According to coinmarketcap, the total supply of AKT is around 388M AKT and all of them around 29% of the AKT i.e. 113M are in circulation at the moment. It holds the 276th rank according to market cap and has a market dominance of 0.17%.
At the time of writing AKT is being traded at the price of $2.29 with an increase of almost 8.77% in the last 24 hours. The maximum and minimum today are $2.29 and $2.09 respectively. The daily trading volume on the other hand has decreased by almost 22.68%. AKT had created its ATH in April 2021 and reached a price of almost $8.07. The price during the crash dropped down to a price of almost $2.28 in the month of July 2021. The price started to show reversal but like a lot of coins, it wasn’t strong enough. Overall the price is even lower than July 2021. In January, we saw an increase of almost 20%.
Technical Analysis – AKASH NETWORK (AKT)
AKT at one point was continuing the downtrend and was creating lower highs and lower lows. Soon the price started to move upwards. It wasn’t long before the price broke the structure and we were in the uptrend once again. During the drop of the price and the break of structure, AKT left an order block that got mitigated yesterday. Now the price is at a make or breakpoint.
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If the price stabilizes above this level, we can hope for a higher high which would take the price upwards to touch the equilibrium level. We can look for a retest to this order block and when it does we can take an entry into the market.
If the price of AKT doesn’t stabilize itself above this point, it can cause the price to drop down further. Lower time frame confirmations should be taken into account.
Price Prediction – AKASH NETWORK (AKT)
AKT is a good investment and is going to provide great returns. Wallet investor considers AKT to be a good investment as well. According to them, in a year the price is expected to reach a value of $2.75. In five years the price is expected to reach a value of $5.36. Traders on the other hand are very bullish on the price and think that it wouldn’t be long before AKT moves up to create a new ATH.
