Akash Network

April

<div class="dailyhodl">
 <p>A decentralized cloud computing altcoin has surged by 44% since it completed a mainnet upgrade on May 2nd.</p>
 <p>Akash Network (AKT) is trading at $5.76 at time of writing, up from around $4.00 prior to rolling out its “Mainnet 11” version earlier this month.</p>
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 <p>The 73rd-ranked crypto asset by market cap is also up nearly 35% in the past seven days alone.</p>
 <p>Akash Network is a decentralized open-source cloud network that supports decentralized finance (DeFi) applications and organizations, as well as machine learning, blockchains and artificial intelligence (AI).</p>
 <p>The project says the new upgrade improved the management and tracking of authorized AKT and simplified the grant process for deployments.</p>
 <p>House of Chimera, a blockchain research firm, notes that Akash Network witnessed a surge in ecosystem growth in the first quarter of the year, logging more than $140,000 in revenue in Q1, compared to $100,000 in Q4 of 2023 and less than $20,000 in Q3.</p>
 <p>Explains the firm,</p>
 <p><em>“Increasing interest in DePin, coupled with growing developer demand, results in higher usage of AKT.”</em></p>
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GNJQV92WMAAqPe-?format=jpg&amp;name=large" alt="Image" width="1280" height="885">
  <figcaption class="wp-caption-text">
   Source: House of Chimera/X
  </figcaption>
 </figure>
 <p>DePin stands for decentralized physical infrastructure. DePIN projects involve the use of crypto assets and blockchain technology to incentivize the building of real-world infrastructure.</p>
 <p>Despite its recent gains, AKT remains nearly 29% down from its all-time high of $<span data-price-target="price" data-price-json="{&quot;aed&quot;:29.659416717210366,&quot;ars&quot;:5881.640019126744,&quot;aud&quot;:10.534856884534609,&quot;bch&quot;:0.01718095170705832,&quot;bdt&quot;:739.4827313923249,&quot;bhd&quot;:3.042057093142031,&quot;bmd&quot;:8.074964345911043,&quot;bnb&quot;:0.045731458824922785,&quot;brl&quot;:45.19517169584678,&quot;btc&quot;:0.00014575917013826114,&quot;cad&quot;:10.152289298718387,&quot;chf&quot;:7.518809251550771,&quot;clp&quot;:6423.7007533002425,&quot;cny&quot;:52.80622934008527,&quot;czk&quot;:177.04440078053483,&quot;dkk&quot;:50.5850731223485,&quot;dot&quot;:0.903653379150355,&quot;eos&quot;:7.955698938012479,&quot;eth&quot;:0.004840509634631192,&quot;eur&quot;:6.802131940958119,&quot;gbp&quot;:5.841009309686058,&quot;gel&quot;:18.037852592379114,&quot;hkd&quot;:62.79213399845621,&quot;huf&quot;:2496.736521128324,&quot;idr&quot;:116875.41894984721,&quot;ils&quot;:26.616455228061554,&quot;inr&quot;:593.3895866806002,&quot;jpy&quot;:1043.719038632921,&quot;krw&quot;:9291.200681710423,&quot;kwd&quot;:2.4385504078573326,&quot;lkr&quot;:2024.3766185014417,&quot;ltc&quot;:0.07948192867925041,&quot;mmk&quot;:14149.586796131402,&quot;mxn&quot;:163.0735415922777,&quot;myr&quot;:33.36171519513146,&quot;ngn&quot;:10301.331297816667,&quot;nok&quot;:74.11514923673347,&quot;nzd&quot;:11.45214053437273,&quot;php&quot;:392.01120816898475,&quot;pkr&quot;:1875.1806644323353,&quot;pln&quot;:31.241423357039462,&quot;rub&quot;:627.3125614907234,&quot;sar&quot;:30.28563020223578,&quot;sek&quot;:73.42621790078658,&quot;sgd&quot;:9.18851582617026,&quot;thb&quot;:252.5616288427816,&quot;try&quot;:219.84162519231643,&quot;twd&quot;:229.65602347988326,&quot;uah&quot;:267.90416110851896,&quot;usd&quot;:8.074964345911043,&quot;vef&quot;:237784.84161889175,&quot;vnd&quot;:185458.29238302496,&quot;xag&quot;:0.3207407330556819,&quot;xau&quot;:0.004631234301310364,&quot;xdr&quot;:5.67204875571221,&quot;xlm&quot;:57.474399231471565,&quot;xrp&quot;:15.789839912814996,&quot;yfi&quot;:0.000899076848796827,&quot;zar&quot;:129.44747919746126,&quot;bits&quot;:145.75917013826117,&quot;link&quot;:0.4387247617370011,&quot;sats&quot;:14575.917013826116}" data-prev-price="8.074964345911043">8.07, which it set in April 2021, according to CoinGecko.</span></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/decentralized-cloud-computing-altcoin-skyrockets-in-price-after-completion-of-successful-mainnet-upgrade-tbt88098.html">https://thebittimes.com/decentralized-cloud-computing-altcoin-skyrockets-in-price-after-completion-of-successful-mainnet-upgrade-tbt88098.html</a></p>

Decentralized Cloud Computing Altcoin Skyrockets in Price After Completion of Successful Mainnet Upgrade

TheBitTimes

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