BREAKING: Akash Network (AKT) Surges 21.3% to $0.42 in 24 Hours
Akash Network (AKT) has experienced a significant price surge, climbing 21.3% in the past 24 hours to reach $0.421941 as of March 8, 2026, 1:28 AM UTC.
The decentralized cloud computing platform’s token has seen substantial gains across multiple timeframes, with a 6.8% increase in the past hour alone. Trading volume has surged to $50.47 million, indicating heightened market interest in the project.
Price Performance and Market Metrics
AKT reached a 24-hour high of $0.421957, up from a low of $0.340782, representing a significant intraday range. The token’s market capitalization has grown by $21.5 million to reach $122.04 million, placing it at rank #230 among all cryptocurrencies.
The price action extends a strong monthly trend, with AKT posting gains of 51.7% over the past 30 days and 35.6% over the past week. This performance significantly outpaces the broader cryptocurrency market during the same period.
Token Supply and Valuation
Akash Network currently has a circulating supply of 289.25 million AKT tokens out of a total supply of 289.40 million, with a maximum supply capped at 388.54 million tokens. The fully diluted valuation stands at $122.10 million, closely aligned with the current market cap.
Historical Context
Despite today’s gains, AKT remains 94.8% below its all-time high of $8.07, reached on April 6, 2021, during the previous bull market cycle. However, the token has gained 154.5% from its all-time low of $0.164994, recorded on November 21, 2022.
About Akash Network
Akash Network operates as a decentralized cloud computing marketplace, enabling users to buy and sell computing resources in a peer-to-peer environment. The platform aims to provide a more cost-effective alternative to centralized cloud providers by leveraging underutilized computing capacity.
The recent price surge comes as decentralized infrastructure projects continue gaining attention in 2026, with investors increasingly focused on projects offering practical utility in the evolving Web3 ecosystem.
This is a developing story. Market data accurate as of March 8, 2026, 1:28 AM UTC.
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