- The token of decentralized cloud computing provider Akash Network (AKT) has been rising over the past two weeks due to its high social dominance.
- Data from Santiment shows that AKT’s monthly price volatility has reached an 11-week high and its daily trading volume has risen by 40%.
- Akash Network’s social dominance has increased 600% since Aug. 8, with its native token registering 10.6% gains in the last 24 hours.
Akash Network Price Surge
The token of decentralized cloud computing provider Akash Network (AKT) has been consistently rising over the past two weeks as its token’s social dominance skyrockets. AKT is up by $138% over the past 30 days and trading at $1.51 at the time of writing.
High Volatility & Trading Volume
According to data from the market intelligence platform, Santiment, AKT’s monthly price volatility has reached an 11-week high of 0.37. The last time the token’s volatility touched the 0.39 level was in early June. Moreover, AKT’s daily trading volume has risen by almost 40%, currently standing at $5.45 million.
High Social Dominance
Santiment data also reveals that Akash Network’s social dominance has been constantly surging over the past two weeks — increasing by around 600% since Aug. 8th and reaching a 32-month high of 0.41%.
Native Token Performance
The so-called “supercloud” provider’s native token registered 10.6% gains over the past 24 hours with a market capitalization of $328 million — making it one of top gainers among top 100 crypto assets in four different timelines — past 24 hours, week, month and 60 days respectively.
