Akash Network

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 <p class="is-style-lead">The token of decentralized cloud computing provider Akash Network (AKT) has been consistently rising over the past two weeks as its token’s <a rel="noopener noreferrer nofollow" title="social" href="https://thebittimes.com/tag/social.html">social</a> <a rel="noopener noreferrer nofollow" title="dominance" href="https://thebittimes.com/tag/dominance.html">dominance</a> skyrockets.</p> 
 <p>AKT is up by $138% over the past 30 days and trading at $1.51 at the time of writing. The massive surge comes while data provided by Santiment shows high volatility for the asset.</p> 
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  <img decoding="async" width="3840" height="1300" src="https://crypto.news/app/uploads/2023/08/Akash-Network-AKT-14.52.06-22-Aug-2023.png" alt="Akash Network price surges amid high social dominance - 1" class="wp-image-14187276"> 
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    AKT price, volatility and social dominance – Aug. 22 | Source: Santiment 
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 <p>Moreover, according to data from the market intelligence platform, AKT’s monthly price volatility has reached an 11-week high of 0.37. The last time the token’s volatility touched the 0.39 level was in early June.</p> 
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 <p>The AKT’s <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> volatility hike comes with the asset’s high daily trading volume — rising by almost 40% and currently standing at $5.45 million.</p> 
 <p>On the other hand, Akash Network’s social dominance has been constantly surging over the past two weeks. According to Santiment, AKT’s social dominance has risen by around 600% since Aug. 8.</p> 
 <p>Per the market intelligence platform, this is the first time in 32 months that AKT’s <a rel="noopener noreferrer nofollow" title="social" href="https://thebittimes.com/tag/social.html">social</a> <a rel="noopener noreferrer nofollow" title="dominance" href="https://thebittimes.com/tag/dominance.html">dominance</a> reached 0.41%.</p> 
 <p>The so-called “supercloud” provider’s native token registered 10.6% gains over the past 24 hours with a market capitalization of $328 million.</p> 
 <p>It’s important to note that AKT is the top gainer among the top 100 crypto assets in four different timelines — past 24 hours, past week, past month, and past 60 days.</p> 
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Akash Network price surges amid high social dominance

TheBitTimes

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