Akash is an open network that lets users buy and sell computing resources securely and efficiently
The Akash Network comprises key components: Akash Providers, managing infrastructure and Kubernetes clusters;
Akash Network, a versatile platform similar to Airbnb for data centers, offers cost-efficiency, choice, standardized resources, open-source principles, and community involvement;
Akash Tenants, deploying apps as Docker containers, benefiting from decentralized deployment.
Reward-
Stakers are rewarded proportional to the number of tokens staked, the length of lockup time, and the overall tokens staked in the system.
Reserve- Fees on Akash can be settled using many currencies, including AKT.
AKTUSD showed a minor pullback after a major correction.
Any daily close above $4 confirms further bullishness.
AKTUSD gained more than 10% today after a massive sell-off. The pair holds above the short-term (21 and 55 EMA) and below long-term moving average in the hourly chart. It hit a high of $3.125 and is currently trading around $2.99.
The bullish invalidation can happen if the pair closes below $2.50. On the lower side, the near-term support is $2.50.Any close below targets $2/$1.495.
The pair's near-term resistance is around $3.42. Any breach above confirms minor bullishness. A jump to $4/$4.36/$5 is possible. A surge past $5 will take it to $6.50.
It is good to buy on dips around $2.80 with SL around $2.50 for TP of $4.
