The cryptocurrency market experienced significant movements recently. BOME led the top 100 gainers by market cap, with a 24-hour gain of over 14%. Meanwhile, AKT reached highs of $3.45. In contrast, SingularityNET, Fetch.ai, and Ocean Protocol, set to merge under the Artificial Superintelligence Alliance (ASI), were all experiencing declines of more than 10% at the time of writing.
AKT’s all-time high was $8.07 in April 2021, but in the current market cycle, it peaked at $6.22 on March 10, 2024. Positive developments surrounding Akash Network included the announcement that Crypto.com now supports AKT staking with up to 19% in rewards. Additionally, the partnership with FLock.io allows AKT holders to participate in an open and collaborative ecosystem, contributing to the training of models for on-chain rewards. Users can also contribute data and other computing resources to earn AKT.
The RenAIssance Hackathon offers rewards in AKT, USDC, and native FLock token FML. The top three models in the hackathon will earn 400 USDC and $400 worth of AKT for the winner, 300 USDC plus $300 worth of AKT for the runner-up, and 200 USDC plus $200 in AKT for the third-place model. Participants also have the chance to win 200 USDC and $200 worth of AKT for being winning validators.