Akash Network (AKT) Jumps 26% as File Upload Goes Live on AkashChat

On March 12th, 2025, Akash Network boosted its AkashChat app by launching file upload capabilities via an X (formerly Twitter) post.

This upgrade transforms AkashChat from a text-only platform into a versatile communication hub, enhancing contextual understanding and streamlining workflows.

Akash (AKT) Price Jump 26%

Following the launch of file upload on Akash Network, the native token (AKT) saw a big jump in activity. In the last 24 hours, trading hit $125 million—a 192.70% increase from the day before. This shows a significant change in people’s feelings about the coin and renewed interest in the decentralized cloud service. CoinGecko data shows AKT’s price increased 26% in the last 24 hours.

Notably, AKT’s price has fluctuated widely. It hit a high of $8.07 and a low of $0.165. Right now, it’s 81.93% below its highest point and 784.26% above its lowest. This shows the risks and rewards of crypto investing.

Akash Network’s market value is now $366,337,388, making it number 1731 on CoinGecko’s list. This is found by multiplying the price by the 250 million AKT coins currently available. Notably, this only counts the coins that can be traded.

Moreover, Akash Network’s full potential value is about $367 million. This is based on all 390 million AKT coins being available. This is a long-term possibility, not a current market reflection, and depends on how the coins are released.

Compared to other cryptos, Akash Network performed well, showing great resilience. Moreover, the overall crypto market was down 9.80% in the last seven days, but AKT went up 2.90%. Similar cryptocurrencies were down 7.20%. This suggests that AKT benefits from its technology and place in the decentralized cloud market.

Akash Network File Upload Boost Enthusiasm

Previously, the lack of file sharing limited AkashChat’s functionality. Users now avoid cumbersome external file transfers, improving communication integrity and efficiency. Sharing documents, images, and other materials directly within AkashChat enriches conversations and facilitates more straightforward communication.

This feature provides essential information for work that uses reports or pictures. Users can easily share project ideas, designs, and research. It also facilitates keeping all communication in one place.

This update shows Akash Network is working to improve its apps. By focusing on what users want, it’s becoming a leader in easy-to-use decentralized technology. The file upload is a big step forward for AkashChat, and we expect more improvements in the Akash Network.

What is Akash Network?

Akash Network is a marketplace for computing power, using blockchain technology to make buying and selling computing resources safe and easy. This is unlike the big companies’ systems. Instead of one company managing everything, Akash Network has many providers offering their resources. These providers manage their equipment, giving users many choices based on their needs and budget.

Users use Akash Network to deploy apps using familiar Docker containers. This makes it easy to switch from traditional cloud services. The system is designed to be easy to use, letting users access computing resources without the hassle of managing the underlying technology.

Akash Network uses the Akash Token (AKT). AKT is used to buy and lease computing power. It’s also crucial for how the network is run, letting people vote on changes. Holding AKT helps secure the network through a Proof-of-Stake system, rewarding people for helping keep the system working.

Akash Network’s Proof-of-Stake blockchain makes it secure and transparent. Its open-source nature means the community can help improve it. Unlike the closed systems of the big cloud providers, this reduces the risk of being locked into one provider and gives users more control.

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