Akash Network Price Prediction 2024 – 2040

Akash Network is the world’s premier marketplace for computing resources. As seen on its website, the Network is purpose-built for public utility, allowing users from all over to world to buy and sell computing resources. The native token of the network, “AKT” is becoming more popular among crypto enthusiasts, hence the need for Akash Network price prediction.

In this guide, we’ll discuss the key things a potential investor must know before buying Akash Network Token (AKT). From AKT price history analysis, we’ll cover short, medium and long-term Akash Network price forecast(s). We’ll also discuss how Akash Network works and the factors that can impact its price movements. In the end, you should have enough information to determine whether AKT is a good buy.

Akash Network Price Prediction Summary

• End of 2024: AKT has had a relatively good year, so far. We also believe that this token will gain more rapidly if the wider market improves towards the end of the year. By our estimations, AKT could reach a high price target of $6.85 before the end of this year.
• End of 2025: The wider crypto market is expected to grow significantly within the next 12 months. If the market performs as well as we anticipate and the Bull Run reaches a crescendo, AKT could be worth as much as $12.17 per token before the end of 2025.
• End of 2027: Based on historical data, the wider crypto market may become bearish in 2026. This may last throughout the first two quarters of 2027 (Q1 and Q2). However, if the market improves before the year ends, Akash Network Token may record a maximum price of $14.25 in 2027.   
• End of 2030: The world is changing at an incredible pace and blockchain technology is driving significant positive changes. Akash Network leverages this technology to democratize the compute marketplace. If it grows as much as we anticipate, AKT price could rise to as much as $38.39 per token before the end of 2030.  

Akash Network (AKT) Price History

Before offering its tokens to the public, Akash Network raised funds in the first quarter of 2020. According to cryptorank data, the network raised $2 million through a private round led by Digital Asset Capital Management and Infinite Capital. Other participants were Cypher Capital, George Burke and Satori Research.

According to IcoDrops’ data, Akash Network conducted a successful initial Exchange Offering (IEO) on Bitmex in October 2020. The IEO price of AKT then was $0.35 per token. The token became available to the public around the same period at an initial price of around $0.40 per token. It gained slowly in its first few months, reaching $0.8 in late December 2020.

As the 2021 crypto bull season began, AKT was among the top-gaining new coins. By February 10, 2021, it had already reached $3.42 per token. According to Coinmarketcap data, Akash Network Token (AKT) reached its all-time high price of $8.08 on April 6, 2021. It dropped sharply in the weeks that followed.

On April 27, 2021, AKT price was $5.91, but by July 21, it had dropped to as low as $2.06 per token. Another significant recovery phase saw the token reach a peak price of $5.76 on September 20, 2021. It declined again to around $3.24 by September 30, and by mid-December, the price was in the $0.5 region.

The 2022 bear market had a significant effect on AKT price, leading it to an all-time low price of $0.165 on November 21, 2022, per coingecko data.

Recovery from All-Time Low Price and Recent Performance

Akash Network price recovery from its all-time low point was slow, no thanks to the bear market condition of 2022/2023. After reaching $0.51 in late December 2022, AKT declined to around $0.25 in May 2023. From late June, it started improving, reaching the $1.5 mark in late August. Despite an initial setback that saw the token price drop to around $0.8 in October, AKT finished 2023 strong at around $2.26 per token.

In 2024, Akash Network has made significant progress, thanks to the bull market condition that has dominated this year. It reached as high as $6.22 on March 10, 2024, before dropping again to around $3.98 in mid-April. Another meaningful price surge saw the token reach $5.79 on May 11 before it dropped slowly to the $3.7 region in mid-July.

In August 2024, Akash Network token has been moving sideways. While AKT price has remained above the $2 zone for weeks, it hasn’t been able to break through the $3.5 mark in the past month. In fact, its 1-month price change is negative at 13.34% but it is up $7.38% in the last 7 days.

