Key HighlightsLeading AI Cryptocurrency Tokens for 2025Bittensor (TAO)Near Protocol (NEAR)Artificial Superintelligence Alliance (FET)Render Network (RENDER)Akash Network (AKT)Is AI Crypto Investment Worthwhile? Bittensor (TAO) incentivizes participants in a decentralized machine learning ecosystem through token rewards NEAR Protocol (NEAR) develops AI-focused infrastructure on a high-speed, cost-efficient Layer 1 network Artificial Superintelligence Alliance (FET) consolidates several AI blockchain initiatives into a unified platform Render Network (RENDER) delivers a distributed GPU marketplace supporting AI and rendering workloads Akash Network (AKT) creates decentralized cloud infrastructure competing with conventional hosting services Leading AI Cryptocurrency Tokens for 2025 The intersection of artificial intelligence and blockchain technology is transforming digital asset markets. An expanding array of cryptocurrency ventures now integrate AI capabilities with distributed ledger systems, opening fresh investment avenues. Below are five notable AI-centered digital currencies deserving attention.
Bittensor (TAO) Bittensor has emerged as a premier AI-driven cryptocurrency initiative. This platform enables developers and academics to supply machine learning algorithms to a distributed network. Participants receive TAO token compensation proportional to their contributions’ utility.
Bittensor (TAO) Price The appetite for artificial intelligence computation keeps expanding. Bittensor presents an open-source counterpart to proprietary AI infrastructure controlled by major technology corporations. While the token experiences volatility, numerous investors recognize its extended-horizon promise.
Near Protocol (NEAR) Near Protocol operates as a scalable Layer 1 blockchain network that has pivoted toward artificial intelligence initiatives. This venture has committed resources to AI-centric infrastructure and developer toolsets for creating AI-enhanced decentralized applications.
NEAR delivers rapid transaction processing and minimal transaction costs, making it appealing for AI application creators. Should artificial intelligence continue propelling blockchain adoption, Near stands well-positioned to capitalize on this trajectory.
Artificial Superintelligence Alliance (FET) The Artificial Superintelligence Alliance consolidates multiple AI blockchain projects within a single comprehensive framework. Its mission involves establishing a network enabling autonomous AI agents to interact and execute functions without dependence on centralized infrastructure.
This initiative has captured investor interest through its ambitious scope and strategic vision. While implementation challenges exist, it maintains status as one of the most substantial and prominent AI ecosystems within cryptocurrency markets.
Render Network (RENDER) Developing AI models demands substantial computational resources. Render Network tackles this challenge by operating a decentralized exchange where participants can access idle GPU processing capacity from network contributors.
Initially launched as a rendering solution for visual content creators, the platform has broadened its scope to accommodate AI computing tasks amid surging graphics processor demand. Render Network bridges those requiring computational power with providers willing to monetize their hardware.
Akash Network (AKT) Akash Network functions as a distributed cloud infrastructure platform. Software developers can secure processing capacity through an open marketplace, frequently at more competitive rates than conventional cloud vendors including Amazon Web Services or Google Cloud Platform.
As artificial intelligence enterprises require additional computational infrastructure, decentralized solutions like Akash are attracting increased recognition. Though currently modest relative to entrenched cloud providers, the project has witnessed rising investor engagement.
Is AI Crypto Investment Worthwhile? AI-focused cryptocurrency ventures present elevated risk profiles compared to more mature digital assets. Numerous projects remain in nascent developmental phases, competitive pressures are substantial, and market dynamics can transform rapidly.
Long-term-oriented investors should prioritize projects demonstrating practical applications, sustained development activity, and expanding user adoption. Pursuing speculative short-term price fluctuations within this sector has proven historically hazardous.
The fusion of artificial intelligence and blockchain technology will likely persist as a dominant trend throughout upcoming years. Bittensor, Near Protocol, Artificial Superintelligence Alliance, Render Network, and Akash Network represent projects constructing foundational infrastructure for this emerging landscape.
The crypto market’s volatility in April resulted in Bitcoin and many altcoins witnessing considerable growth.
However, some altcoins missed this opportunity but are preparing to do so in May. BeInCrypto has prepared this analysis to put the spotlight on lesser-known coins that are poised for gains in the coming month.
Eyes on Theta Network (THETA)Theta Fuel (THETA) price has witnessed nothing but a drawdown throughout April and the second half of March. The altcoin fell from $3.4 to $1.9, marking a 42% correction. Consequently, the altcoin fell into a descending broadening pattern known to be bearish.
However, the Moving Average Convergence Divergence (MACD) indicator suggests differently. MACD is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price. It helps identify potential buy and sell signals based on crossovers and divergences between these moving averages.
Read More: What Is Theta Network (THETA)? A Complete Guide
The indicator has only observed bearishness for the past month, which flipped this week as the MACD witnessed a bullish crossover. This will likely initiate the uptrend on the daily chart, which could help THETA break out of the descending broadening pattern to flip $3 into support.
THETA/USDT 1-day chart. Source: TradingViewHowever, if the breach of the upper trend line fails, the altcoin could see a fall back to the lower trend line. As the pattern suggests, this would result in a potential downtrend, effectively invalidating the bullish outlook.
Ravencoin (RVN) Is at the Cusp of a BreakoutRavencoin (RVN) price is attempting recovery from the lows of $0.028 and is now aiming at flipping the 23.6% Fibonacci Retracement of $0.058 to $0.028 into support. Marked at $0.035, doing so would enable the altcoin to bounce off the price level and breach the 38.2% and 50% Fib lines.
Marked at $0.039 and $0.043, respectively, breaching them would sustain the rise and push RVN further upwards. The MACD is also at the cusp of noting a bullish crossover with green bars on the histogram. Once this crossover takes place, a potential bullish outcome could be confirmed.
RVN/USDT 1-day chart. Source: TradingViewHowever, if the 38.2% or 50% Fib levels remain unbreached, RVN could return to the 23.6% Fibonacci line, invalidating the bullish outcome. This might result in a decline to $0.028.
Akash Network (AKT) Is set to Flip Critical Resistance Into SupportAkash Network (AKT) price has been making headlines lately for its Upbit listing and the upcoming summit, which will be the first for the network. This has resulted in AKT posting an almost 74% growth in a single day before retracing the rally down to 25%.
The altcoin is now trading at $4.80, just under the 50% Fibonacci Retracement of $6.25 to $3.44. Closing above this line would enable AKT to breach the 61.8% Fib marked at $5.17. This level is also known as the bull run support floor, as rallies find strength upon branching this line.
AKT/USDT 1-day chart. Source: TradingViewThis could help AKT run up to $5.50 and beyond. However, if the breach fails or the 50% Fib level is not secured as a support floor, it could cause a decline to $4.10, effectively invalidating the bullish outcome.
The 12th edition of DePIN Day lands in Singapore this October — a global gathering spotlighting the builders and networks transforming physical infrastructure through decentralized technologies.
This year, Fluence is proud to co-host DePIN Day Singapore with Protocol Labs— one of the most innovative ecosystems in Web3. Together, we’re bringing the global DePIN community to Asia’s biggest crypto stage. Supported by key partners XYO, Mawari and Impossible Cloud Network, this edition will set the tone for what’s next in decentralized infrastructure.
Hosted during TOKEN2049, DePIN Day brings together the leading minds building real-world applications of Web3 — wireless,compute,mobility, storage.
This year’s stage in Singapore is set to feature some of the most influential voices in the ecosystem, including Tom Trowbridge and Evgeny Ponomarev (Fluence), Sam Williams (Arweave), Theo Messerer (Silencio), Neil Chatterjee (DAWN), Adam Wozney (Akash Network) and Luis Ramirez (Mawari) — with more speakers to be announced soon.
After welcoming 1,500+ participants across DePIN Days in Denver, Hong Kong and Dubai earlier this year, DePIN Day continues to grow as a space for connection, collaboration, and shared momentum across the global DePIN ecosystem.
With over 1,000 active projects globally, the demand for spaces like this — where builders and thinkers can meet face to face — has never been higher.
We’re curating a full-day program featuring community-led talks, technical panels, and conversations that push the industry forward.
An Ecosystem on the Rise Over the past year, DePIN has emerged as one of the most transformative sectors in crypto, with over 1,000 active projects and millions of individual providers reshaping infrastructure — cloud computing, wireless connectivity, mapping, energy and storage.
In March 2025, co-founder of Fluence Tom Trowbridge released the DePIN Token Economics Report, offering a comprehensive analysis of how DePIN networks are designed and incentivized. The report covers a wide range of topics including token models, reward systems, staking mechanics, governance, revenue sharing, early incentives and market-specific dynamics — providing the most detailed exploration of the DePIN economic landscape to date.
As adoption accelerates, DePIN Day Dubai becomes a crucial platform for thought leadership, showcasing where theory meets real-world traction.
📖Read the full DePIN Token Economics Report here: https://depined.xyz/report
About DePIN Day DePIN Day is a global conference series dedicated to exploring the rise of Decentralized Physical Infrastructure Networks. It brings together key players across the entire DePIN industry including wireless, sensors, energy, compute and storage to discuss how crypto-incentivized systems are reshaping global infrastructure from the ground up.
Key Takeaways Why is the AKT price outlook bearish? The trend for the altcoin has been bearish throughout 2025, and the coin will be targeting new lows due to the overall seller dominance.
