Akash Network AKT

What AKT actually is on-chain

Another asset tracked on this site also uses the ticker AKT: Akita Inu (Solana, hUoehi…xYbW). These are unrelated tokens with separate contracts, separate supply and separate price histories — a price alert set on one of them says nothing about the others, and a ticker search is not enough to tell them apart.

For AKT the project publishes a public source repository and an active account as @akashnet. That is a partial paper trail — enough to check claims against, not enough to audit. None of it is a quality judgement about the asset; it is simply what can be independently checked before the chart is worth looking at.

Where AKT sits in the market

#195 places Akash Network in the upper mid-cap band. Liquidity is already fragmented at this depth: a large share of real AKT volume can sit on two or three venues, so a quote on a secondary exchange may lag the primary market by seconds and by more than a basis point. Position size matters more than entry timing here.

CryptoPingAi is currently streaming 5 live AKT order books (Bybit, Gate.io, HTX, Upbit, Bithumb). That is coverage in line with a #195 ranking: enough books to cross-check a quote, few enough that one of them can dominate price formation for hours at a time. One of them is a Korean won market, so the Kimchi-premium spread between the KRW and USDT quote is visible on this page.

AKT against its all-time high

AKT trades 92.2% below its $8.07 record (on 2021-04-06), which puts a 12.8x recovery between spot and that level. A drawdown of this size is usually a structural break rather than a correction — the market that set the high and the market trading today are not the same market. Using that print as a price objective is not a conservative assumption, it is a very aggressive one. It was set 6 years ago. A reference that old says more about the cycle it belongs to than about the asset as it trades now.

AKT across its historical range

The recorded range runs 48.9x, from $0.1650 to $8.07 — wide by the standards of traditional assets, moderate for this one's class.

AKT trades roughly 3.81x above its record low of $0.1650 (on 2022-11-21). Recovery from the bottom has been limited, which means the low is still close enough to function as a real reference level rather than a historical footnote.

AKT supply structure

AKT is capped at 388.5 million AKT, of which only 292.1 million is circulating — 75.2% issued, leaving 96.5 million still to come. At that ratio the emission schedule is a primary driver of the supply story, not a footnote: new supply arrives continuously and has to be absorbed by new demand before price can hold a level.

What kind of asset AKT is

Akash Network is tagged in the AI category, which in this market is a narrative cluster before it is a technical one. Assets here tend to move together on AI sentiment — often correlating with equity-market AI news rather than with the rest of crypto — and the correlation is strongest exactly when the narrative is hottest. That makes sector rotation, not project-specific news, the usual explanation for a large move.

CoinGecko files AKT under 7 categories, including Artificial Intelligence (AI), DePIN, Osmosis Ecosystem, Proof of Stake (PoS), Archway Ecosystem. Worth flagging from the metadata: AKT is tagged as US-originated.

How to set a Akash Network alert that is worth receiving

Akash Network (AKT) — quoted on 5 venues we stream — high dated 2021-04-06 — rank #195. On this profile the condition that carries signal is thresholds anchored to the recent range rather than to the all-time high.

Full alert-design method: thresholds, RSI/MACD and volume conditions →