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Highlights
- Ankr crypto acts as a decentralised blockchain platform provider which allows the nodes to be distributed across various PoS networks.
- As it offers a suite of Web3 tools, it allows the developers, applications and stakers to explore blockchains through one decentralised platform.
- The ANKR crypto on 25 August was up by 10.89%, with an impressive volume gain of over 630%.
After witnessing bearish sentiments over the past week, Ankr crypto (ANKR) seems to be back to its green days today. Ankr crypto acts as a decentralised blockchain platform provider which allows the nodes to be distributed across various PoS networks.
The ANKR crypto on 25 August was up by 10.89%, according to CoinMarketCap. Besides, it was also enjoying an impressive volume gain of over 630% at the time of writing (8:00 AM GMT+1).
As it offers a suite of Web3 tools, it allows the developers, applications and stakers to explore blockchains through one decentralised platform. The users who can provide a node to the Ankr Protocol are often rewarded; at the same time, those who can't offer nodes can pay and use the decentralised node network of Ankr.
Why is ANKR crypto rallying today?
The ANKR crypto seems to be rallying on the back of the global market, witnessing a recovery of 2.09%. The overall market cap stood at US$1.05 trillion, with a total crypto market volume of US$66.40 billion in the past 24 hours.
Besides, the news of what the Ethereum Merge event, scheduled for 15 September, will bring to the table has also buoyed the market. ANKR, despite the glitch, has witnessed gains of over 53% in the past 30 days, according to CoinGecko.
What makes Ankr unique is that it allows the users a lock-in period of 84-91 days after they begin to stake, and the users can also unstake the tokens and claim their rewards. At the same time, it also allows the companies to offer solutions by leveraging the computing power services, making it cost effective and secure for the end users.
ANKR's rally has given it much-needed momentum, helping its RSI rise to 53.77, indicating that the token's interest has revived.
Image credit: Trading View
Even the MACD indicators reveal a slight upward movement after it went down over the past week. Though still trailing below the signal line, the MACD line movement upwards must be heartening to the investors.
How is Ankr price faring?
The 93rd-ranked ANKR crypto on Thursday was trading at US$0.040699 with a trading volume of US$19,86,01,056 over a day. The ANKR crypto enjoyed a live market cap of US$39,32,69,450 with 9,66,28,99,378 ANKR coins in circulation.
The ANKR crypto's next target will be to breach its resistance level of US$0.0436 to make it to the next stage of the rally. While the rally is impressive, market participants must do proper market research before making critical investment decisions.