Key Points in Akash Network (AKT) price history

• Akash Network raised initial funds through a private round led by Digital Asset Capital Management and Infinite Capital in Q1 2020
• During its successful IEO on Bitrex, Akash Network token (AKT)’s initial price was $0.35 per token
• In early 2021, Akash Network was among the best coins, surging to $3.42 per token by February 10
• Akash Network Token (AKT) reached its all-time high value of $8.08 on April 6, 2021, during a major bull market season
• Akash Network was seriously impacted by the 2022 bear market, dropping throughout the year until it reached an all-time low price of $0.165 on November 21
• In the first half of 2023, Akash Network price remained low, only picking momentum in Late June
• As the crypto market improved in anticipation of Bitcoin halving, AKT gained meaningfully in the last quarter of 2023 (Q4, 2023), finishing strong at $2.26 per token
• This year, Akash Network has performed well, reaching $6.22 on March 10, 2024
• While AKT price continues to fluctuate, it has shown positive signs throughout the bull season

Akash Network Price Prediction 2024

In the previous section of this AKT price prediction guide, we provided information about its price performance so far in 2024. Like in a typical bull market, Akash Network has demonstrated bullish tendencies, touching the $6 mark again for the first time in three years.

Like other altcoins, AKT price performance has been similar to Bitcoin Price prediction and performance in the past 12 months. Thanks to several interesting developments within the crypto space, BTC gained massively in the first few months of the year. It even reached a new all-time high price in March. Interestingly, this was the same period AKT reached its highest price this year.

Though Akash Network is a unique project that aims to disrupt how people buy and sell computing resources, its token, AKT, relies strongly on the condition of the wider market. While other factors can influence its price performance, AKT price is more reliant on the condition of the market.

So, how could the Akash price chart shape up in the last four months of 2024? There are indications that the wider market will get bullish during the last quarter of this year. That also implies that AKT may experience another price surge in the next few months.

Therefore, based on how the market turns out, AKT could gain meaningfully between October and December 2024. By our estimation, the token may reach a maximum price of $6.85 before the end of the year.

Akash Network Price Prediction 2025

To get a realistic AKT price forecast for 2025, we also need to keep an eye on the wider crypto market. Over the past few years, we’ve observed that a crypto bull market reaches its peak a year after Bitcoin halving. Thankfully, most coins, including AKT, performed well in 2024, and this trend could easily extend to 2025.

Still judging by historical facts, it is safe to speculate that 2025 will be the year for altcoins. While BTC is expected to continue to dictate the tune of the market, top altcoins could lead the market in terms of overall performance. Projects like Akash Network may command serious attention and record high gains.

Based on market sentiment, 2025 may be the year for AKT to reach a new all-time high figure. Its inability to break the previous record was due to market volatility, as well as the fact that BTC experienced some sort of correction after the excitement surrounding Bitcoin ETFs died down.

2025 will likely start on an explosive note. As crypto enthusiasts and new buyers jostle to take advantage of the market, coins like AKT could get the momentum they need to reach a new ATH. We also anticipate that the Bull Run will extend throughout the year.

As per our actual Akash Network price prediction for 2025, we estimate that the coin will reach a maximum price of $12.17 before the end of the year. 

AKT Price Forecast 2027

Over the years, crypto analysts have come to agree that bullish and bearish seasons in the crypto market are mostly reliant on Bitcoin’s 4-year cycle. This purported cycle is heavily reliant on Bitcoin halving, which determines mining rewards and influences BTC supply. Based on this theory, 2027 could mark the end of a bearish trend that may start in 2026.

There is a high tendency that the crypto market will become bearish in 2026. Based on its historical data, we can deduce that AKT price will decline when the bears take over. However, AKT holders can hope that the price of the coin will crash quickly. This is one of the benefits you can get from buying some of the most sustainable cryptos.

We also need to look at the specific market Akash Network serves. This network is working to revolutionize the way people use computing resources. Its infrastructure goes beyond cloud computing resources, allowing anyone to benefit from the democratization of computer hardware and internet resources.

Akash Network could evolve into something bigger. If it improves as much as we anticipate, AKT may become one of the best DePIN tokens to own. This could keep its price from sliding too much in 2026 and 2027.

So, AKT price in 2027 may be significantly higher than what the naysayers may suggest. Based on all the different factors at play, a realistic Akash Network price prediction is a high price target of $14.25 by the end of 2027.

Akash Network Price Prediction 2030

Like some of the best altcoins out there, Akash Network will most likely experience explosive growth by the turn of the century. By 2030, the project will be in its 10th year, and we anticipate that it will achieve a lot even before this time.

Judging by how older blockchain projects have evolved in the past years, there is real hope that Akash Network will be a lot bigger by 2030. Ethereum, for instance, has inspired several sub-sectors within the crypto space, including DeFi, GameFi and many more.