What should Akash Network bulls watch out for? A price move beyond the $1 level would be the first sign that bulls were back in control. Even then, a quick recovery would likely be tough.
Distributed cloud computing protocol Akash Network [AKT] was in the news recently when it suffered no downtime while Amazon Web Services went down for hours. Its founder, Greg Osuri, celebrated this as a success.
He had also explained in a post on X that the project will migrate to a new network. They are paying attention to chains whose performance was impacted by the AWS outage, he revealed.
The protocol mentioned the burn mint equilibrium model in a post on X. The model aims to boost the structural demand for AKT and reduce effective circulating supply.
What does the price action reveal about AKT’s potential future trends?
Bearish long-term trend dismays Akash Network investors Source: AKT/USD on TradingView The weekly chart of AKT showed a long-term downtrend in progress. Even the market-wide rally in November-December 2024 failed to set new highs for the year. Instead, it fell just short of the $5 mark.
In the eleven months that followed, the price of Akash Network token has declined another 86%. The $2-$2.5 zone had been a strong support level in 2024, but was retested as resistance in May 2025.
A similar scenario may develop with the $0.78-$1 supply zone above AKT prices. The $0.766 level crumbled under selling pressure, and the $0.63 support could be the next target.
The moving averages and the RSI highlighted persistent bearish momentum in the market. The OBV was sinking toward the 2025 low, another sign of seller dominance.
Source: AKT/USD on TradingView On the 12-hour chart, the bearish outlook was just as strong. The crash beneath the psychological $1 level has left a large imbalance, aligning with the higher timeframe supply zone.
The OBV was making new lows, and the RSI continued to show firm bearish momentum.
Using the previous week’s swing move southward, a set of Fibonacci extension levels were plotted. The next price targets for AKT are $0.533 and $0.456, according to the extension levels.
Meanwhile, a move back above $1 would be needed to signal a potential halt to the downtrend. Since the long-term trend was downward, investors and traders might not want to bet on a quick recovery.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion
According to Phoenix, a crypto analytical platform, Saros ($SAROS) climbed 43.6% to become the daily top performer among Altcoins in the crypto market. $SAROS is trading at $0.11 on Bybit exchange with a market cap of $300.2M. Other projects, Akash Network ($AKT), Bluwhale ($BLUAI), Definitive ($EDGE), Clanker ($CLANKER), Arcblock ($ABT), Powerpool ($CVP), Recall ($RECALL), Kadena ($KDA), and Bsquared Network ($B2), show a positive response towards growth.
Similarly, $AKT is at the second position with a 39.6% price increase and is currently trading at $0.87. Its market cap is $216.8M on the Gate exchange. The given figures for these projects show a positive inclination towards these cryptocurrencies. This means that users are actively using these cryptocurrencies in daily life trading.
$BLUAI and $EDGE Post Parallel Gains While $CLANKER and $ABT Secure Mid-Spots $BLUAI and $EDGE, both cryptocurrencies, showed an increase in their prices of 35.0% and 33.0%, trading on the MEXC exchange and the Coinbase exchange, respectively. So, $BLUAI and $EDGE are currently trading with new prices $0.032 and $0.33, with market caps $40.0M and $69.7M respectively. They show a difference of 0.298% in their price change.
Simultaneously, $CLANKER is presently trading at $108.79 with a market value of $111.0M on the Coinbase exchange after a 29.2% increase in price over the last 24 hours. Moving forward, $ABT trades on Coinbase with a 26.4% increase in the price value over the previous 24 hours, and currently emerges with a new price $0.62 along with $60.9M market cap. These two cryptocurrencies have a central position among daily gainers over the past 24 hours, ranking.
$CVP and $RECALL Show Modest Gains amid Market Momentum Powerpool ($CVP) is struggling with the current price of $0.0092 and market cap of $296.4M, after getting an increase in the value of 21.5% on PinkSale exchange. Next one is $RECALL, which is trading on Bybit exchange, with the new price of $0.45 after a 21.4% increase in price and holding $91.9M market cap over the last 24 hours.
Furthermore, $KDA secures the 2nd last position in the daily gainer ranking with a 20.3% increase over the past 24 hours on the Binance exchange. It is currently trading in the crypto market with $0.0068 and has a market cap of $22.8M. Moreover, $B2 got last position in the daily gainer ranking over the past 24 hours, with a market cap of $84.9M and trading at $2.04 on Gate exchange after getting a 19.4% increase in price over the last 24 hours.
AUTHOR
Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.
Key Takeaways Why did AKT moon by +30% over the weekend? Broader crypto market recovery has lifted the altcoin on the charts.
Can AKT reclaim $1? Yes, it may be possible if profit-taking eases up.
Like the broader market’s recovery, Akash Network’s native token AKT fronted a massive upswing over the weekend. Bitcoin [BTC] reclaimed $115k, lifting AKT by 31% on 26 October.
However, at press time, it appeared that bulls were being rebuffed from reclaiming $1. In fact, AKT retraced some of its recent gains ahead of a likely positive macro week.
Source: AKT/USDT, TradingView Notably, reclaiming $0.85 and $1 could embolden bulls to seek the $1.5-target. But, can they extend the rally?
Whale activity meets profit-taking The latest upswing coincided with significant whale activity.
According to CryptoQuant, for instance, AKT’s extended pullback in October was marked by Big Whale Orders on the spot markets.
Source: CryptoQuant Although the indicator does not show the direction of the whale activity, their intensity may have triggered the sharp rally on Sunday.
Beyond the whale interest, this could have been a heated recovery following last week’s Amazon Web Services (AWS) cloud outage. The outage crippled several Web3 applications that depend on the provider for cloud services.
As an alternative decentralized cloud provider in the Web3 space, Akash Network remained online. In fact, the protocol used the outage to bill itself as the solution to such a single point of failure.
“Let’s turn this failure into a wake-up call.”
Source: X That being said, there seemed to be no excessive market froth that could trigger a massive liquidation risk or a reversal to be worried about.
According to the Futures Volume Bubble Map, current levels are still in a “Cooling” phase. High risk levels or readings of “Overheated” red bubbles may be associated with local tops and likely reversals.
Source: CryptoQuant Put differently, despite stalling near $0.85 after a 31% surge, AKT may attempt to clear the overhead hurdle.
However, it could take a while before the bulls regroup again and make another attempt to reclaim $1. In the past few hours alone, more tokens flowed into exchanges than out – Underscoring profit-taking during the weekend pump.
Source: CoinGlass Until the profit-taking wanes, AKT bulls may stall below $1 before pushing forward to upside targets.
Nvidia CEO Jensen Huang’s recent visit to China has sparked a sharp rally in AI-focused cryptocurrencies, as investor fears over U.S.-China tech tensions ease. The sector’s total market cap surged to $32.88 billion, led by a 35.56% gain in Virtual Protocol (VIRTUAL), with many AI coins like AIXBT, Akash Network (AKT), and Render (RNDR) also posting double-digit gains.
While large-cap AI tokens moved first, early-stage projects are now attracting growing investor interest. One of the best cryptos to buy right now is DeepSnitch AI, currently trading at $0.02032 in Stage 2 of its presale. The project has already raised more than $470,000 and ranks as Grok AI’s top-trending token of the week that can give 100x gains heading into 2025.
Nvidia CEO’s China visit sparks AI crypto sector rally Table of Contents
Nvidia CEO’s China visit sparks AI crypto sector rallyGrok AI’s top trending coins this week1. DeepSnitch AI: Grok’s pick for explosive growth2. Virtual Protocol (VIRTUAL)3. AIXBTConclusionFrequently asked questionsWhat is the best crypto to buy now according to Grok?Why did AI crypto coins pump this week?Will the US-China trade deal affect crypto prices? Jensen Huang’s visit to China sent shockwaves through the AI crypto sector this week. The Nvidia CEO’s diplomatic mission addressed mounting concerns about U.S.-China tech decoupling, particularly around semiconductor and AI infrastructure access. Markets interpreted the visit as a signal that AI development could continue despite geopolitical tensions.
The immediate impact was unmistakable. Virtual Protocol (VIRTUAL) surged 35.56% to $1.44 on October 25, becoming the top gainer among the 200 largest cryptocurrencies by market cap. But VIRTUAL wasn’t alone. The sector-wide rally pushed the total AI crypto market cap to $32.88 billion, marking one of the strongest weeks for AI tokens in recent months.
Based on a Fundstrat report published last week, analysts cited Virtuals Protocol (VIRTUAL) as uniquely positioned to capitalize on the AI agent economy, which led to a surge in investor interest and a price pump.
While established AI tokens pumped on sentiment alone, early-stage projects like DeepSnitch AI offer the same AI infrastructure exposure at a fraction of the cost. This sets up perfectly for the next section on emerging opportunities.
Grok AI’s top trending coins this week 1. DeepSnitch AI: Grok’s pick for explosive growth DeepSnitch AI is capturing Grok AI’s attention this week as smart money rotates from pumped majors into earlier-stage opportunities. While retail traders chase VIRTUAL’s 35% move or AIXBT’s rally, seasoned investors recognize something crucial: those gains are already behind us. The real alpha sits in presale projects that haven’t launched yet.
