Akash (AKT) could go to $250 by 2025

1 yr (edited)
LeoFinance
3 Min Read
518 words

The headline may seem absurd, with Akash's current token price around $1.75 each, but I genuinely believe that a 100X or more from here is entirely possible. This post will explain my 2025 price target of $250+.

First, what is Akash?

Akash is building a decentralized cloud computing marketplace. Think Amazon Web Services (AWS) but decentralized, with a linked blockchain run by node operators (called validators) that token holders delegate to for rewards and governance. More on that in a bit.

Cloud computing is already a huge market, and has been forecast to grow to over $800 billion dollars a year by 2025. This number is important. Currently there are numerous Cloud computing providers, but the biggest are AWS, Microsoft, Alibaba and Google.

The key point is that once it's cloud marketplace is up and running, and generating revenue, token holders will start to receive an income stream, with 20% of platform fees paid out toke AKT holders. This revenue is a seperate income stream to the block rewards from delegations to validators that are already in place, and paying currently more than 50% APR.

AkashiconRGB300px.png

Time for some Math.

  • $800 billion market.
  • Lets assume Akash can capture a 1% market share (they are aiming to be much cheaper than the majors)
  • That indicates around $8 billion in revenue. 80% covers costs, pays computing providers.
  • 20% of revenue paid to token holders.
  • Maximum supply is 388,539,008 AKT tokens.
  • If the above holds true, then that means an income payment per token of $20 (rounded off)
  • At $250 price per token, that would represent an 8% dividend - excluding block and validator rewards which will also flow to holders.

Is it hard to imagine Akash capturing 1% of the cloud market, and paying token holders $20 per token per year. Dunno, I can imagine it.

$1.70 may be the bargain of the decade.

Or I may be wrong.

Do Your Own Research.

More resources.

I've got my new favorite altcoin.$AKT - Akash Network

1) Live main net w/ thriving dev network
2) US, dox'd team
3) Cosmos

I've been quietly accumulating HEAVY. Firmly believe this will be a top 100 project

Look at the team, you'll see why I'm bullishhttps://t.co/lGlQWY7xNV

— Altcoin Psycho (@AltcoinPsycho) January 19, 2021

Active Akash holders on LeoFinance: @funtraveller, @criptovios, @jk6276. To be added to this list, and be tagged in future posts, let me know in the comments.

Not Financial Advice - Do Your Own Research.

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Tweeted this out.

What happened to @poshbot?

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1 yr (edited)

I've been quietly accumulating HEAVY.

How much you have accumulated till now ? And which exchange you use ?

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I just picked some up - ahh that new experience of a new exchange and then trading BTC for LTC, adding the new withdrawal address to Binance, withdrawing the LTC, swapping that for USDT, buying AKT - I think i'll worry about the next phase tomorrow.

Somehow I seem to have ended up with another $2 worth between all those trades - guess I got lucky.

I did look into transferring USDT via Omni and ERC20 - $18 and $7 - that's a lot to pay for convenience even if you're making 4 figure purchases which I'm not, whereas LTC is nearly free.

I'm glad I came across this post - decentralised storage/ computing tokens were the next on my list to pick up!

I've had enough of pure finance tokens. They just appear a little insubstantial.

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I hppe you got a good price, up 40% since I posted this.

Which exchange did you use? Ive been trading to USDT on binance, then sending it as usdt on trx network (i know, tron) with no fee to bitmax. Low fee option that way.

Wallet options for staking are cosmostation (mobile) or Kepler (metamask like browser extension)

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I got in at about $1.80 - it's currently at $2.40 - so I'll take that as a good price, I just wanted an in.

I'll remember that trading route in. I used Bitmax.

The LTC transfer was only a few cents, but your way sounds even better!

Cheers for the tip on staking too.

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Thanks for informing about this! Now I need to register on one of these exchanges.

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Interesting. I'm working on my Google cloud certification at the moment and will check Akash out. Hope it goes as well as RUNE.

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What am I doing 12 days ago that I didn't catch this post!?!? hahaha

Anyway, I found this post through @hykss's

https://leofinance.io/@hykss/staking-akt-akash-network-ledger-wallet

About the 2025 price, actually, I more than happy if it will reach $25 ;) But thinking about the dual-income that holders will earn I can now imagine that there will be a much strong demand for the token.

I'm really excited about the coming Mainnet 2 and how it plays out.

For now, I'm compounding my staking rewards to maximize the earning potential... the price is now above $3, and even though I bought the majority of my AKTs at $0.73-$0.83... I think it's too early to make any profit at this point, especially after reading your post :D

Keep hodling!!! ;)

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I agree. This is a very promising project. I even decided that I would launch my own sites, node.js apps on Akash. And, of course, I buy AKT.

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