BREAKING: Akash Network (AKT) Surges 23% to $0.45 on Trading Volume
March 11, 2026 — Akash Network (AKT) has surged 23.2% in the past 24 hours, reaching $0.45545 and marking one of the strongest single-day performances among major cryptocurrency projects.
The decentralized cloud computing platform’s token gained $0.085659 over the period, with trading volume hitting $39.9 million. The price rally pushed Akash Network’s market capitalization to $131.7 million, representing a 22.3% increase of approximately $24 million.
Price Performance Details
AKT reached a 24-hour high of $0.454173 after climbing from a low of $0.36979, demonstrating strong bullish momentum. The token has now gained 34.9% over the past week and 45.8% over the past 30 days, indicating sustained upward price action throughout early 2026.
Short-term momentum remains strong, with AKT gaining 3.7% in just the past hour as of the latest data update at 00:29 UTC.
Market Position and Supply Metrics
Akash Network currently ranks #223 by market capitalization among all cryptocurrencies. The project has a circulating supply of 289.25 million AKT tokens out of a total supply of 289.59 million, with a maximum supply capped at 388.54 million tokens.
The fully diluted valuation stands at $131.89 million, closely aligned with the current market cap due to the high percentage of tokens already in circulation.
Historical Context
While today’s surge is significant, AKT remains well below its all-time high of $8.07 reached on April 6, 2021, representing a 94.5% decline from that peak. However, the token has demonstrated strong recovery from its all-time low of $0.164994 recorded on November 21, 2022, gaining over 171% from that bottom.
Akash Network operates as a decentralized cloud computing marketplace, positioning itself as an alternative to centralized cloud providers. The platform allows users to buy and sell computing resources in a permissionless environment.
The 24-hour trading volume of $39.9 million represents approximately 30% of the total market cap, indicating substantial trading interest and liquidity during this price surge.
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