{"id":634741,"date":"2024-08-11T22:00:55","date_gmt":"2024-08-11T22:00:55","guid":{"rendered":"https:\/\/wncen.com\/?p=634741"},"modified":"2024-08-11T12:34:48","modified_gmt":"2024-08-11T12:34:48","slug":"akash-network-akt-price-moves-up-20-boosting-investor-confidence","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/akash-network-akt-price-moves-up-20-boosting-investor-confidence\/","title":{"rendered":"Akash Network (AKT) Price Moves Up 20%, Boosting Investor Confidence"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The Akash Network (AKT) surged once more as the platform gained investor interest in the decentralized cloud computing scene. According to <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/akash-network\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Coingecko<\/span><\/a><span style=\"font-weight: 400\">, the token is up 20% since last week as the fear, uncertainty, and doubt the market experienced died down.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/analysis\/doge\/dogecoin-major-metrics-fire-bullish-signals-can-price-cross-0-5\/\" target=\"_blank\" rel=\"noopener \">Dogecoin Major Metrics Fire Bullish Signals, Can Price Cross $0.5<\/a><\/div>\n<p><span style=\"font-weight: 400\">The platform is slowly expanding its operations with new additions to Akash that will benefit both investors and Akash service consumers alike. Along with the market\u2019s general bullishness, it seems that AKT will see tremendous growth in the long term.\u00a0<\/span><\/p>\n<h2><strong>Network Utility Reaches Almost Half As Renters Double<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">August 10th <\/span><a href=\"https:\/\/x.com\/akashalpha_\/status\/14615866\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">revealed<\/span><\/a><span style=\"font-weight: 400\"> that the platform\u2019s GPU utility rate has reached over 43% as renters of Akash GPUs increased. In an <\/span><a href=\"https:\/\/www.youtube.com\/watch?v=9gI5CWNpDgw\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">interview<\/span><\/a><span style=\"font-weight: 400\"> on Bare Metal Podcast, Akash Founder Greg Osuri said that the usual customers of the network are mostly smaller companies with no access to high computing power.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Utility rate at <a href=\"https:\/\/twitter.com\/akashnet_?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@akashnet_<\/a> is currently \ud83d\udcf8: 43% .<br \/>\nIt&#8217;s rather consistent, so who&#8217;s renting from them? \ud83e\udd14<a href=\"https:\/\/twitter.com\/gregosuri?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@gregosuri<\/a> gives us a hint: funded non-crypto companies that cannot get access to generalized GPU compute anywhere else.<a href=\"https:\/\/twitter.com\/search?q=%24AKT&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$AKT<\/a> guarantees access to its market&#8217;s resources. <a href=\"https:\/\/t.co\/0pbu8zktPd\" rel=\"nofollow\">pic.twitter.com\/0pbu8zktPd<\/a><\/p>\n<p>\u2014 Akash Alpha (@akashalpha_) <a href=\"https:\/\/twitter.com\/akashalpha_\/status\/14615866?ref_src=twsrc%5Etfw\" rel=\"nofollow\">August 9, 2024<\/a><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">\u201cAll of these companies\u2026how hard it is for them to get on-demand access for A100s. If you don\u2019t have a hundred million dollars in your bank account and are not funded by Amazon, Google, or Microsoft, it&#8217;s impossible to get high-density computing power,\u201d Osuri stated.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The <\/span><a href=\"https:\/\/www.nvidia.com\/en-us\/data-center\/a100\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">A100<\/span><\/a><span style=\"font-weight: 400\"> is one of NVIDIA\u2019s top-of-the-line data-center GPUs specifically built for machine learning applications. With a <\/span><a href=\"https:\/\/www.cnbc.com\/2023\/02\/23\/nvidias-a100-is-the-10000-chip-powering-the-race-for-ai-.html\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">market<\/span><\/a><span style=\"font-weight: 400\"> price of $10,000, small companies that are not heavily funded may have difficulties in obtaining this important piece of hardware for data-related needs. According to Osuri, the biggest selling point of Akash is its open access.\u00a0<\/span><\/p>\n<figure style=\"width: 1835px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/9ewza3Xu\/\" width=\"1835\" height=\"883\"><figcaption class=\"wp-caption-text\">AKT is currently trading at $2.7. Chart: <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">\u201cSo today, if you\u2019re a company trying to get GPUs, it\u2019s impossible,\u201d Osuri said, highlighting the difficulty companies experience acquiring big assets like the A100 GPUs that are essential for data-heavy workloads.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">In this sense, Akash succeeded in providing access to high-density computing power to small enterprises. A quick look at Akash\u2019s website reveals that A100 renting prices are only $2.08 per hour with the lowest being $0.75. This provides an edge against its competitors in the same niche as its aggressive pricing gives small companies the best bang for their buck in terms of computing power.