{"id":432413,"date":"2023-08-23T13:43:12","date_gmt":"2023-08-23T13:43:12","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=432413"},"modified":"2023-08-23T13:43:12","modified_gmt":"2023-08-23T13:43:12","slug":"akash-network-price-forecast-akt-shrinks-2-cloud-revolution-on-blockchain","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/akash-network-price-forecast-akt-shrinks-2-cloud-revolution-on-blockchain","title":{"rendered":"Akash Network Price Forecast: AKT Shrinks 2% \u2013 Cloud Revolution on Blockchain?"},"content":{"rendered":"

Akash Network (AKT) has become one of the best performers of the past month, with its price skyrocketing by 133% in the last two weeks.<\/p>\n

For the first half of the past 30 days, the token traded sideways, with its price around $0.60. However, on August 8, its price started to increase until it reached $1.40 on August 13.<\/p>\n

This strong resistance level rejected the price down to a support at $1.15; for the next several days, the token was trapped between these two levels, fluctuating between them several times.<\/p>\n

The situation changed again on August 18 when the AKT suddenly broke the resistance, reaching $1.48.<\/p>\n

After a brief correction to $1.40, it surged again, reaching a yearly high of $1.71 on August 20. At this point, the market’s bearish nature finally caught up with it, causing it to drop to $1.30.<\/p>\n

However, the correction did not keep it down for long as it immediately started growing again, to $1.50, only to drop for the second time.<\/p>\n

\"Akash<\/p>\n

This drop was milder, only taking it to $1.34. This happened on August 20, including the yearly high, the fall, the recovery, and another correction. The token traded sideways for less than 24 hours before it surged again, reaching $1.65 on August 22.<\/p>\n

However, the market, still bearish, brought it down to $1.40 earlier today, August 23. At the time of writing, Akash Network is recovering, currently at $1.43.<\/p>\n

\"Akash<\/p>\n

Akash Network Rises Amid Positive AI Sector Forecasts<\/h2>\n

As mentioned, Akash Network saw a considerable price increase earlier this month, even when most major cryptos<\/a> were flat. At the same time, investors strongly focus on Nvidia in the US stock market as interest in its AI GPUs grows.<\/p>\n

This interest in AI technologies could also enormously benefit Akash Network, which seeks to create the world’s first decentralized AI Supercloud.<\/p>\n

The project has successfully deployed multiple AI models on its GPU Testnet. Nvidia’s GPUs have also been tested on the network as projects wish to leverage AI in dApps.<\/p>\n

With AI and blockchain continuously approaching each other, projects that deal with AI technologies<\/a> stand a much greater chance of decoupling from the crypto market’s trend-setting coins like Bitcoin and pursuing their path.<\/p>\n

yPredict Emerges as Most Popular New AI Crypto Project<\/h2>\n

Speaking of the popularity of AI<\/a>, a new presale confirms that the AI in crypto is skyrocketing. The new project, yPredict (YPRED)<\/a>, is in the middle of a presale that has managed to raise over $3.56 million at the time of writing.<\/p>\n

The project sells YPRED tokens for $0.1, which can be bought in exchange for ETH, MATIC, USDT, BNB, or via credit\/debit card.<\/p>\n

yPredict intends to be a one-stop shop for developers, analysts, and traders. Anyone who wishes to receive trading signals<\/a>, technical and fundamental analysis, or chart pattern recognition done by AI can turn to this project.<\/p>\n

AI is well-known to be much faster and more precise at noticing patterns and signals than humans, and relying on projects like YPRED could benefit new traders<\/a>.<\/p>\n

The project offers state-of-the-art predictive models and data insights built by the top developers in the field.<\/p>\n

This service can go beyond financial markets, providing participants with an unbeatable edge in other industries, including health and HR.<\/p>\n

Related<\/h3>\n