Akash Network’s Token Surges 50% on Upbit Listing

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Lyllah Ledesma is a CoinDesk Markets reporter currently based in Europe. She holds bitcoin, ether and small amounts of other crypto assets.

Upbit is the largest cryptocurrency exchange in South Korea by trading volume. AKT currently has a market capitalization of $1.45 billion, according to data from Messari.. It’s an open network that offers users a way to buy and sell computing resources via its own marketplace. It connects server owners who need computing power to host applications with cloud computing resources.its ‘Akash summit’ on Monday, which will take place in May.

"Companies and protocols like Akash Network and Ritual are leading the way here and we expect to see more players leveraging decentralized networks for non-crypto use cases," Iyer said.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.

 

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