Why is Ankr (ANKR) crypto gaining attention?

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Why is Ankr (ANKR) crypto gaining attention?

Why is Ankr (ANKR) crypto gaining attention?
Image source: © Alexanderushkevich | Megapixl.com

Highlights:

  • Ankr is a decentralized blockchain infrastructure provider. It operates nodes distributed across PoS networks.
  • It can be traded on exchanges like Binance, Bybit, etc.
  • It returned over 4% gains in the last seven days.

The global crypto market stayed in the positive territory on Thursday morning, rising around 1.48% to US$1.96 trillion, while volume surged 6.75% to US$97.83 billion in the last 24 hours.

The Ankr crypto also rose in line with the uptrend in the market. Its price surged over 3%, while its volume skyrocketed by more than 138% in the trailing 24 hours to Thursday morning.

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What is Ankr (ANKR) crypto and why it is gaining traction?

Ankr is a decentralized blockchain infrastructure provider and operates an array of nodes distributed across various proof-of-stake (PoS) networks globally. Its infrastructure, which powers a suite of multi-chain tools for Web3 users, helps reinforce the cryptocurrency economy.

Ankr claims to offer blockchain developers comprehensive services for APIs and a decentralized multi-chain network of Remote Procedure Call (RPC) nodes used for accessing blockchain data and executing code. It also offers tools like Ankr Scan for viewing on-chain information across blockchains.

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Its Ankr earn tool makes staking, liquid staking, and other yield-earning tasks simple and accessible to people. It claims to have created the most scalable and decentralized staking infrastructure to solve the PoS networks’ capital inefficiency. It also provides learning tools, tutorials, and documents to become a better blockchain developer.

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Ankr was founded by Chandler Song and Ryan Fang in 2017. ANKR, with capabilities of ERC-20, BEP-2, and BEP-20 tokens, is the native utility token of the Ankr protocol. It can be traded on exchanges like Binance, Bybit, Bitget, etc.

The company has recently added three RPCs to provide developers access to Harmony, Moonbeam, and Gnosis. Ankr has 15 RPC clients, making it a leader in the RPC node infrastructure.

In addition, Ankr claims to attend around six billion requests for blockchain data daily. Notably, all RPCs are currently live and accessible through the Ankr platform.

Also Read: Why NEAR Protocol (NEAR) token soared over 55% in a month?

Ankr (ANKR) crypto price and performanceData Source: CoinMarketCap.com

Bottom line:

The ANKR token was priced at US$0.07944 at 10:52 am ET on Thursday morning, up 3.33%, while its volume for the last 24 hours skyrocketed 138.41% to US$103.17 million. It has a market cap of US$648.45 million, and its fully-diluted market cap is over US$794.39 million.

The token has a max and total supply of 10 billion, and its current circulating supply is 8.16 billion. It returned gains of 4.62% in the last seven days while increasing 5.09% over the last 30 days.

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