Akash Network's AKT token surged 15% to $0.53 on Tuesday, driven by increased investor interest in decentralized AI infrastructure. The rally comes as the sector gains attention, with AKT outperforming many of its peers, including Bittensor and Render. Trading volume for AKT spiked over 600% to exceed $45 million, highlighting the growing demand for decentralized GPU compute solutions.
The broader crypto market saw modest gains, but AI-linked tokens like AKT recorded significant moves. Analysts attribute the rally to Akash Network's role in distributed AI inference and the shift towards practical adoption of AI infrastructure. While technical indicators show mixed signals, a sustained break above $0.50 could extend the rally, with potential targets at $0.74 and beyond. However, volatility remains high, with support levels at $0.43 to $0.35.
Akash Network Token Surges 15% Amid Decentralized AI Demand
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