What are people saying about AKT? (28/08/2025)

TLDR

AKT’s price is currently down due to broader market trends affecting cryptocurrencies, despite recent positive developments in the Akash Network. Key price catalysts include:

• Market Sentiment – General bearish sentiment in the crypto market leads to price declines.
• Upcoming Upgrades – The anticipated AKT 2.0 upgrade in Q3 2025 could enhance utility and attract more users.
• Technical Indicators – Current RSI at 51 suggests a neutral market, indicating potential for both upward and downward movements.

Deep Dive

1. Market Sentiment (Bearish Impact)

• Overview: The cryptocurrency market is experiencing a downturn, with many tokens, including AKT, facing price declines. For instance, tokens like YZY and Codatta have seen significant drops of 40.80% and 17.89% respectively in the last 24 hours. This broader market trend often leads to correlated movements in altcoins.
• What this means: The current bearish sentiment can lead to a further decline in AKT’s price as investors may liquidate positions to mitigate losses. Historical examples show that during market downturns, even fundamentally strong projects can suffer significant price corrections.

2. Upcoming Upgrades (Bullish Short-Term)

• Overview: The Akash Network is set to launch the AKT 2.0 upgrade in Q3 2025, which will introduce new features such as Take/Make fees and an Incentive Distribution Pool. This upgrade aims to reward stakers and fund network growth, potentially increasing demand for AKT.
• What this means: If the upgrade is well-received, it could lead to increased user engagement and a rise in AKT’s price. For example, similar upgrades in other networks have historically resulted in price surges, as seen with Ethereum’s transition to proof-of-stake.

3. Technical Indicators (Mixed Impact)

• Overview: Currently, AKT’s RSI is at 51, indicating a neutral market condition. The Fear & Greed Index also stands at 51, suggesting a balanced sentiment among investors. This could mean that AKT is neither overbought nor oversold, allowing for potential price stability or volatility depending on market conditions.
• What this means: A neutral RSI indicates that AKT could experience price fluctuations in either direction. If the market sentiment shifts positively, AKT could see upward momentum; however, if bearish trends continue, it may face further declines.

Conclusion

The future price of AKT will hinge on the successful implementation of its upcoming upgrades and the overall market sentiment. As the crypto landscape remains volatile, will Akash Network’s innovations be enough to attract new users and investors, or will external market pressures continue to weigh down its price?