DeepSnitch AI solves a genuine problem that every crypto trader faces: information asymmetry. Whales move markets with insider intelligence about liquidity shifts, smart contract launches, and emerging opportunities. Retail traders get left holding the bag, reacting to price action after the fact.
The platform’s 5 AI agents track whale wallet movements in real-time, detect new token launches before they pump, analyze sentiment shifts across social channels, and deliver instant alerts about rug pulls and FUD storms. All of this intelligence flows directly to your Telegram and X feeds. So, there are no complex dashboards, and no technical analysis is required.
The project has already raised over $470,000 in Stage 2, validating market demand for AI-powered trading intelligence. At $0.02032, you’re entering at a valuation that’s a fraction of VIRTUAL, AIXBT, or any established AI token.
VIRTUAL pumped 35%, and it’s already at $1.44 with a substantial market cap. DeepSnitch needs to hit just $2 for a 100x return from current presale pricing. If AI tokens continue rallying, and with Thursday’s Trump-Xi meeting potentially confirming a trade truce, DeepSnitch could go parabolic.
2. Virtual Protocol (VIRTUAL) VIRTUAL posted a 35.56% gain to $1.44 on October 25, claiming the top spot among the 200 largest cryptocurrencies by market cap. The rally came directly on the heels of Nvidia CEO Jensen Huang’s China visit, which signaled continued AI infrastructure development despite U.S.-China geopolitical tensions.
The token’s weekly performance reflects broader AI sector momentum, with the pump attributed to renewed confidence in AI infrastructure projects. VIRTUAL creates a protocol for AI agents on-chain, allowing developers to build and monetize autonomous AI applications, a narrative that resonated strongly with the Nvidia news cycle.
Changelly’s analysts see upside to around $5.03 by 2030, pointing to the project’s edge in metaverse-focused AI compared to more general competitors. Still, they warn that the RSI looks overheated, so a 10-15% short-term correction wouldn’t be a surprise before the next leg up.
3. AIXBT AIXBT delivered strong double-digit weekly gains as the AI crypto sector rallied following the Nvidia CEO’s China visit. The token benefits from its positioning in AI-powered trading analytics, capturing institutional interest in blockchain-based intelligence tools.
Technical analysis shows AIXBT following VIRTUAL’s momentum, with buying pressure increasing as traders rotate into AI infrastructure plays. The correlation between AIXBT’s performance and broader AI sector sentiment remains high, suggesting the token will continue tracking sector-wide movements. Analysts project AIXBT could see further upside if AI crypto maintains momentum through Q4.
Conclusion DeepSnitch AI is rapidly emerging as one of Grok AI’s top trending coins this week, as demand for AI crypto remains elevated following the VIRTUAL-led sector rally. With over $470,000 raised in its stage two presale, the project continues to draw investors betting on the expected growth of the cryptocurrency market.
With AI tokens like AIXBT posting gains, optimism in the AI crypto sector is building fast. Grok AI has identified DeepSnitch as the best crypto to buy now, going into November, pointing to its accelerating presale performance, increasing buyer demand, and high potential for a 100x return after launch.
With interest picking up and new buyers entering daily, now is the time to secure DSNT directly from the official presale site before the next stage price increase.
Frequently asked questions What is the best crypto to buy now according to Grok? The best crypto to buy now might be DeepSnitch AI, a new token that Grok predicts could grow by 100x in 2025 based on its AI utility and early-stage presale pricing.
Why did AI crypto coins pump this week? VIRTUAL led the AI crypto sector with a 35% gain, triggering rallies across AIXBT, AKT, and RENDER. The pump followed Nvidia-related AI optimism and Bitcoin stability above $115,000.
Will the US-China trade deal affect crypto prices? Yes, positive news from the US-China trade meeting is expected to reduce market uncertainty and increase appetite for risk assets like crypto. If a deal is confirmed, it could spark a short-term rally across Bitcoin and altcoins.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
Akash Network’s AKT has surged 20.2% in 24 hours, reaching about $0.417 as trading activity accelerates ahead of the Burn-Mint Equilibrium proposal vote.
Market participation has intensified sharply, as trading volume has climbed 981.7% to $54.47M, signaling a sudden wave of speculative interest across spot markets.
The rally has coincided with the Burn-Mint Equilibrium (BME) proposal heading for an on-chain vote, a change that links token utility directly to network demand.
Under this structure, AKT used for compute deployments will be burned, which could tighten supply if network usage expands.
In addition, the upgrade introduces WASM smart contracts, allowing developers to build and iterate faster on Akash’s decentralized cloud infrastructure.
As speculation grows around the proposal’s potential impact, traders have begun positioning aggressively around AKT’s latest surge.
Breakout attempt places $0.44 resistance in focus Recent price action has shown AKT pushing beyond a prolonged consolidation phase. The chart has displayed a range between $0.289 and $0.380, where the price oscillated for several weeks before the recent breakout attempt emerged.
AKT has now climbed above the $0.380 range ceiling, turning that level into a critical structural support. However, price has begun testing the $0.44 resistance zone, which has previously rejected upward attempts.
This zone now represents the immediate barrier that buyers must overcome to sustain the breakout. The recent expansion from the range has indicated rising market participation.
However, the price reaction near $0.44 suggests that sellers still remain active at higher levels. If buyers maintain pressure above the former range boundary, the breakout structure could remain intact.
Technical indicators have begun reflecting the shift in market sentiment. The MACD indicator has crossed above the signal line, while the histogram has continued printing positive bars.
This configuration has indicated that buying pressure has strengthened after weeks of sideways consolidation. As the MACD spread widens, the indicator has shown a steady rise above the zero line.
That movement has aligned with the recent range breakout visible on the AKT chart. The indicator has also reflected an improvement in trend strength as price climbed from the $0.332 region toward $0.414.
However, the MACD structure has approached levels where short-term cooling phases often appear. Even so, sustained positive histogram bars would continue reinforcing buyer control as long as price holds above the breakout zone.
Source: TradingView Derivatives interest spikes as traders position Derivatives activity has expanded sharply alongside the rally. Open Interest has jumped 136.4% to $13.19M, showing a large inflow of leveraged positions into AKT markets.
This rise has indicated that traders have opened new contracts instead of closing exposure. Such growth often reflects rising speculative conviction around a developing price move.
As leverage increases, market volatility can intensify because liquidation levels cluster near key price zones. The Open Interest surge has also appeared during the breakout from the multi-week range.
This alignment suggests that traders have begun positioning aggressively around the potential structural shift in AKT’s market trend. However, elevated derivatives exposure can amplify price swings if positions unwind suddenly.
Source: CoinGlass Why funding rates remain deeply negative Despite the rally, derivatives positioning has shown an unusual divergence. The OI-weighted funding rate has dropped to about -0.275%, reflecting a deeply negative sentiment in perpetual markets.
Negative funding indicates that short traders currently dominate the derivatives side. In such conditions, long traders receive payments to maintain positions.
This imbalance often appears when traders anticipate a price pullback after a sharp rally. However, the divergence between rising price and negative funding highlights a crowded short side.
If AKT continues pushing higher, those positions could face pressure and forced liquidations. As a result, the derivatives imbalance has introduced the possibility of sudden volatility around current price levels.
Source: CoinGlass Conclusively, AKT now faces a decisive test near $0.44 resistance as traders evaluate the long-term impact of the Burn-Mint Equilibrium upgrade.
A sustained push above this level would signal growing confidence in the proposal’s token-utility narrative.
However, failure to break higher would suggest the market still requires stronger demand before fully pricing in the upgrade’s structural impact.
Final Summary AKT surged 20.2% to ~$0.417 as traders positioned ahead of the Burn-Mint Equilibrium proposal vote. Trading Volume jumped 981.7% to $54.47M, signaling a sharp rise in speculative spot activity
Akash Network [AKT] rallied by double digits in the past 24 hours, recording more than 14% as the daily trading volume jumped by 238%. This indicated intense buying pressure, which resulted in pushing the prices higher.
The rally follows a spike in social sentiment following their recent BME (Burn and Mint Equilibrium) proposal, which aimed to tighten supply by reducing the total number of tokens in circulation.
Will AKT continue rallying after the switch, and have the new supply dynamics changed anything in this regard?
Akash among top rebounding altcoins Akash Network was among the top altcoins that rebounded strongly after Bitcoin [BTC] briefly reclaimed $71,000.
The altcoin was third behind Flow Network [FLOW] and Bitcoin SV [BSV], which recorded 38% and 16%, respectively. This showed that altcoins were generally rebounding after a period of weakness that began toward the tail end of 2025.
Source: CryptoRank While Akash Network’s trend has followed the BME proposal, the technical outlook has similarly shown strength.
AKT breaks above a multi-month wedge pattern The daily chart showed that AKT broke above a multi-month wedge consolidation pattern. The pattern formed in May 2025 when most altcoins rallied but AKT moved sideways.
At the time of writing, buyers appeared dominant. The Bull Bear Power indicator turned positive, with a reading of 0.144. That value exceeded levels recorded during the brief uptrend seen in early 2026.
Even three days after the BME proposal surfaced, social sentiment continued rising. Sentiment readings reached 82%.
Community sentiment stood even higher. CoinMarketCap data showed 91% bullish votes from participants.