\u00a0<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-634748\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/a_030400.png?resize=561%2C251\" alt=\"\" width=\"561\" height=\"251\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/a_030400.png?w=561 561w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/a_030400.png?w=460 460w\" sizes=\"(max-width: 561px) 100vw, 561px\"><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/solana\/solana-epic-bull-run-is-just-starting-10-catalysts-that-could-drive-sol-to-1000\/\" target=\"_blank\" rel=\"noopener \">Solana Epic Bull Run Is Just Starting \u2013 10 Catalysts That Could Drive SOL To $1,000<\/a><\/div>\n<h2><strong>Can This Growth Boost Akash Network More?<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">AKT is experiencing high price growth pressure as the network\u2019s utility grows, putting them in the limelight.\u00a0\u00a0<\/span><span style=\"font-weight: 400\">With the token\u2019s current position, we might see a return to $3 in the long run as more consumers use the platform.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, AKT\u2019s correlation with the broader market might hurt the token in the long term. However, the <\/span><a href=\"https:\/\/www.coingecko.com\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">market<\/span><\/a><span style=\"font-weight: 400\"> is continuing its gradual upward movement, giving investors and traders confidence in the long-term performance of the token.\u00a0<\/span><\/p>\n<p><em>Featured image from Verizon, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Akash Network (AKT) surged once more as the platform gained investor interest in the decentralized cloud computing scene. According to Coingecko, the token is up 20% since last week as the fear, uncertainty, and doubt the market experienced died down.\u00a0 Related Reading: Dogecoin Major Metrics Fire Bullish Signals, Can Price Cross $0.5 The platform is slowly expanding its operations with new additions to Akash that will benefit both investors and Akash service consumers alike. Along with the market\u2019s general bullishness, it seems that AKT will see tremendous growth in the long term.\u00a0 Network Utility Reaches Almost Half As Renters Double August 10th revealed that the platform\u2019s GPU utility rate has reached over 43% as renters of Akash GPUs increased. In an interview on Bare Metal Podcast, Akash Founder Greg Osuri said that the usual customers of the network are mostly smaller companies with no access to high computing power.\u00a0 Utility rate at @akashnet_ is currently \ud83d\udcf8: 43% . It&#8217;s rather consistent, so who&#8217;s renting from them? \ud83e\udd14@gregosuri gives us a hint: funded non-crypto companies that cannot get access to generalized GPU compute anywhere else.$AKT guarantees access to its market&#8217;s resources. pic.twitter.com\/0pbu8zktPd \u2014 Akash Alpha (@akashalpha_) August 9, 2024 \u201cAll of these companies\u2026how hard it is for them to get on-demand access for A100s. If you don\u2019t have a hundred million dollars in your bank account and are not funded by Amazon, Google, or Microsoft, it&#8217;s impossible to get high-density computing power,\u201d Osuri stated.\u00a0 The A100 is one of NVIDIA\u2019s top-of-the-line data-center GPUs specifically built for machine learning applications. With a market price of $10,000, small companies that are not heavily funded may have difficulties in obtaining this important piece of hardware for data-related needs. According to Osuri, the biggest selling point of Akash is its open access.\u00a0 \u201cSo today, if you\u2019re a company trying to get GPUs, it\u2019s impossible,\u201d Osuri said, highlighting the difficulty companies experience acquiring big assets like the A100 GPUs that are essential for data-heavy workloads.\u00a0 In this sense, Akash succeeded in providing access to high-density computing power to small enterprises. A quick look at Akash\u2019s website reveals that A100 renting prices are only $2.08 per hour with the lowest being $0.75. This provides an edge against its competitors in the same niche as its aggressive pricing gives small companies the best bang for their buck in terms of computing power.\u00a0 Related Reading: Solana Epic Bull Run Is Just Starting \u2013 10 Catalysts That Could Drive SOL To $1,000 Can This Growth Boost Akash Network More? AKT is experiencing high price growth pressure as the network\u2019s utility grows, putting them in the limelight.\u00a0\u00a0With the token\u2019s current position, we might see a return to $3 in the long run as more consumers use the platform.\u00a0 However, AKT\u2019s correlation with the broader market might hurt the token in the long term. However, the market is continuing its gradual upward movement, giving investors and traders confidence in the long-term performance of the token.\u00a0 Featured image from Verizon, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":634756,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[91086,91084,1020,14163,6664],"class_list":["post-634741","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-akash-network","tag-akt","tag-blockchain","tag-cloud-computing","tag-crypto"],"acf":[],"yoast_head":"\n<title>Akash Network Price Moves Up 20%, Boosting Investor Confidence<\/title>\n<meta name=\"description\" content=\"The Akash Network (AKT) surged once more as the platform gained investor interest in the decentralized cloud computing scene. 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