While Akash Network differs significantly from Ethereum, it supports a wide range of features that can inspire a huge ecosystem in the future. It is a pioneering Layer-1 protocol built on Cosmos SDK, with enough features to inspire transformations. It could be one of the next cryptos to explode.

One of the factors that could attract all kinds of new users to Akash Network is the fact that it is a community-owned and managed project. The community makes important decisions and will continue to seek what will benefit the project. Users will feel connected to the network and try to keep it strong as cloud computing becomes more attractive and profitable.

Depending on how events unfold in the coming years, Akash Network will most likely grow much bigger and better by 2030. Its native token will also gain significant value. Our 2030 AKT price forecast, therefore, is a maximum valuation of $38.39 per token.

Akash Network Price Prediction 2040

Before 2040, there will be a huge change in how people around the world use computing resources. Akash Network is one of the pioneering projects trying to drive this change through blockchain innovations. Long-term success could mean big profits for AKT holders.

With Akash Network, it is easy for anyone to provide computing resources and earn when users deploy. It is also easy for anyone to deploy with Akash. The network will improve the long-term efficiency of computing resources across the world.

Akash is a powerful, flexible network built for the future. Already, it allows users to enjoy as much as 85% lower prices than other public cloud services, while giving them freedom to customize usage to their preferences.

Judging by what it has achieved in less than 4 years, Akash Network may become a lot more powerful and efficient before 2040. It will also become a lot more attractive to investors and users. That also implies that the value of its tokens will improve significantly by 2040.

Depending on what Akash Network achieves in the years to come and the condition of the wider crypto market and blockchain industry by 2040, AKT price could explode. Based on our estimation, the token could be worth as much as $56.83 before the end of 2040.

Potential Highs and Lows of Akash Network Price

The crypto space is inherently volatile, so we don’t expect AKT price to be uniform within any given period. To help our readers make better decisions, we’ll provide potential high and low price points for the Akash Network token (AKT) for the years we’ve covered in this guide:

Expert Opinions – What Other Analysts Predict for AKT Price

Though it doesn’t rank among the top trending cryptos, Akash Network has caught the attention of many crypto enthusiasts in the past few months. This has prompted many analysts to forecast the coin’s price. Below, we’ll sample the opinions of other analysts providing Akash price predictions for other crypto media outlets:

“The price of Akash Network is expected to reach a maximum value of $4.80 in 2024.”

bitnation.com

“As per our crypto market analysis through the machine learning model, the peak price of Akash Network in 2025 will be around $11.81, which may reach a lower value of $5.71. The average trading value will be $10.62.”

coinfomania.com

“It is assumed that in 2027, the minimum AKT price might drop to $10.44, while its maximum can reach $12.46. On average, the trading cost will be around $10.73.”

changelly.com

“In 2030, Akash Network crypto may touch its lowest price at $35.27, hitting a high of $56.91 and an average price of $46.09.”

coinpedia.org

“Looking ahead to 2040, AKT could soar to a high of $50.00, driven by widespread blockchain adoption and robust technological developments. Conversely, it may also face a low of $30.00 if significant regulatory or technological hurdles emerge.”

coinedition.com  

What is Akash Network and What is it Used For?

Akash Network can be described as a decentralized cloud computing marketplace. It is a sort of DePIN (decentralized physical infrastructure Network) that enables users to buy and sell computing resources securely and efficiently.

At its core, Akash Network features what is called the Akash Supercloud, which is a marketplace for hardware and other computing resources. Thanks to key features like Infrastructure as Code, persistent storage, and dedicated IP leasing, Akash Network caters to the needs of all users, irrespective of location and infrastructural needs.

Besides enabling the buying and selling of computing resources, Akash Network boasts an extensive ecosystem of tools and resources. These tools also enable individuals and corporate entities to deploy decentralized applications and related products and services on the network.

At the moment, Akash Network has been used for several projects. Many existing projects have also been deployed on Akash Network, especially from AWS. It is safe to say that Akash Network is on its way to being the choice cloud computing platform for those who cherish decentralization. It is also serving a great purpose in the intersection between AI and Crypto.