Source: AKT/USD on TradingView If the breakout is sustained, AKT price may trend toward the top of the wedge at the $2 level. However, the most likely target sat at $1, but only if the $0.60 zone is obliterated. Still, that did guarantee uptrend continuation.
AKT supply tokens trend declining The supply dynamics were also improving with the BME proposal voting ending on the 14th of March.
The data from Mintscan showed that the token supply trend had declined from 3.696 million AKT to 3.562 million tokens in just a week. This indicated supply was tightening, which is bullish if the current AKT demand continues.
Source: Mintscan Additionally, the crowd was jazzed about the full network upgrade that was coming late this month on the 23rd of March. This was putting Akash Network among trending tokens by social buzz on LunarCrush.
Final Summary AKT price surged 14% as supply tightened amid the ongoing BME proposal. AKT price was eyeing to reclaim $1, though bears at $0.60 could make this difficult.
The AI narrative is slowly taking over the crypto space, improving speeds and volume traded. Akash Network is the latest to benefit from the AI infrastructure, with its price surging 17% in 24 hours.
Akash’s AI model built by Overclock Labs was crushing other LLMs on OpenRouter. Here is how the model increased the trading activity on the network.
Akash Network’s AI model increases daily token volume As per data from OpenRouter, AkashML reached a new all-time high of 6.58 billion tokens processed in the last 24 hours. The team achieved this milestone in less than two months after launching the product.
Worth noting, processing over 5 billion tokens per day has become the norm since toward the end of April. April alone processed almost 120 billion tokens.
Source: OpenRouter The founder of Akash Network, Greg Osuri, echoed this incredible milestone. Some users were using AKT to host on the network without being aware of it. Greg wrote on X,
Its incredible what you can achieve by abstracting away crypto rails.
In addition to Greg Osuri’s backing, Forbes also supported the initiative. Forbes named Akash Network alongside Render Network [RENDER] and Bittensor [TAO] as the core AI infrastructures powering decentralized computing.
Forbes called them the layers that would eliminate the need for centralized cloud providers entirely.
As such, token trading volume on the network surged immensely and continues to do so.
Network capacity analysis The network capacity showed that there were 61 active providers, with computing power rising by almost a percent during the day. Over 11.12K CPUs were at work.
Source: Akashstats On the contrary, GPUs available had declined by 3.98%, reaching 217. Memory and storage were also down at the time of press.
AKT bulls eyeing $1 target On the charts, AKT broke out of a monthly consolidation in May following a flat moving average. The price of the altcoin rose above the 100 EMA and confirmed with a retest around the $0.60 zone.
After ranging between $0.60 and $0.65 for five days, the altcoin sprung out to a 2026 high of about $0.79. This suggested that AKT could head toward $1 as bulls’ momentum rose, as seen in the MACD bars.
Source: AKT/USD on TradingView However, the bulls were facing a test as AKT showed signs of pausing between $0.75 and $0.80. If bulls keep buying the altcoin, the $1 target may be viable. Otherwise, AKT may correct, as assets tend to do after such rallies.
Final Summary Akash Network rallies 17% after increased daily trading volume powered by its AI model. AKT bulls were eyeing the $1 price mark, which they could achieve only if they maintained current buying and trading activities.
Akash Network [AKT] fell over 12% in 24 hours as trading volume collapsed 32%, extending heavy selling pressure across markets during Friday trading.
Market capitalization also declined 13.11% to nearly $204.34 million, reflecting weakening investor confidence during the sharp retracement. Trading activity weakened further as daily volume fell 32.82% to around $9.93 million.
The decline showed that speculative participation had already cooled after AKT’s explosive rally toward the $0.90 region.
Earlier buying pressure pushed the token into a steep breakout phase. However, sellers quickly regained control after the rally overheated.
Exchange outflows deepened during the decline Spot flow data showed growing exchange outflows throughout AKT’s latest pullback. Netflows recently dropped to nearly -$293.64K, signaling that traders continued withdrawing liquidity from exchanges during the correction.
Several previous sessions also showed persistent negative netflows across the broader trend.
The structure suggested investors increasingly moved tokens away from immediate sell-side activity.
However, the market still failed to stabilize despite the continuous outflow pressure. Price weakness remained dominant as broader sentiment deteriorated across the sector.
Earlier inflow spikes briefly supported AKT’s rally phase during January and March.
Source: CoinGlass Can AKT defend key support levels? AKT lost strength after rejecting sharply below the major $0.906 resistance zone. The daily chart showed sellers aggressively defending that level after the recent vertical rally.
Price then retraced toward the critical $0.595 support region, which previously acted as a breakout level during early May. Buyers still attempted to defend that structure despite growing downside pressure.
However, AKT continued printing strong bearish candles after the rejection near local highs. The correction also erased a large portion of the breakout structure within only several trading sessions.
Earlier bullish expansion pushed the token from nearly $0.40 toward $0.90 in a rapid move. If sellers maintained control, AKT could revisit the $0.595 support again before any meaningful recovery attempt emerged.
RSI conditions weakened sharply after the indicator previously entered overheated territory above 74. The daily RSI later dropped near 52, reflecting fading bullish strength after the aggressive rally phase.
The decline suggested buying activity had already slowed considerably during the retracement.
Source: TradingView Long liquidations absorbed heavy selling pressure Liquidation data showed bullish traders absorbed most of the recent downside volatility.
Total long liquidations recently climbed above $56K, while short liquidations remained near only $1.85K. Binance alone accounted for over $37K in long liquidations during the latest flush.
Gate also recorded more than $13K in liquidated long positions across the decline. That imbalance reflected aggressive bullish exposure before the correction accelerated.
Earlier rally conditions likely encouraged traders to overleverage long positions near local highs.
However, the sudden reversal triggered rapid liquidation cascades as prices weakened sharply. Short liquidations stayed relatively low throughout the decline, showing bearish traders largely avoided major pressure during recent sessions.
The structure continued favoring sellers across the broader market environment.
Source: CoinGlass AKT’s recent decline reflected weakening speculative demand after the rally overheated near $0.90. Persistent outflows still suggested investors avoided panic selling despite the correction.
However, sellers maintained strong control below resistance. If AKT failed to defend the $0.595 support region, the broader structure could weaken further before buyers regained confidence.
Final Summary AKT’s rally weakened rapidly after rejection below the critical $0.906 resistance zone. Long liquidations increased sharply as traders reduced bullish exposure during the correction phase.
Akash Network [AKT] has been trending higher every day for the past one month or so. In fact, in the last 24 hours, AKT gained by more than 10%, regaining almost all of its losses from the 12% pullback over the weekend.
These gain pushed the altcoin’s gains for the past month to 72% as DePIN networks gained pace. I
That may be why traders are now anticipating the altcoin to reclaim the $1-mark. Here is why it is possible –
AKT’s bullish reversal continuation AKT’s daily chart revealed that Akash Network formed a bottom in the first and second quarters of the year. However, the real breakout occurred this May.
AKT appeared to have found a floor for trend continuation at the neckline of the bullish reversal pattern at $0.57. At the time of writing, its price was attempting to surpass $0.955 which would see AKT reclaim $1 and potentially higher levels.
Buyer momentum also appeared since the daily MACD bar turned green. This was confirmed by the purchase of more than 240K AKT tokens in the last 24 hours.
Source: AKT/USDT on TradingView However, the resistance level at $0.955 may delay the rally. This would make $0.57 the last area of bullish bias if the price holds above it. Otherwise, it may signal an invalidation of the ongoing bullishness.
Assessing network’s development and trading activity The trading activity of the Akash Network’s native token has also been exploding. Over the past month, it rose by more than 160% – Reaching $471.6 million. This hinted at massive capital inflows across the board.
Source: Token Terminal Additionally, core developers of the decentralized AI network increased by 3.8%, reaching 27. Code commits over the same period surged by 7.2% to 239 too.
Together, these updates suggested that more developers may be embracing the AI infrastructure. In essence, this sector has been outrunning 99% of the crypto market this month.
Key integrations into the network Finally, AKT’s social sentiment has grown too. This week, its founder Greg Osuri made a presentation at the Economist Impact AI Compute Summit in Amsterdam.
The event coincided with recent integrations into the network, which included Venice AI [VVV] and FLock.io [FLOCK]. They have been targeting decentralized AI inference in the same way that Near Protocol [NEAR] and others were rotating into it.
Put simply, the fundamentals and chain activity seemed to be in support of potential uptrend continuation. Still, traders should be wary of normal pullbacks or even sudden market shifts that may arise due to uncertainty.
Final Summary Akash Network rallied by more than 10%, extending its monthly gains to over 72% despite a pullback this weekend. Recent integrations have been key to the network’s performance over the past few weeks.
Quick Answer: Akash Network (AKT) is trading near $0.85–$0.97 as of May 2026, down approximately 89% from its all-time high of $8.08, ranking approximately #128 globally. Analyst forecasts for 2026 range from $0.50 (CoinLore bear floor) to $5.21 (CoinLore bull case), with Changelly projecting a year-average near $0.975 and DigitalCoinPrice placing AKT at $0.65–$1.96. For 2030, projections span from $1.05 (Coinbase 5% linear) to $21.11 (CoinLore aggressive bull). Key catalysts include AKT’s +24.85% weekly gain in May 2026 as the top AI/DePIN gainer, its positioning as a decentralized GPU alternative to AWS for AI training workloads, and the broader DePIN sector continuing to attract institutional attention.
