Akash Network

USDC

The Graph

Akash Network (AKT) price was up 12% on Thursday as the cryptocurrency ranked second behind Book of Meme (BOME) as the top gainers.
While BOME leads top 100 gainers by market cap with a 24-hour gain of over 14%, AKT traded to highs of $3.45. The AI related token led other coins in this category, with only Render (RNDR) and The Graph (GRT) in the green among <a href="https://coinmarketcap.com/view/ai-big-data/" target="_blank" rel="noopener noreferrer nofollow">top AI and Big Data</a> cryptocurrencies.
SingularityNET, Fetch.ai and Ocean Protocol, which are headed for a merger under the Artificial Superintelligence Alliance (ASI), were all dumping more than 10% at the time of writing.
The all-time high for AKT was $8.07 reached in April 2021.
However, while in the current market cycle, the cryptocurrency peaked at $6.22 on March 10, 2024. A <a href="https://crypto.news/akash-network-akt-surges-48-following-upbit-listing/" rel="noopener noreferrer nofollow">surge amid Upbit listing in April</a> saw AKT break to above $6.03 before paring gains.
<h2 class="wp-block-heading" id="akash-network-price-up-amid-renaissance-hackathon">Akash Network price up amid RenAIssance Hackathon</h2>
The broader crypto market was up just 1% to about $2.29 trillion, but Akash Network appeared to defy this with its double-digit gain.
As well as the announcement that Crypto.com now supports AKT staking with up to 19% in rewards, positive vibes around Akash Network may have come from another major network related event.
On June 25, the Akash team <a href="https://akash.network/blog/decentralized-ai-model-training-on-akash-with-flockio/" target="_blank" rel="noopener noreferrer nofollow">revealed a collaboration with Flock</a>, a platform for decentralized training of AI models.
With FLock.io, AKT holders can participate in an open and collaborative ecosystem, contributing to training of models, for on-chain rewards. Users can also contribute data and other computing resources to earn AKT.
The RenAIssance Hackathon offers rewards in AKT, USDC and native FLock token FML.&nbsp; Top 3 models in the hackathon will earn 400 USDC and $400 worth of AKT for the winner; 300 USDC plus $300 worth of AKT will go to the runner up and 200 USDC plus $200 in AKT for the third-place model.
Participants also stand to win 200 USDC and $200 worth of AKT for winning validators.

Akash Network surges 12%, leading AI tokens bounce

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