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+.
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.
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.
$1.70 may be the bargain of the decade.
Or I may be wrong.
Do Your Own Research.
I've got my new favorite altcoin.$AKT - Akash Network— Altcoin Psycho (@AltcoinPsycho) January 19, 2021
1) Live main net w/ thriving dev network
2) US, dox'd team
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
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