Key Takeaways:
AKT gained +24.85% in May 2026 — among the top weekly crypto gainers, leading AI/DePIN sector Akash Network provides decentralized GPU compute as an alternative to AWS/Google Cloud for AI training at lower cost ATH: $8.08 — current price ~$0.90 represents ~89% drawdown; AKT needs ~9x to revisit ATH DigitalCoinPrice: AKT reached $3.90 in first week of May 2026 before correcting to $0.90 2030 moderate bull case: $1.29–$3.39 (Changelly); aggressive bull: $21.11 (CoinLore) What Is Akash Network (AKT)? Akash Network is a decentralized cloud computing marketplace and Layer 1 blockchain built on Cosmos SDK, founded by Greg Osuri and Adam Bozanich in 2018 and launched on mainnet in 2021. Its core value proposition is enabling anyone with spare compute resources — servers, data centers, or GPU rigs — to sell those resources to developers and enterprises through a permissionless marketplace, at prices typically 70–90% lower than equivalent resources on AWS, Google Cloud, or Microsoft Azure.
AKT is the native governance and staking token of the Akash Network. It is used for:
Staking: securing the network via Cosmos delegated proof-of-stake Governance: voting on protocol upgrades, parameter changes, and treasury allocations Transaction fees: paying for network operations Take rate: a portion of marketplace transaction fees accrues to AKT stakers Akash has positioned itself specifically as a decentralized GPU cloud for AI workloads — particularly model training and inference — at a time when GPU compute is in extreme global shortage. As BCR’s May 2026 weekly gains analysis noted, Akash Network gained +24.85% in the week, with analysts attributing the move to its growing role as a decentralized alternative to centralized AI compute platforms like AWS for high-performance GPU computing during AI training.
According to CoinMarketCap, AKT has a circulating supply of approximately 271 million tokens and a market capitalization of approximately $250–265 million as of May 2026.
How Does Akash Network Compare to Other DePIN Compute Protocols? Akash competes directly with other decentralized compute networks in the DePIN category, as well as indirectly with centralized cloud providers.
ProjectTokenFocusMarket CapGPU SupplyAkash NetworkAKTGeneral cloud compute (CPU + GPU)~$255M~$500M GPU supplyRender NetworkRNDRGPU rendering + AI inference~$1.5B3D/AI renderingio.netIOGPU compute marketplace~$350MMulti-provider GPUBittensorTAODecentralized AI models~$4BAI model trainingFilecoinFILDecentralized storage~$2BStorage (not compute) Akash’s advantage over Render is broader use case coverage — Akash supports general-purpose containerized workloads (Kubernetes), not just rendering. Its market cap discount vs Render and Bittensor suggests market undervaluation relative to its operational metrics — or structural concerns about monetization at enterprise scale. The Akash Supercloud processes real enterprise workloads, making it one of the few DePIN compute protocols with verified production usage beyond speculation.
Akash Network (AKT) Price Today and Market Overview MetricValue (May 2026)Price~$0.85–$0.97Market Cap~$250–265M24h Volume~$20–23MCMC Rank~#128ATH$8.08 (2024)ATH Drop~89%Circulating Supply~271M AKT As of May 29, 2026, AKT is trading near $0.85–$0.97. DigitalCoinPrice data (May 25, 2026) shows AKT at $0.90, with RSI at 66.53 (neutral territory), trading up on 17 of the past 30 days with 6.03% price volatility — suggesting moderate momentum with room for continuation. The 50-day SMA is below the current price (BUY signal) while the 200-day SMA remains above, acting as key resistance near $1.50–$2.00.
The market context in May 2026 is constructive for AI/DePIN: AKT’s +24.85% weekly gain placed it alongside Sahara AI (+42.5%) and BUILDon (+32.66%) as the strongest DePIN performers of the week. This sector rotation reflects continued investor interest in projects with genuine AI infrastructure use cases beyond pure speculation.
A critical recent data point from DigitalCoinPrice: AKT reached $3.90 in the first week of May 2026 before dropping below $2.39 — a significant volatility event illustrating AKT’s capacity for rapid moves in both directions.
AKT Price History Snapshot PeriodPrice LevelKey Event2021Launch ~$0.50–$3.00Mainnet launch on Cosmos2022Bear market $0.30–$1.502023Recovery $1–$4GPU shortage narrative2024ATH $8.08Peak AI compute demandLate 2024Correction $2–$5Early 2025Range $1.50–$4Akash Accelerate 2025Late 2025Decline to $0.60–$1.20Broad altcoin correctionMay 2026Spike to $3.90 then $0.90Volatile DePIN sector moveMay 29, 2026~$0.85–$0.97Current trading range AKT Price Prediction 2026 2026 is pivotal for Akash. The AI compute narrative is structural and growing — GPU shortages remain a real constraint for AI developers, and Akash’s marketplace pricing (70–90% below AWS) is a genuine cost advantage that enterprise clients increasingly care about.
SourceLowHighNotesCoinbase (5% linear)—$0.87Flat growth modelKraken (5% linear)—$0.89Near flatMEXC (5% flat)—$0.60March data; post-correctionPricePrediction.net—$1.49Technical modelChangelly$0.899$0.975 avgMay-based modelDigitalCoinPrice$0.65$1.96Range; year-end ~$1.51TradersUnion—$2.75Adoption-basedCoinLore$0.50$5.21Wide bull/bear range Coinbase and Kraken flat models ($0.87–$0.89) represent the floor — minimal appreciation. Changelly’s $0.899–$0.975 average and DigitalCoinPrice’s $0.65–$1.96 range represent the base recovery scenario. PricePrediction.net’s $1.49 and TradersUnion’s $2.75 reflect moderate bull cases where AI compute adoption translates into AKT demand. CoinLore’s $0.50–$5.21 range captures the full spectrum from continued correction to a full cycle reversal.
AKT Price Prediction 2027 2027 sits in the prime post-halving altcoin window. Akash’s DePIN narrative becomes increasingly credible as AI compute demand continues growing — with institutional capital potentially rotating into dedicated AI infrastructure tokens.
SourceLowHighCoinbase—$0.91PricePrediction.net$0.14$0.42Changelly$1.09$4.96 (avg $2.41)DigitalCoinPrice—$1.51CoinLore$1.76$3.63 Coinbase flat model stays near $0.91. PricePrediction.net is conservatively bearish ($0.14–$0.42). Changelly’s $1.09–$4.96 (average $2.41) and CoinLore’s $1.76–$3.63 represent the moderate-to-strong bull scenarios where Akash captures meaningful market share from centralized cloud providers. At $2.41, AKT would have appreciated roughly 2.7x from current prices — consistent with historical altcoin halving-cycle behavior.
The Akash Accelerate 2024 summit identified the intersection of DePIN and decentralized AI as the defining theme for compute infrastructure over 2025–2027, with real-world applications in finance, manufacturing, and enterprise AI training the primary adoption pathways.
AKT Price Prediction 2028 2028 is the next Bitcoin halving year — the macro trigger that has driven Akash’s previous largest cycle moves.
SourceLowHighPricePrediction.net$0.43$1.19Changelly$3.29$6.45 (avg $4.64)CoinLore—$6.78 Changelly’s $3.29–$6.45 (average $4.64) and CoinLore’s $6.78 represent a halving-cycle bull scenario where AKT trades above its current ATH. PricePrediction.net stays conservative at $0.43–$1.19. Reaching $6.45 from current prices represents approximately a 7x gain — significant but within the range of what AKT achieved from its 2022 lows to its 2024 ATH.
AKT Price Prediction 2029 SourceLowHighPricePrediction.net$2.11$12.66 (avg $7.04)Changelly$1.28$4.53 (avg $2.55) 2029 is the late-cycle bull phase. PricePrediction.net’s aggressive $12.66 maximum and $7.04 average represent a scenario where Akash has established itself as a significant enterprise GPU cloud platform with billions in annualized compute revenue. Changelly’s more conservative $1.28–$4.53 range implies moderate appreciation toward 2024 ATH levels.
AKT Price Prediction 2030 SourceLowHighCoinbase (5% linear)—$1.05Kraken (5% linear)—$1.05PricePrediction.net$0.65$2.42 (avg $1.48)Changelly$1.29$3.39TradersUnion—avg $1.16CoinLore—$21.11 Coinbase and Kraken flat floors at $1.05 represent minimal appreciation. PricePrediction.net ($0.65–$2.42), Changelly ($1.29–$3.39), and TradersUnion (~$1.16) cluster in the conservative-to-moderate recovery zone. CoinLore’s $21.11 is the aggressive bull case — requiring Akash to become a multi-billion-dollar compute marketplace competing meaningfully with AWS and Google Cloud for AI workloads by 2030. The most cited realistic 2030 range is $1.29–$6.45 across two halving cycles.
What Drives Akash Network (AKT)’s Price? AI compute demand. The global AI GPU compute market is the most powerful structural tailwind for Akash. Every major AI lab (OpenAI, Anthropic, Google DeepMind) faces GPU scarcity and cost pressure. Akash’s marketplace, priced 70–90% below AWS, directly addresses this scarcity. Growing AI training and inference workloads deployed through Akash’s marketplace create organic AKT demand.
