At a time when most cryptocurrencies are still battling their respective bears, Akash Network (AKT) is breaking new ground in the ecosystem of digital currencies. According to information from CoinMarketCap, the protocol’s price has increased by as much as 15.66% in the last 24 hours to be $1.38 at the time of writing.
Akash Network has outperformed the majority of the most popular cryptocurrencies in circulation today, extending its weekly gains to 15%. The Akash Network is expanding in all directions with the appropriate metrics to support the bull run. The coin’s trading volume increased by 31.93% during the course of the last 24 hours, reaching an estimated $5.4 million.
A relatively new protocol called Akash Network seeks to compete with big tech in cloud-related services. Since its debut, the protocol has established a sizable presence and has been expanding its ecosystem.
Some of the basic characteristics that the protocol is displaying, such as making the full Cloudmos code base available to the public, appear to be what’s driving the present expansion. Investors are interested in Akash Network’s potential to establish itself as a key player in the decentralised cloud computing industry.
Akash Network and growth efforts
Akash Network is aiming for a significant ecosystem expansion initiative through a hackathon that just went live, similar to the majority of protocols like Solana (SOL). The protocol, known as the Akashathon, has extended the deadline for entries until September in an effort to offer some of the most creative minds in the field a chance to join its expanding network.
In the near future, other promising AI and cloud computing crypto projects may find it challenging to catch up to Akash Network’s current rate of advancement.