The Akash Network Token (AKT)

While this article explores the fundamentals of Akash Network, it is primarily aimed at understanding how the price of its native asset (AKT) could change in the future. The Akash Network Token, which trades under the ticker symbol “AKT” is the native cryptocurrency that powers the network. It can be used for various things, which we will explore below.

Primarily, AKT is used to settle all kinds of transaction fees within the Akash Ecosystem. As the native currency of the network, it is the currency used by anyone to access the services offered by the network. AKT is also used for Staking in order to secure the network and earn rewards in the process.

The Akash Network Token is also the governance token of the network. This implies that it gives holders governance rights to vote on proposals that shape the future of the network. This is one of the reasons the Akash Network community will grow stronger in the future.

Lastly, the Akash Network Token is also used as an investment instrument. Like other volatile crypto assets, it can be bought and sold across centralized and decentralized crypto exchanges and related platforms for profit-making purposes.

What Influences the Price of Akash Network Tokens (AKT)?

Like other cryptos, there are several factors that can cause AKT price to change over any given period. As we’ve hinted in a previous section of this AKT price prediction guide, the wider crypto market condition is the primary price driver. The market experiences bullish and bearish seasons and most coins/tokens, including AKT, perform according to the direction of the market. 

The developments and updates within the Akash Network ecosystem are some of the other factors that influence Akash price. The token will most likely perform well when the ecosystem is developing well and projects within the ecosystem are recording successes.

Market sentiment can also influence AKT price. When investors and potential buyers are positive about AKT, the price could gain. However, negative sentiment surrounding the project and the future of AKT can also have a notable impact on its price.

Other factors can impact AKT price in both the short and long term. Legal and regulatory changes, for instance, can influence prices in different ways. Positive changes could yield positive results while negative developments can lead to price decline. Social media can also influence the price of any crypto, including AKT.

Is Akash Network a Buy?

Based on Akash Network’s fundamental analysis, AKT could be a good buy right now. As the premier compute marketplace, Akash Network is built for the future. It is based on the fundamental principle of decentralization and seeks to democratize the buying and selling of computing resources.

Narrowing down to AKT tokens and what they offer within and beyond the Akash Network ecosystem, there are good reasons to believe that their value will increase in the future. In fact, AKT may be one of the most undervalued tokens when we consider what the price will be in the future.

While being optimistic, there is a need to be cautious when considering buying a crypto. Though Akash Network is a promising project and AKT could be one of the best cryptos to buy now, the crypto space is full of uncertainties. However, the Akash Network Token looks like a good buy right now.

Akash Network Price Prediction – Conclusion

In this article, we’ve covered some of the most important things anyone should know about Akash Network and its native token, AKT before making a purchase. From the price history section, you can tell that this crypto asset is very volatile. You can also tell from the entire sections of our AKT price forecast that it is a promising crypto with a huge long-term potential. 

One of the most attractive things about Akash Network is that it democratizes computing resources, allowing individuals from all parts of the world to contribute and earn. The ATK token makes it even easier for network participants to earn in different ways. However, we must repeat that it is a volatile and risky investment.

At this point, we need to reiterate the importance of due diligence before crypto investments. Our crypto price predictions are only educated estimates of what a coin could be worth in the future. They are not investment advice. Lastly, you must take care to buy crypto and other investment instruments from reliable sources like Binance and eToro.

References

1. https://cryptorank.io/ico/akash-network
2. https://icodrops.com/akash-network/
3. https://coinmarketcap.com/currencies/akash-network/
4. https://kriptomat.io/finance-investing/the-bitcoin-halving-how-it-affects-crypto-prices/
5. https://aws.amazon.com/what-is-cloud-computing/
6. https://www.forbes.com/sites/nicolelapin/2021/12/23/explaining-cryptos-volatility/
7. https://www.chainalysis.com/blog/crypto-staking/
8. https://www.investopedia.com/terms/f/financialinstrument.asp

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Author: Michael Kalu

Michael Kalu is an experienced Finance and Cryptocurrency writer/analyst with penchant for excellence. He’s skilled in market analysis, market trends, and investment strategies. Since 2017, Michael has been immersed in everything crypto, working with diverse projects and contributing to leading online finance/crypto publications, including Coincodex, Coinchechup, and Trading-Education. Before delving into crypto and journalism, he earned a Bachelor’s degree in Agric. Economics and studied accounting at professional level. Currently, he’s pursuing an MBA with focus on Sustainability.

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