Since it launched its mainnet, a decentralized altcoin for cloud computing has seen a 44% increase in value. upgrade The 2nd of May is a day to celebrate.
Akash NetworkAKTWhen this was published, the price of a ) had increased to around $5.76. Its previous value was $4.60. “Mainnet 11” Version earlier in the month.
This crypto asset, which is ranked at 73rd in terms of market cap, has gained nearly 35% over the past week.
Akash Network (Akash) is an open, decentralized network.source Cloud network supporting decentralized financial (DeFi), machine learning, Blockchains, and Artificial Intelligence (AI) applications.
The project says The new upgrade Simplified the process of granting grants and streamlined the tracking and management of AKT.
House of Chimera – a research and development firm for blockchain technology notes Akash Network experienced a significant increase in its ecosystem during the first quarter, with revenues exceeding $140,000. This compares to less than $20,000 for Q3 and $100,000 in the Q4 2023.
The firm’s explanation
“Increasing interest in DePin, coupled with growing developer demand, results in higher usage of AKT.”
DePin stands for decentralized physical infrastructure. DePIN involves the use of blockchain and cryptoassets to encourage the construction of physical infrastructure.
AKT is still nearly 29 percent below its $According to 8.07, the date set for April 2021 is a reference point. CoinGecko.
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