BREAKING: Akash Network (AKT) has exploded 24% higher in the past 24 hours, reaching $0.57553 as of 10:22 AM UTC on March 18, 2026, according to real-time market data.
The decentralized cloud computing platform token has seen remarkable momentum, with a 24-hour trading volume of $64.7 million—a significant surge that indicates heightened trader interest in the project.
Key Price Movements
AKT reached a 24-hour high of $0.575263 before slight consolidation, representing a sharp recovery from its daily low of $0.460025. The token has now gained 36.8% over the past week and an impressive 75.8% over the past 30 days.
The price surge has added approximately $30.9 million to Akash Network’s market capitalization, which now stands at $166.4 million. This places AKT at rank #202 among all cryptocurrencies by market cap.
Trading Activity Intensifies
The $64.7 million in 24-hour trading volume represents substantial activity for the decentralized cloud computing token. Additionally, AKT posted a remarkable 10.4% gain in just the past hour, suggesting accelerating buying pressure.
With 289.25 million AKT tokens in circulation out of a maximum supply of 388.54 million, the current price represents a 92.9% discount from the all-time high of $8.07 reached in April 2021. However, the token has surged 248% from its all-time low of $0.165 recorded in November 2022.
What is Akash Network?
Akash Network operates as a decentralized cloud computing marketplace, positioning itself as an alternative to centralized cloud providers. The platform allows users to buy and sell computing resources in a peer-to-peer marketplace, with AKT serving as the native token for transactions and network governance.
Market Context
The surge comes amid renewed interest in decentralized infrastructure projects as blockchain technology continues to mature. The 75.8% monthly gain suggests sustained momentum rather than a single-day pump, though traders should exercise caution given the volatile nature of cryptocurrency markets.
The fully diluted valuation of $166.8 million indicates relatively modest room for token inflation compared to the current market cap, as most of the maximum supply is already in circulation.
This is a developing story. Price data current as of March 18, 2026, 10:22 AM UTC.
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About the Author: Ananya Melhotra
