The cryptocurrency market witnessed a significant upward movement in Akash Network’s native token, AKT, following a major exchange listing announcement. With a 48% surge in value over the past 24 hours, AKT has emerged as one of the top-performing assets among the leading 100 cryptocurrencies by market capitalization. This rally positions Akash Network as a growing force in the decentralized cloud computing and AI infrastructure space.
At the time of writing, AKT is trading at $6.03, pushing its market cap to approximately $1.4 billion and securing its place as the 65th-largest digital asset globally. Equally impressive is the spike in trading volume — a staggering 1,560% increase — now reaching $65 million daily. This sudden momentum highlights renewed investor confidence and increased market interest in the project.
Catalyst Behind the Price Surge
The primary driver behind AKT’s surge is the announcement from Upbit, South Korea’s largest cryptocurrency exchange, confirming the listing of AKT with KRW, BTC, and USDT trading pairs. The trading went live at 10:00 UTC on April 23, opening access to a vast base of Korean retail investors who are known for their active participation in early-stage crypto projects.
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Exchange listings, especially on platforms with high liquidity and user trust like Upbit, often serve as strong bullish signals. They not only enhance token visibility but also improve liquidity and accessibility for global traders. For Akash Network, this milestone represents broader recognition of its technological value and real-world utility in decentralized infrastructure.
Social Sentiment and Market Indicators
Market intelligence platform Santiment reported a 200% increase in Akash Network’s social volume over the past day. The spike in online discussions — particularly across communities like Reddit and Bitcointalk — suggests growing grassroots interest. These platforms are often early indicators of community-driven momentum, where developers, enthusiasts, and investors exchange insights about project fundamentals and future potential.
Despite the sharp price rise, technical indicators suggest that AKT remains in a healthy state. The Relative Strength Index (RSI) climbed slightly from 47 to 49, still well below the overbought threshold of 70. This implies that the current rally may not yet be overextended, leaving room for sustained bullish momentum if demand continues.
An RSI below 50 typically indicates neutral-to-bullish conditions, especially when accompanied by rising volume and positive sentiment. As long as the RSI remains balanced, AKT could experience steady appreciation without triggering a sharp correction.
Core Keywords and Market Positioning
Key terms defining this movement include:
- Akash Network
- AKT price
- Upbit listing
- decentralized cloud computing
- crypto price surge
- RSI indicator
- blockchain infrastructure
- KRW trading pair
These keywords reflect both the technical and fundamental drivers influencing AKT’s performance. The integration of decentralized AI and cloud services into blockchain ecosystems is gaining traction, and Akash Network stands at the forefront of this innovation wave.
Understanding Akash Network’s Value Proposition
Akash Network is a decentralized cloud computing marketplace that enables users to rent unused server capacity from providers worldwide. By leveraging blockchain technology, it offers a more cost-effective, censorship-resistant, and scalable alternative to traditional cloud providers like AWS or Google Cloud.
Developers building AI models, decentralized applications (dApps), or blockchain nodes can deploy workloads on Akash at up to 70% lower costs compared to centralized platforms. This efficiency makes it especially appealing during periods of rapid AI development, where computational demand is soaring.
With increasing adoption of AI and machine learning tools across industries, decentralized compute networks are becoming critical infrastructure. Akash’s ability to connect supply and demand efficiently positions it as a key player in the next generation of web services.
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FAQ Section
Q: Why did AKT price surge recently?
A: The 48% price increase was triggered by Upbit’s announcement to list AKT with KRW, BTC, and USDT trading pairs, significantly boosting liquidity and investor access.
Q: Is AKT overbought after the recent rally?
A: No. With an RSI of 49, AKT remains in a neutral zone — not overbought or oversold — suggesting potential for further upside if momentum holds.
Q: What is Akash Network used for?
A: Akash Network provides a decentralized marketplace for cloud computing resources, allowing developers to deploy applications and AI models at lower costs using underutilized global server capacity.
Q: How does an Upbit listing impact a cryptocurrency?
A: Listings on major exchanges like Upbit increase visibility, liquidity, and credibility, often leading to higher trading volumes and price appreciation due to expanded investor reach.
Q: Where did most social discussion about AKT come from?
A: According to Santiment, Reddit and Bitcointalk were the primary sources of increased social volume, indicating strong community engagement and organic interest.
Q: Is AKT at its all-time high?
A: No. Although AKT reached $6.03 after the surge, it remains 23% below its all-time high of $8.08 recorded in April 2021.
Long-Term Outlook for AKT
While short-term price movements are often driven by exchange listings and market sentiment, the long-term viability of AKT hinges on continued adoption of Akash’s decentralized cloud platform. As more developers seek affordable and open alternatives to traditional cloud services, demand for AKT — used for staking, governance, and payments within the network — is likely to grow.
Furthermore, integration with AI development workflows could unlock new use cases. With AI training requiring massive computational power, decentralized networks like Akash offer scalable solutions that align with the ethos of open-source and permissionless innovation.
As institutional and retail interest in Web3 infrastructure grows, projects like Akash Network are well-positioned to benefit from macro trends in decentralization, AI, and cloud computing convergence.
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