AKT staking take rate. A percentage of all compute payments on the Akash marketplace accrues to AKT stakers as revenue. As marketplace transaction volume grows, staking yields increase — attracting more staked AKT, which tightens circulating supply. This creates a direct fundamental link between Akash’s marketplace usage and AKT’s price floor.
GPU supply additions. The supply side of Akash’s marketplace grows as more data center operators, GPU mining facilities transitioning to AI compute, and individual GPU holders connect their hardware. Network effects compound: more supply attracts more buyers; more buyers attract more supply. Tracking total GPU supply on the Akash marketplace is the most reliable indicator of fundamental platform growth.
Cosmos ecosystem development. Akash is built on Cosmos SDK and benefits from the broader Cosmos IBC (Inter-Blockchain Communication) ecosystem. Cross-chain integration with other DeFi protocols, the expansion of ATOM’s staking and governance utility, and Cosmos-native liquidity improvements all benefit AKT’s accessibility and composability.
Bitcoin halving cycles. AKT moves with strong Bitcoin correlation during macro bull phases. The 2028 halving is the next major trigger. AKT’s history — from $0.30 lows in 2022 to $8.08 ATH in 2024 — demonstrates its capacity for large percentage moves within cycles.
Enterprise adoption milestones. Specific enterprise partnerships, integration with major AI frameworks (Hugging Face, PyTorch), or government compute contracts using Akash infrastructure would represent re-rating catalysts beyond standard cycle appreciation.
Is Akash Network (AKT) a Good Investment? AKT at $0.85–$0.97 prices the world’s most functional decentralized GPU cloud marketplace at approximately $255 million — roughly 6x below its 2024 ATH of $8.08, and at a fraction of Render Network’s $1.5 billion market cap despite Akash having broader compute use cases.
The bull case: AI GPU compute demand is growing faster than centralized cloud supply. Akash’s pricing advantage (70–90% cheaper than AWS) is structural, not temporary. The Cosmos SDK architecture gives Akash proven performance and IBC composability. AKT’s staking take-rate mechanism creates an increasingly credible fundamental valuation floor as marketplace volume grows.
The bear case: enterprise cloud adoption is slow, and large enterprises prioritize AWS reliability guarantees over cost savings. AKT’s circulating supply dynamics and Cosmos staking mechanics are complex. PricePrediction.net’s conservative 2027 range of $0.14–$0.42 captures the scenario where real-world GPU workload adoption doesn’t materialize at scale.
For investors who believe decentralized AI compute infrastructure will capture a meaningful share of the $400B+ cloud compute market by 2030, AKT near its lowest levels since 2020 offers speculative exposure to that thesis at a compressed valuation relative to both its own ATH and comparable DePIN projects.
Nothing in this article constitutes financial advice. Cryptocurrency investments carry substantial risk.
Where to Buy Akash Network (AKT) Centralized exchanges (CEX):
Binance — AKT/USDT and AKT/BTC; highest global liquidity Coinbase — AKT/USD for US users Kraken — AKT/USD and AKT/EUR KuCoin — AKT/USDT with competitive fees Gate.io — AKT/USDT available globally OKX — AKT/USDT spot trading Decentralized options: AKT is a Cosmos-native token tradeable on Osmosis DEX (the primary Cosmos ecosystem DEX) and accessible through Keplr Wallet. For Ethereum users, bridged AKT is available on Uniswap via IBC bridge. The official Cosmos wallet for AKT staking is Keplr.
Staking: AKT holders can delegate to validators on the Akash Network to earn staking rewards (currently approximately 10–15% APY) plus a portion of marketplace take-rate revenue. Staking through Keplr Wallet or Cosmostation is the most common approach for self-custody stakers.
Frequently Asked Questions What is the Akash Network price prediction? For 2026, forecasts range from $0.50 (CoinLore bear floor) to $5.21 (CoinLore bull case). Changelly's May-based model projects an average near $0.975. DigitalCoinPrice targets $0.65–$1.96 with a year-end of ~$1.51. The base case consensus for 2026 is $0.87–$1.96, with above-base scenarios requiring continued AI compute narrative momentum and a Bitcoin-driven altcoin recovery in H2 2026.
How high can AKT go? In a moderate 2030 bull scenario, Changelly projects $1.29–$3.39. PricePrediction.net's maximum for 2029–2030 reaches $12.66. CoinLore's 2030 aggressive bull case is $21.11. Reaching the ATH of $8.08 from current prices represents approximately a 9x gain — achievable in the 2027–2028 halving cycle if Akash captures meaningful enterprise AI compute market share.
What is Akash Network? Akash Network is a decentralized cloud computing marketplace and Cosmos SDK blockchain where providers offer GPU and CPU compute resources and users deploy containerized workloads at 70–90% below AWS pricing. It is used for AI model training, inference, and general-purpose cloud compute. AKT is its governance and staking token with a take-rate mechanism linking marketplace revenue to staker yields. AKT gained +24.85% in May 2026 as investors recognized its role in the decentralized AI compute infrastructure stack.
What is the AKT price prediction for 2030? The 2030 range spans from Coinbase's flat $1.05 to CoinLore's aggressive $21.11. Changelly projects $1.29–$3.39. PricePrediction.net targets $0.65–$2.42. The most cited realistic planning range for 2030 is $1.29–$6.45, dependent on Akash capturing enterprise-grade AI compute workloads and two Bitcoin halving cycles providing market tailwinds.
Is Akash Network a good investment? Akash has genuine infrastructure value — a functioning decentralized GPU marketplace priced 70–90% below AWS, built on Cosmos SDK, with a staking take-rate linking marketplace revenue to AKT. At $0.90, it trades at approximately $255M market cap — well below Render Network ($1.5B) despite broader use cases. Key risks include slow enterprise cloud adoption, complex Cosmos staking mechanics, and the gap between the current SERP of developer-stage deployments and the enterprise-scale workloads needed to justify higher valuations. For investors with DePIN/AI compute conviction, AKT near its post-ATH lows offers asymmetric exposure.ShareContentThe theoretical threat of quantum computers to Bitcoin’s cryptographic security now has a dollar figure: $469 billion. That’s the value of 6.04 million BTC, or 30.2% of the total issued supply, whose public keys are exposed on-chain today and could be exploited if a sufficiently powerful quantum compastedQuick Answer: AMP is currently trading near $0.000841, down roughly 99.3% from its June 2021 all-time high of $0.1208. Third-party forecasts for 2026 range widely — from $0.0009 on the bearish end (CoinCodex) to $0.0100 on the bullish end (PricePrediction.net) — with the base-case consensus sitting pasted
Akash Network [AKT] gained more than 14% in the past 24 hours as altcoins attempted to recover from the week’s selling pressure.
The move came as Bitcoin [BTC] rose over 2.5%, lifting several higher-beta assets, including Ethereum [ETH], Ripple [XRP], Solana [SOL], and AKT.
Even so, several on-chain metrics remained mixed despite rising volume, development activity, and a technical breakout.
Can Akash Network build on this rebound? Akash Network [AKT] rebounded from a former resistance zone that had acted as a support area after May’s breakout.
AKT traded between $0.436 and $0.526 for more than a month before breaking higher and rallying toward $0.960. The $0.526 level later flipped into support and emerged as a key buying area.
The Cumulative Volume Delta (CVD) improved from negative 1.74 million to a daily peak of 337,000 AKT. That shift suggested buyers regained control after a period of sustained selling pressure.
On top of that, momentum indicators showed early signs of improvement.
Source: AKT/USD on TradingView The MACD turned positive for the first time in June on the 4-hour chart. Its signal line also crossed higher, pointing to strengthening momentum.
However, AKT still needed to reclaim the $0.70-$0.75 zone to strengthen the bullish case.
Until then, the broader short-term structure remained weak, leaving the latest move vulnerable to a pullback.
Is network activity improving again? On-chain activity painted a mixed picture, though several key metrics showed renewed growth.
Token trading volume doubled over the past two days, rising from $8.38 million to $16.25 million. Monthly trading volume also climbed 54% to $414 million.
Source: Token Terminal Development activity improved as well.
Code commits increased 20% over the past month, reaching roughly 269. That move aligned with stronger network usage.
According to DeFiLlama, fee revenue continued rising through mid-May. Peak fees reached $7,858, while daily revenue climbed to $5,186.
Source: DeFiLlama Higher fees typically reflect greater network activity, suggesting usage remained healthy during the rebound. Taken together, these metrics pointed to improving engagement across the network. Even so, sustained growth may be needed before a broader bullish trend can take shape.
Final Summary AKT recovered 14% after rebounding from a former resistance zone that has now turned into support. The $0.70-$0.75 zone remains the key area AKT must reclaim before a broader trend recovery can be considered.
Akash Network [AKT] rallied 25.33% over the past 24 hours and reached $0.7762, while trading volume surged 261.04% to $18 million. The sharp increase in participation showed that traders returned aggressively after weeks of choppy price action.
Earlier in June, AKT struggled to maintain bullish traction as sellers controlled the trend.
However, buyers reclaimed control and pushed the token away from the key demand region near $0.56.
Rising volume supported the move, which suggested genuine market interest rather than a short-lived spike.
As a result, AKT entered one of its strongest daily advances in recent weeks and regained attention across the broader altcoin market.
