ANKR crypto: How high it can go following recent rally?

January 31, 2022 07:37 PM AEDT | By Manu Shankar
 ANKR crypto: How high it can go following recent rally?
Image source: © Esserdavid | Megapixl

Highlights

 

Ankr crypto (ANKR) is primarily a platform, which combines node infrastructure, staking facilities, and decentralised finance (DeFi) opportunities for its uses.

• The Ankr coin has been up 5.55% and a significant token volume of about 200% on 31 January.

• The 100th ranked Ankr crypto was still trading at US $ $0.07625 with a 24-hour trading volume of US$109,777,282 as per CoinMarketCap.

Founded by Ryan Fang Chandler Song in 2017, the Ankr crypto (ANKR) is primarily a platform that combines node infrastructure, staking facilities, and decentralised finance (DeFi) opportunities to make developing and earning easy for its uses.

 

Powered by the Ethereum blockchain network, the Ankr coin has been in hot trends following its partnership announcement with Maxihost. Ankr protocol will be utilising Maxihost’s global bare metal cloud platform to develop the Web3 platforms, apps, and other related services.

 

Also read: How similar is the recent crypto crash to 1929 Wall Street Crash? 

Ankr’s product head Josh Neuroth feels that the blockchain firm has been at the forefront of Web3 adoption with more than 200 billion requests per month. The partnership with Maxihost will expand their reach in the Latin American markets, which is often considered one of the significant drivers for nodes. With Maxihost’ significant presence in North America, Latin America it is able to support Ankr’s goals of expanding distributed global networks and improving the latency of inter-node communication.

The Ankr crypto has been up 5.55% and a significant token volume of about 200% on 31 January.

 

Why is it unique? 

 

The Ankr news of partnership with Maxihost seems to have pulled the investors to the platform. The Ankr network’s ability to provide blockchain solutions that leverage the computing power from various data centres makes it one of the unique networks in the Web3 space.

 

Also read: Wonderland (TIME) scandal: Who’s Michael Patryn & What’s he accused of?

 

Various enterprises can use its cloud computing services of the Ankr crypto that could help them utilise their idle digital resources and convert them into a good profit. This works in favour of the consumers, as it becomes cost-effective, efficient, and secure.

 

ANKR crypto: How high can it go?

 

How is Ankr price faring? 

 

Of late, ANKR has been on a bullish run with it touching its 24-hour high of US$0.08035 on Sunday. Though it had retracted since then, the 100th ranked crypto was still trading at US $ $0.07625 with a 24-hour trading volume of US$109,777,282. At the time of writing, ANKR was up by 6.53% in the last 24 hours. ANKR currently has a live market cap of US$617,779,272 with a supply of 8,162,899,378 ANKR coins.

 

Road ahead

 

Ankr made significant strides in 2021 by increasing its sync speed to 10 blocks per second, less than three days to the entire archive of nodes, and reducing storage for archive nodes from 1.7 TB to 1.2TB. Besides in December, it scaled a prominent peak when it pocketed one of the most significant partnerships -- the multi-year collaboration with NBA team Sacramento Kings.

 

Experts are now hoping to see these developments paying dividends. The experts are hopeful that with the current rally, ANKR could make a big splash in 2022, and they would be hoping that it can break into the top 80 tokens as per the market cap.


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