BREAKING: Akash Network (AKT) Surges 20% as AI Cloud Demand Soars
BREAKING: Akash Network (AKT) has surged 20.1% in the past 24 hours, trading at $0.567439 as of 10:13 UTC on March 18, 2026, according to CoinGecko data.
The decentralized cloud computing protocol’s market capitalization jumped 21.5% to $164.45 million, with trading volume spiking to $60.3 million over the period. The token has gained 8.9% in the past hour alone, suggesting accelerating momentum.
Rally Extends 30-Day Gains
Today’s surge extends AKT’s impressive 30-day performance, with the token up 73.3% over the past month and 34.9% over the past week. The token reached an intraday high of $0.568305 before settling at current levels.
Akash Network provides a decentralized marketplace for cloud computing resources, positioning itself as an alternative to centralized providers like Amazon Web Services and Google Cloud. The platform allows users to buy and sell computing power using blockchain technology.
Market Context
With 289.25 million AKT tokens in circulation out of a maximum supply of 388.54 million, the project maintains a fully diluted valuation of $164.9 million. The token remains 93.2% below its all-time high of $8.07 reached in April 2021, but has rallied 235% from its November 2022 low of $0.165.
The surge comes as blockchain-based infrastructure projects gain attention amid growing demand for decentralized computing solutions. Trading volume of $60.3 million represents significant interest, though the cause of today’s specific price action has not been officially disclosed by the Akash Network team.
AKT currently ranks #204 by market capitalization among all cryptocurrencies tracked by CoinGecko.
This is a developing story. Further updates will be provided as more information becomes available.
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