Why are futures sellers still active? Despite the powerful recovery, futures order flow painted a different picture beneath the surface.
Futures Taker CVD remained seller-dominant, indicating that aggressive sell orders continued outweighing market buys.
This divergence suggested that many participants used the rally to reduce exposure or secure profits rather than chase higher prices.
Although AKT advanced sharply, derivatives traders did not fully embrace the move.
Such conditions often create uncertainty because price appreciation occurs while sell-side pressure persists.
Even so, buyers absorbed that pressure effectively throughout the session. That resilience strengthened the bullish narrative in the short term.
Nevertheless, persistent seller dominance remained a factor worth monitoring because sustained rallies typically benefit from stronger buy-side participation across futures markets.
Source: CryptoQuant AKT retakes support as bulls return AKT reclaimed the major support zone around $0.567 and produced one of its strongest rebounds since the early-June decline. The recovery also lifted price above recent consolidation levels, signaling that buyers regained control of the short-term trend.
From a technical perspective, the daily MACD delivered a bullish crossover as the MACD line turned higher toward the signal line.
Histogram bars also improved significantly after an extended bearish phase, highlighting strengthening buying interest.
Price now approached the next resistance level near $0.827, which previously acted as a rejection area.
A successful break above that region could open the path toward the psychological $1.00 level shown on the chart.
However, buyers would need to defend the reclaimed $0.567 support zone to maintain the current bullish structure.
Source: TradingView Binance traders keep backing the rally Binance positioning data showed that top traders largely favored the upside despite lingering sell pressure elsewhere.
On June 14, 62.13% of top trader accounts held long positions, while only 37.87% remained short.
The resulting long-to-short ratio stood at 1.64, reflecting a clear bullish bias among experienced participants.
Throughout the recent recovery, traders steadily increased their directional exposure toward higher prices.
The positioning aligned with AKT’s breakout from support and reinforced expectations of additional gains.
Even though futures takers continued selling aggressively, Binance’s leading traders maintained confidence in the recovery.
Source: CoinGlass Final Summary AKT reclaimed key support as volume surged and bullish signals strengthened. Binance traders stayed heavily long despite continued seller-dominant futures activity.
Akash Network [AKT] remained under pressure during the latest session as sellers tightened their grip on the market. At press time, the token fell 14.14% over the past 24 hours and traded near $0.744. Despite the decline, trading activity accelerated sharply.
Daily volume climbed 70.31% to $18.85 million, showing that participants increased their activity during the sell-off rather than stepping away from the market. This combination of rising volume and falling price often reflected stronger conviction from sellers.
As a result, the latest decline appeared driven by active distribution rather than a lack of interest.
Why are AKT’s traders still leaning bullish? Sentiment among Binance traders painted a very different picture from the price action. CoinGlass analytics showed that 63.85% of accounts remained long, while only 36.15% held short positions. This pushed the Long/Short ratio to 1.77, highlighting a clear bullish bias despite the ongoing correction.
The positioning trend had strengthened over recent days as the ratio climbed from lower levels recorded earlier in June. Traders continued to increase bullish exposure even as AKT extended its losses.
The persistent long dominance showed that traders had not abandoned expectations of a broader recovery despite the recent weakness.
Source: CoinGlass AKT approaches a decisive technical zone Price structure remained constructive on the daily chart despite the recent correction.
AKT continued to hold above the key $0.676 support level, a zone that previously triggered a strong rebound toward higher resistance. Below that area, the next major support rested near $0.568. As long as buyers defended these levels, the broader recovery structure remained intact.
The chart also highlighted a major resistance barrier near $0.906. Recent attempts to challenge that zone failed, which contributed to the latest pullback. At the time of writing, RSI reflected a neutral outlook rather than outright weakness. The indicator stood at 52.09 while its signal line remained near 47.15.
Earlier in June, RSI recovered from oversold territory and crossed above its moving average, indicating improving market strength. Although RSI eased slightly during the correction, it continued to hold above the midpoint.
If buyers regain control near support, AKT could attempt another move toward the $0.906 resistance area.
Source: TradingView AKT’s liquidity concentration above $0.90 draws attention The liquidation heatmap revealed a notable concentration of liquidity above current prices. Several of the largest liquidation clusters sat between $0.90 and $0.92, with the strongest concentration positioned near $0.906.
Markets frequently gravitated toward such liquidity zones because leveraged positions accumulated around these levels. Current price action remained significantly below that cluster after the recent decline toward the $0.74 region.
However, the presence of dense liquidity overhead suggested that a recovery could attract price toward those levels if buying pressure strengthened. Closer liquidity pockets also appeared between $0.79 and $0.85, creating intermediate targets before any test of the larger resistance zone.
On the downside, liquidity remained comparatively lighter beneath current levels.
Source: CoinGlass Final Summary Binance traders remained heavily long despite Akash Network extending its recent decline. Key support held firm while major liquidity clustered near overhead resistance.
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With the new year just one day away, crypto analyst Alex Wacy (@wacy_time1) shared an overview of what he calls the best altcoins heading into 2025. The analyst, who has amassed an audience of over 190,000 followers on X, highlighted several projects that he believes have the potential to dominate in the potential coming altseason.
Best Altcoins In 2025 He begins with Render (RNDR), describing it as a decentralized GPU rendering platform for AI, metaverse, and creative content. He maintained that “Render is poised to become a key player in the virtual future,” pointing to its $3.66 billion market capitalization as evidence of investor confidence.
Following closely is Virtual, an AI-driven avatar initiative that is pegged at $3.41 billion in market cap, with Wacy touting Virtual as “the growth leader in 2024 in the virtual avatar sector” and predicting increasing adoption for metaverse, gaming, and social media applications.
Wacy also turns his attention to SEKOIA, mentioning its focus on identifying and mentoring emerging AI talent. Although smaller in scale at a $94 million market cap, this autonomous AI investment agent uses advanced pattern recognition and quantifiable predictions to gain a foothold in a competitive space.
Next in line for the best altcoins in 2025 is Pengu, which he calls “the official coin of Paddy Penguin, a major force in crypto.” Its substantial community and cultural traction reflect a hefty $2.28 billion market valuation, and its omnipresence in ETF ads combined with over 90 billion visits appear to confirm its cult-like following.
The list of best altcoins continues with Clearpool (CPOOL), a Decentralized Capital Markets Ecosystem valued at $341 million that provides insured loans to institutional borrowers in the DeFi arena through a dynamic interest model. The analyst noted that Clearpool’s approach to decentralized lending could offer a unique avenue for strategic investors.
He also spotlights Bittensor (Tao), a project intent on decentralizing AI solutions through an open ecosystem, weighed at $3.48 billion, and Hyperliquid (HYPE), a decentralized perpetuals exchange living on its own L1 with a $9.23 market cap. He describes Hype’s vision as “a high-speed, low-cost, transparent solution for perpetual futures,” though he advises caution, remarking that prospective investors should “research to understand its risks and potential.”
Io.net, which sits at $397 million, is categorized as a decentralized GPU network that reduces costs for AI developers, while CFG (Centric) aims to bridge DeFi with real-world assets. This $162 million project focuses on stable returns generated from real fiat value rather than solely leveraging volatile crypto.
Akash Network (AKT), valued at $746 million, is labeled by Wacy a “supercloud” that transforms cloud computing through a decentralized marketplace, and Ethena (ENA), at $2.69 billion, provides a synthetic dollar protocol on Ethereum, touted as “a crypto-native, bank-free solution for money.”
Wacy’s list also featured Helium (HNT) with a $1.13 billion market cap, identified for its decentralized IoT network, and Griffain in the Solana ecosystem, with a $211 million market cap, delivering scalable DeFi solutions for token swaps while upholding transparency.
The analyst also highlights Grasso (GRASS) in his list of the best altcoins for 2025 and its $683 million market cap, describing its decentralized data collection network for AI training as both functional and user-friendly. VitaDAO (VITA) is in Wacy’s focus because of its community-governed DAO funding longevity research. Its compact $54 million market cap appears poised for growth as members actively engage in decision-making and ownership, signifying a communal approach to biotech research in crypto.
Spectral, carrying a $194 million market cap, offers on-chain agents for easier application creation and includes a syntax tool that transforms natural language into Solidity. ETIGEN, or Energy Layer, at $170 million, extends novel concepts of restorative energy on Ethereum, and ONDO, with an impressive $2.83 billion market cap, aims to open up institutional-grade DeFi services and real-world asset (RWA) tokenization.
Wacy further singles out AIXTB, at $377M, which monitors crypto-related discussions via a proprietary engine to uncover high-sentiment opportunities, and Ether.fi (ETHFI), priced at $446M, which supports non-custodial ETH staking and DeFi integration. Throughout his breakdown, he underscored the cyclical nature of the crypto market, stating that these best altcoins “could see significant growth in 2025” once capital flow rotates away from Bitcoin and into high-potential altcoin narratives.
His overall thesis hinges on what he perceives as a predictable pattern in every major market cycle. “Altcoins typically pumping when BTC Dominance starts a strong downtrend,” the analyst wrote. He cited the example from 2021, when Bitcoin’s dominance fell from around 73% to 40%, triggering a monumental rally for altcoins like SOL, ADA, and DOGE.
