Akash Network Price Prediction 2023-2030: Is Akash a Good Investment?

Akash Network Latest Price

Akash Network News

  • The latest Akash’s Node v0.24.0, prepping for Mainnet 6, is now available. This release introduces a marketplace for top-tier GPUs such as NVIDIA H100 and A100s, ensures stable payments with $USDC, and allows fee collection for $AKT stakers.
  • Akash Network’s price has jumped more than 6% in the last 24 hours, even though the global crypto market cap is down 0.65% at $1.05T. While there’s no big news directly linking to this uptick, the rise began shortly after the release of Akash’s Node v0.24.0.
  • Social Media Buzz: Trending Higher
  • Social Media Sentiments
    • Last 7 days: +42.4%
    • Yesterday: +38.8%
    • Today: +52.6%

Akash Network Price Prediction: Is Akash a Good Investment?

Akash is an open network that allows users to buy and sell computer resources in a safe and efficient manner. Imagine it as a marketplace where people can trade computing power.

So, how do you use it? You just have to define your requirements, like what kind of computing resources you need, and then set your price. You’ll get offers from providers, and you can choose the most affordable one. This allows you to launch your application without the need to set up or manage any servers.

Now, the Akash Deployment Marketplace is kind of like an online store, but for leasing computing resources. Everything is recorded on a blockchain, using Akash Tokens.

The Akash Container Platform is where you host and manage your applications. Akash provides a range of services to help you do that. In terms of cost, Akash is cheaper than other major services like Amazon AWS, Google Cloud Platform, and Microsoft Azure.

Another difference is that Akash Network doesn’t require you to rewrite your application or lock you into a specific provider. Users can switch providers easily, and the files are transferred securely.

Users define their needs using something called the Stack Definition Language (SDL), which is written in a file and allows them to specify what they want from the network.

AKT Token and its Utility

The Akash Network Token, or AKT, is the main token used within the Akash Network. It has multiple roles and uses. Here are the use cases for the Akash Network Token (AKT):

  • AKT tokens are staked to secure the Akash Network. This helps increase network safety and provides a passive income stream for those who stake their tokens.
  • AKT token holders can participate in network governance. They can vote on various proposals to improve the network and manage important parameters like inflation rate and service charges.
  • It acts as a primary currency within the Akash Network and the wider Cosmos ecosystem. It can be used to store and exchange value.
  • AKT is used to encourage behavior beneficial to the network. Providers are incentivized to offer lower prices and users are incentivized to stay active and participate in the network for longer periods by staking their AKT tokens.

Moreover, the Akash Network ecosystem is a diverse community of projects that leverage its capabilities in various ways. These include PoS Validators like Anonstake and Bi23, which allow users to stake their tokens for rewards; Smart Contract platforms like Blockless and Paloma; and Developer Tools like Praetor and Cosmos Directory.

DeFi (Decentralized Finance) applications like Rango Exchange, Sifchain, and Evia Network are prevalent, and Decentralized Autonomous Organizations (DAOs) such as AtlasDAO and Spark IBC are also part of the ecosystem.

NFT platforms, such as IBCNFTs and OmniFlix, and gaming projects like Strange Clan and Passage 3D, are innovating in their respective domains. There are also various tools for privacy, like Alter, and decentralized cloud services like DeWeb Services. All these projects work together to create a rich, decentralized ecosystem on the Akash Network.

Overall, Akash Network appears to be a moderate case for investment.

Akash Network Price Prediction Today

UTC: Sep 25th, 2023 01:01 PM
Overall OutlookNeutral
1. Market's WisdomPartially Bullish
1a. Market DataPartially Bullish
1b. Technical RecommendationNeutral
2. Crowd's WisdomNeutral
2a. Social Media BuzzHigher
2b. Social Media SentimentLower

Akash Network Price Prediction 2023, 2025 and 2030

  • Akash Network Price Prediction for 2023 is $1.03
  • Akash Network Price Prediction for 2025 is $1.92
  • Akash Network Price Prediction for 2030 is $8.15

Where to Buy Akash Network (AKT) tokens?

  • KuCoin
  • Kraken
  • Houbi
  • Gate.io
  • Crypto.com Exchange

Also Read: Will LUNC Reach 1 cent?

~Charu Taneja

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.

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