{"id":22776,"date":"2023-08-08T14:36:18","date_gmt":"2023-08-08T14:36:18","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/akash-network-price-jumps-12-to-0-70-what-next-for-akt\/"},"modified":"2023-08-08T14:36:18","modified_gmt":"2023-08-08T14:36:18","slug":"akash-network-price-jumps-12-to-0-70-what-next-for-akt","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/akash-network-price-jumps-12-to-0-70-what-next-for-akt\/","title":{"rendered":"Akash Network price jumps 12% to $0.70: What next for AKT?"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/1691504126093-2925c0b5-8486-466f-b1a1-035afe634ad8-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/1691504126093-2925c0b5-8486-466f-b1a1-035afe634ad8-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/1691504126093-2925c0b5-8486-466f-b1a1-035afe634ad8-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/1691504126093-2925c0b5-8486-466f-b1a1-035afe634ad8-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">Akash Network price was up 12% in the past 24 hours.<\/li>\n<li dir=\"ltr\">The AKT\/USD pair reached highs near $0.70, and needs to flip the hurdle into support to strengthen upside momentum.<\/li>\n<li dir=\"ltr\">Hype around AI and cloud computing could add to the bullish outlook.<\/li>\n<\/ul>\n<p dir=\"ltr\">Akash Network, a decentralized marketplace for cloud computing, has seen the price of its native token AKT jump by more than 12% in the past 24 hours.<\/p>\n<p dir=\"ltr\">While the resistance level at $0.70 remains key for bears, bulls\u2019 sharp bounce over the past day has AKT trading in a positive trend. With <a href=\"https:\/\/coinjournal.net\/news\/tag\/altcoins\/\">altcoins<\/a> also mirroring Bitcoin\u2019s trajectory, the latest upsurge could be the base for a fresh attempt at recapturing the coveted $1.00 level.<\/p>\n<h2 dir=\"ltr\">Akash Network price prediction<\/h2>\n<p dir=\"ltr\">Selling pressure saw AKT lose the important $1.00 level in May 2022, with lows of $0.22 reached in May this year. Since then, bulls have hit the $0.75 zone twice in the past two months. However, rejection at the level meant a retest of support at $0.50 in mid-July.<\/p>\n<p dir=\"ltr\">Prices have however remained above an ascending trendline support, suggesting bulls are still determined to reclaim the upper hand. If price breaks above $0.75, it could go on to retest the supply wall expected at $1.00.<\/p>\n<p dir=\"ltr\">Part of the Akash Network\u2019s bullish momentum is likely to come from the launch of its Akash GPU mainnet. After successfully navigating the <a href=\"https:\/\/twitter.com\/akashnet_\/status\/1662134249988960258\" rel=\"noopener noreferrer\" target=\"_blank\">testnet<\/a> in May, with multiple AI models tested on the NVIDIA A100, Akash moved a step closer to offering the first open-source marketplace for HD GPUs.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">NVIDIA H100s remain in record-high demand, but distribution is still limited and inefficient.<\/p>\n<p>The launch of the Akash GPU Mainnet is almost here, which will create the first open-source marketplace for high-density GPUs.<\/p>\n<p>The world is ready for the <a href=\"https:\/\/twitter.com\/hashtag\/AISupercloud?src=hash&amp;ref_src=twsrc%5Etfw\">#AISupercloud<\/a>. <a href=\"https:\/\/t.co\/y6OTupy9iZ\">https:\/\/t.co\/y6OTupy9iZ<\/a><\/p>\n<p>\u2014 Akash Network (@akashnet_) <a href=\"https:\/\/twitter.com\/akashnet_\/status\/1687139561174966279?ref_src=twsrc%5Etfw\">August 3, 2023<\/a><\/p>\n<\/blockquote>\n<p dir=\"ltr\">Excitement for what could be AI Supercloud, fueled by massive predictions for the artificial intelligence industry, will likely cascade into the AKASH market.<\/p>\n<div class=\"fr-img-space-wrap\"><span class=\"fr-img-caption fr-fic fr-dib fr-draggable\" style=\"width: 700px\"><span class=\"fr-img-wrap\"><\/p>\n<p dir=\"ltr\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/media.igms.io\/2023\/07\/08\/1691503576404-f7118642-114b-4000-bc00-15b0ae54997c.png\" style=\"width: 700px\" class=\"fr-fic fr-dib\" width=\"700\" height=\"267\"\/><span class=\"fr-inner\">Akash Network price chart. Source:\u00a0<a href=\"https:\/\/www.tradingview.com\/x\/xZIlONgz\/\" rel=\"noopener noreferrer\" target=\"_blank\">TradingView<\/a><\/span><\/p>\n<p><\/span><\/span><\/p>\n<p class=\"fr-img-space-wrap2\">The daily RSI indicates that momentum remains with the bulls, a scenario likely to be helped by a strengthening of the MACD indicator.\u00a0<\/p>\n<p class=\"fr-img-space-wrap2\">Also key is the continued support of the 50-day exponential moving average, currently providing a base at $0.57.<\/p>\n<\/div>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/akash-network-price-outlook-can-bulls-push-for-1\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Akash Network price was up 12% in the past 24 hours. The AKT\/USD pair reached highs near $0.70, and needs to flip the hurdle into support to strengthen upside momentum. Hype around AI and cloud computing could add to the bullish outlook. Akash [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":22777,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/22776"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=22776"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/22776\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/22777"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=22776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=22776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=22776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}