Pointing out that current BTC dominance is about 55%, which he calls a “significant resistance zone,” he predicts a swift drop to 40% if a breakdown occurs. “As I mentioned before, my bet for the altseason is in the spring of 2025,” he said, while admitting that he also shares the common sentiment of disbelief that surrounds every cycle. “That’s okay, it means the market is doing a good job of ‘smoking people out.’ Patience friends, patience always pays off,” he concluded.
At press time, the Bitcoin dominance (BTC.D) stood at 58.02%.
Bitcoin dominance, 1-week chart | Source: BTC.D on TradingView.com Featured image created with DALL.E, chart from TradingView.com
The cryptocurrency market has been moving within a narrow range for a while, indicating that it might be an ideal time for investors to find potentially high-performing altcoins and prepare for the next bull run. Based on expert recommendations, we have compiled five high-potential altcoins that could potentially yield 10 to 50 times returns during the upcoming bull market.
Morpheus Labs (MIND)Morpheus Labs aims to simplify the creation of Blockchain and decentralized applications (dApps) through its Blockchain-as-a-Service network. By offering low-code tools and AI-powered services, Morpheus leverages significant technology trends to make Blockchain technology more accessible.
This increased accessibility is expected to lead to more projects being launched on the platform. Currently, with a market cap of $6.6 million, MIND has significant growth potential, possibly reaching a market cap comparable to Centrifuge’s $300 million.
Akash Network (AKT)Akash Network is a marketplace for renting and borrowing GPUs, a critical resource for AI and decentralized physical infrastructure networks (DePIN). The continuous demand for GPUs, especially from the AI sector, positions Akash favorably.
Recently, AKT saw a strong price increase after being listed on Upbit, a popular South Korean exchange. Akash’s decentralized GPU rental is up to 60% cheaper than centralized cloud computing providers, making it an attractive option. Currently, with a market cap of $1.1 billion and a price of $4.84, AKT is well-positioned to benefit from the growing needs of the AI and DePIN sectors.
Quant (QNT)Quant offers Blockchain solutions through its Overledger platform, an API that connects various Blockchains, facilitating easy integration and deployment of projects. Overledger supports digital currencies, cross-border payments, and supply chain logistics.
With its entire supply in circulation, QNT‘s current price is $95.22, and its market cap is $1.38 billion. Despite being 74% below its all-time high of $427, QNT’s diverse use cases and robust infrastructure indicate significant growth potential.
Oraichain (ORAI)Oraichain offers AI oracles that enhance data quality, security, and reliability by combining AI with Web3. It supports interoperability and decentralized storage by integrating EVM and Cosmos ecosystems. Oraichain also facilitates the tokenization of real-world assets (RWA).
With a price of $11.46 and a market cap of $183 million, ORAI has recorded an impressive 194% growth over the past year. Oraichain’s AI-powered solutions make it a unique player in the Blockchain space.
Kaspa (KAS)Kaspa is a Proof of Work (PoW) Blockchain that offers high speed and scalability using a blockDAG structure. Unlike traditional Blockchains, Kaspa allows multiple blocks to be created simultaneously, increasing transaction speed and volume. This makes it ideal for dApp development and micropayments.
Currently priced at $0.11 with a market cap of $2.8 billion, KAS‘s innovative approach and strong developer interest position it as a promising mid-cap gem.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
The rise of artificial intelligence (AI) and generative AI technologies has been meteoric in the past two years. For some tech-savvy people, every morning begins with the help of AI, from the smart alarm that tracks their sleep cycle to the news app that curates articles based on their interests.
But behind these seamless conveniences lies a hidden reality – these technologies are part of a growing energy crisis. As AI technologies like generative AI advance, they are not just transforming our lives; they’re demanding a huge share of the world’s electricity.
Impact of AI on Energy InfrastructuresThe challenge is stark. As one of the most energy-intensive modern IT endeavors, AI systems require considerable carbon emissions and electricity. Indeed, the world might not be ready for their demands.
In 2023, the world became acquainted with the implications of generative AI, and by 2024, its utilization in various sectors magnified. Hence, data centers that power these AI models are becoming massive consumers of electricity.
Indeed, Forbes noted that GPT-4 required over 50 gigawatt-hours to train—equivalent to 0.02% of California’s annual electricity production. Moreover, it requires 50 times more energy than its predecessor, GPT-3.
The statistics are staggering. Globally, data centers and their transmission networks now contribute to 3% of global energy consumption, emitting as much carbon dioxide as Brazil.
Moreover, the escalating energy requirements show no signs of abating. According to an International Energy Agency (IEA) projection, global electricity demand will surge from 460 terawatt-hours (TWh) in 2022 to 1000 TWh by 2026.
Read more: How To Build Your Personal AI Chatbot Using the ChatGPT API
Global Electricity Demand Projections. Source: IEAIn the United States alone, the power demand from data centers is expected to increase from 200 TWh in 2022 to 260 TWh by 2026, marking a 6% share of the country’s total power usage. Projections suggest this demand will double by 2030.
Amid this backdrop, Ayush Ranjan, CEO of Huddle01, highlighted in an interview with BeInCrypto the urgent need for solutions like DePIN (Decentralized Physical Infrastructure Network).
“AI data centers require a substantial amount of electricity for computation and cooling. If AI applications continue to grow at the current rate, we will see a significant strain on both local and global energy grids that will prove unsustainable. This burden will continue to increase as AI systems get more and more complex with time. This will again lead to higher emissions and grid instability,” Ranjan explained.
The geographic clustering of data centers compounds the challenges. For instance, Northern Virginia hosts the largest hub of data centers globally, consuming electricity equivalent to that of 800,000 homes. This concentration creates dangerous fluctuations in power demand, posing severe risks to energy infrastructures.
How DePIN Solves the ChallengesIn response, DePIN offers a promising solution by leveraging underutilized hardware resources to distribute computational tasks more efficiently. By decentralizing energy consumption and incentivizing the use of edge computing, DePIN networks could significantly alleviate the energy burden imposed by AI, offering a pathway to more sustainable and democratized access to AI resources.
Ranjan further elucidated that DePINs distribute energy consumption and workload, easing the burden on any single point. Instead of relying on huge centralized data centers, DePIN deploys multiple nodes—often utilizing underused infrastructure to offload computations closer to end-users.
“This reduces the workload on servers and spreads energy consumption more evenly across regions, easing the burden on energy grids,” Ranjan told BeInCrypto.
Currently, 84% of the data centers are concentrated around the United States, Europe, and China, making data transfers less energy efficient. However, edge computing, integral to DePIN, minimizes long-distance, energy-intensive data transfers typical of centralized data centers.
“Splitting the energy consumption across multiple devices and regions, reducing the load on data centers and energy grids by leveraging existing devices or resources to build the network will prove critical in solving this issue,” Ranjan affirmed.
Read more: What Is DePIN (Decentralized Physical Infrastructure Networks)?
Data Centers Distribution. Source: Synergy Research GroupDePin Projects Addressing AI’s DemandsAccording to Ranjan, several DePIN projects, like Filecoin Green, Akash Network, Render, and Grass, focus on addressing AI’s energy demands.
Notably, the Daylight Energy project, backed by prominent venture capitalist firm Andreessen Horowitz (a16z), aims to transform energy grid operations through distributed energy resources (DERs). This initiative enhances grid responsiveness and facilitates sustainable energy practices by leveraging real-time data from DERs such as solar panels and smart batteries.
Moreover, on September 10, Daylight Energy announced a partnership with DIMO Network to enable electric vehicles (EVs) to support power grids. This collaboration utilizes DIMO’s EV application programming interfaces (APIs) to integrate EVs into the energy management ecosystem, thereby facilitating clean energy usage and real-time energy management for all EV owners.
DePIN networks also solve other challenges of centralized infrastructure, such as frequent outages. For instance, a recent IT outage involving Microsoft and CrowdStrike disrupted major services worldwide. However, DePIN networks are less susceptible to such outages because they do not have a single point of failure.
Currently, the total market capitalization of DePIN projects stands above $20.5 billion. Additionally, the total number of DePIN devices has crossed 18 million. However, DePIN still faces scalability challenges as the mainstream adoption of these networks requires high computational power.
“Many DePINs rely on a mix of devices, from low-powered edge devices to small-scale data centers. Scaling the network and coordinating the deployed resources to match the computational power of a centralized data center remains a formidable industry challenge,” Ranjan noted.
Read more: Top 10 Web3 Projects That Are Revolutionizing the Industry
DePIN Market Cap, Volume, and Total Devices. Source: DePINscanHowever, while the idea of DePIN rescuing the world from a global energy crisis remains nascent, further innovation and adoption are essential. Ranjan believes that token incentives can help bring more adoption.
“Because of hardware limitations of edge devices to handle AI workload, wide adoption is crucial for any DePIN to scale and see a mainstream use case. Token incentives help drive intent to use and participate,” Ranjan concluded.
Indeed, as AI’s energy demands soar, DePIN offers a vital solution by decentralizing the computational load. It could substantially reduce the strain on global power infrastructures.
DePIN networks promise a more sustainable approach to managing the rising energy requirements of advanced AI systems by harnessing underused hardware and edge computing. This strategy could potentially avert an energy crisis and foster more equitable access to technology.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
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Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
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Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
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US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
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US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
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During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
