Hey All,
Its been almost three months that I have been holding the Akash Network #AKT token. Long story short, I exited from the cosmos meme coin Chihuahua ($HUAHUA) - The Cosmos Meme Coin and sold all 3+ Million $HUAHUA tokens back then to swap it for Akash Network #AKT Token. Here is the post back then where I talked about - Investing in Akash Network #AKT Token - My Strategy Ahead... Yes, at that point in time #AKT used to trade around $1.60+ mark and now in this bull run it has crossed the $6+ mark recently..
AKT price back 3 months i.e. in November 2023
AKT current price
Today, Akash Network #AKT Token is up 3% and is trading around $6.05. Akash Chain has a marketcap of around $1+ Billion and 24 hours trading volume is worth $15+ Million. The total supply of #AKT token is around 388+ Million which is a very thin supply - the token hit its all time high in Apr 06, 2021 (over 2 years) where it traded around $8.07 so almost getting closer to its all time high price here. Lets delve into some basic understanding of Akash Network - is secured by a Proof-of-Stake (PoS) blockchain, and AKT is used to secure the network by staking. Staking AKT provides a passive income stream for stakers which currently if I am not mistaken the APR is above 8%. The staking increases the security of the network overall. Well for me now its all over as I have booked the profit and currently thinking what should be done with sale proceeds which is more then $2.6K+.
What's coming Next? After selling #AKT
To be honest, I invested in #AKT for a short period of time and was looking for immediate profits and for that reason I did not stake any of the #akt tokens. Now that the objective is achieved my next move is to move the funds to the #HIVE blockchain i.e. buy #hive and #hbd - which means building my HIVE wallet overall. I want to get to a point of having 25K+ #HBD in savings hence this sale proceeds will bring me close to my goals that I have set for #HIVE. Right now the funds remain on the Osmosis chains and will gradually move #usdc over to binance to swap it for #hive that's the short term plan..until then its #BUILD & #HODL for the moment.. cheers
Have your say on - Akash Network #AKT Token...
Are you invested in Akash Network token #AKT? Howz your investing looking like and what is the plan ahead. Let me know your views in the comment section below..cheers
#akash #coins #akt #staking #defi #cloud #cloudcomputing #network
Sold Akash Network #AKT token - Booked Profit - What's coming Next? Am I Buying #HIVE?
Image Courtesy:: coingecko, osmosis, akash.network
Best Regards
PS:- None of the above is a FINANCIAL Advice. Please DYOR; Do your own research. I've an interest in Blockchain & Cryptos and have been investing in many emerging projects..cheers