Akash Network

Today's state: Akash Network is trading at $0.648000 with a $0.2 billion market capitalization (rank #179). The price moved +0.78% over the past 24 hours and is -2.05% over 7 days; the 30-day move stands at -1.11% and the 90-day at +42.11%.

Position vs cycle: A drawdown of more than 70% from the last cycle high puts the asset firmly in deep-bear territory, where recoveries have historically required a fresh demand catalyst rather than mere mean-reversion.

Volatility and structure: 30-day realized volatility of 104.8% annualized is extreme for an asset this size. Our composite multi-horizon Price Strength reads Neutral (55/100), with a mixed multi-horizon profile and no clear directional bias.

Looking past Bitcoin alone, how closely AKT tracks the next two biggest layer-1s over 90 days indicates whether it is mostly market beta or something more independent. The daily-log-return correlations:

• Bitcoin reference: +0.49 — a moderate positive relationship.
• Ethereum reference: +0.50 — a moderate positive relationship.
• Solana reference: +0.56 — a moderate positive relationship.

When an asset correlates strongly with multiple majors, it is trading largely as market beta — the big caps set the direction and standalone outperformance is elusive. Weak or negative correlations instead signal idiosyncratic forces (its own news, sector rotation, narrative changes) capable of producing returns the broader market does not share.

Akash Network (AKT) is a cryptocurrency, traded on global digital-asset markets. It trades at $0.6480 as of the latest update, with a 24-hour move up 0.78%, placing it at rank #177 by market capitalisation among all listed digital assets. Akash Network's current market cap stands at $189.27M, a figure used by traders, analysts and institutional desks to gauge relative liquidity and risk exposure across the crypto market.

On this page you'll find a live, daily-refreshed dashboard tracking Akash Network across multiple data sources — price history going back several years, on-chain activity where available, fundamentals like circulating supply and dilution, top exchanges by volume, technical analysis using moving averages and RSI, and an algorithmic short, mid and long-term forecast. All figures are pulled from public APIs and cached locally; nothing here is investment advice.

Akash Network uses token incentives to bootstrap a physical network from the bottom up. Rather than a company building the infrastructure, individuals deploy the hardware and earn the token for the coverage or service they contribute.

By market value, Akash Network sits at rank #179 — a mid-cap asset in the broad top 250. Its focus is decentralized compute marketplace, and launched in 2020. About 75% of the maximum AKT supply is in circulation today (292.08M of 388.54M), leaving a moderate emission stream still to come. It currently trades about 94% below its all-time high of $10.35 set in September 2021, while sitting roughly 2.3× above its record low.

The token in Akash Network is the coordination layer for a physical network: it pays providers for proven coverage or usage and (in many designs) is what end-users spend to consume the service. Network value tracks real usage and provider growth rather than on-chain transaction counts.

By market value, Akash Network sits at rank #179 — a mid-cap asset in the broad top 250. Its focus is decentralized compute marketplace, and launched in 2020. About 75% of the maximum AKT supply is in circulation today (292.08M of 388.54M), leaving a moderate emission stream still to come. It currently trades about 94% below its all-time high of $10.35 set in September 2021, while sitting roughly 2.3× above its record low. Its fully-diluted valuation of $251.77M is about 1.3× the circulating market cap of $189.27M, a gap that signals issuance overhang to factor into any longer-term thesis.

In practice Akash Network rewards the people running the hardware and, in many designs, is also what customers spend to use the network's service. Whether it accrues value comes down to one race: paying demand for the service versus the emissions paid out to bootstrap supply.

Daily volume runs at about 2.7% of market capitalisation ($5.18M in the last 24 hours), in the normal band for a coin of this size and supportive of orderly entries and exits.

Akash Network's tokenomics combine its supply schedule, current circulating supply, and the relationship between circulating market cap and fully-diluted valuation. Approximately 75.2% of maximum supply is currently circulating, meaning roughly 24.8% of total potential supply remains to be issued. This implies a structural emission stream against current demand for the asset. The fully diluted valuation (FDV) of $0.3 billion stands at 1.3× the current circulating market cap of $0.2 billion. The wider this ratio, the more issuance overhang the asset faces — a structural headwind on valuation that mature assets like Bitcoin do not face but that early-cycle assets typically do.

The question that matters for a longer-term view is simple: does value accrual (burns, staking-yield reinvestment, deflationary mechanics, growing ecosystem TVL) run ahead of new issuance, or behind it? Ahead, and price can compound quietly; behind, and it leans on continuous fresh demand to soak up the supply.

At the top of the macro stack sit interest rates, dollar liquidity and risk appetite, and crypto has tended to amplify all three. Easing financial conditions and a weaker dollar have historically pulled the sector up; tightening liquidity and a firmer dollar have reliably pulled it back down.

A handful of traditional gauges tend to lead or confirm crypto moves: the dollar index (strength is a headwind), the 10-year yield (the price of risk capital), gold (an occasional fellow-traveller in debasement trades), and the S&P 500 (which often moves with crypto when liquidity, not fundamentals, is in the driver's seat).

Narrowing to Akash Network, the cleanest leading signal has usually been crypto-native liquidity — the combined trend in stablecoin supply, futures open interest and exchange turnover. When that pool of on-chain capital grows, AKT has tended to advance with it; when it drains, the move has typically gone into reverse. Given the 90-day BTC correlation of +0.49, AKT's near-term macro sensitivity will be similar to Bitcoin's — driven primarily by the same liquidity conditions and risk-asset flows.

DePIN-specific risks: a token-emission treadmill (rewards must attract hardware faster than they dilute holders), the hard problem of converting subsidised supply into paying demand, hardware and operational dependencies in the physical world, and regulatory exposure that varies by the service provided. Standard crypto-market volatility applies on top.