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Akash is an open network that facilitates the secure and efficient buying and selling of computing resources. Purpose-built for public utility, it is fully open-source with an active community of contributors.
The Akash Compute Marketplace is where users lease computing resources from Cloud providers before deploying a Docker container on the Akash Container Platform.
The Akash Container Platform is a deployment platform for hosting and managing containers allowing users to run any Cloud-Native application.
It is a marketplace that gives you control over the price you pay and the amenities included (we call them attributes).
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 a multitude of currencies along with AKT.
AKTUSD showed a minor pullback after a major correction.
Any daily close above $4 confirms further bullishness.
AKTUSD gained more than 65% today after a massive sell-off. The pair holds above the short-term (21 and 55 EMA) and below the long-term moving average in the hourly chart. It hit a high of $2.65 and is currently trading around $2.6648.
The bullish invalidation can happen if the pair closes below $1.50. On the lower side, the near-term support is $2.25.Any close below targets $2/$1.495.
The pair's near-term resistance is around $3. Any breach above confirms minor bullishness. A jump to $3.40/$3.85/$4/$4.36/$5 is possible. A surge past $5 will take it to $6.50.
It is good to buy on dips around $2.28-30 with SL around $1.50 for TP of $5.
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