INTRODUCTION
Ankr is token is listed on major crypto exchanges. This is a good investment option for crypto enthusiasts.The ANKR Token, unlike other cryptocurrencies, can be staked, used to vote on proposals, and paid for accessing services from the Ankr network. Ankr has a limited supply of 10 Billion Tokens. The movement of Ankr’s price depends on its trading volume as well.
The Ankr staking platform, Ankr Earn is offering instant liquidity to users for the Binance (BNB) and Fantom (FTM) tokens they stake through the platform. This, it said, will enable them connect their staked assets to decentralised finance (DeFi) and create the chance to earn extra layers of rewards.
These latest moves comes after Ankr announced it was teaming up with internet of things platform IoTeX to build a robust global network of nodes to accelerate the development of the internet connected device project, MachineFi.
Under the deal Ankr will also incentivise IoTeX node operators to add their nodes to Ankr’s new publicly available Remote Procedure Call (RPC) in return for ANKR tokens, with the aim of creating a more extensive network.
These moves do not appear to have any direct effect on the ANKR price which today (22 February) is showing a 6% fall to $0.062. This fall halts the apparent momentum the coin had been gaining since the January mini cryptoquake which knocked 35% off its value. It is now close to the level it had at the depth of the slump.
Where next for the coin? This article will concentrate on Ankr crypto price prediction, along with a comprehensive review of its growth prospects and fundamental metrics from the overall cryptocurrency market.
The crypto market today
Ankr’s growth prospects are very much dependent on the growth of the overall crypto market so it is worth just reviewing that first.
In 2021, primary investment banks were exploring approaches to empower clients to invest in digital assets. According to CNBC, Morgan Stanley was the first influential US bank to sell bitcoin funds to its wealth management customers.
Meanwhile, Goldman Sachs proclaimed that it was preparing to launch the first bitcoin and other digital asset investment vehicles for private wealth management clients.
Despite fluctuations in performance, Bitcoin has achieved so much in its 12-year existence that it has surpassed anything on a grand scale. According to CaseBitcoin, bitcoin’s 10-year compound annual growth rate (CAGR) of 196.7% is “unmatched in financial history”.
While institutional investor activity appears to be declining, as noted by CoinDesk, institutional investors remain vital stakeholders, and some of the discoveries indicate that this will continue for at least the next few months.
However, the CoinDesk Q1 cryptocurrency report suggests that retail investor and trader interest is growing, resulting in increased flows and bullish investment trends.
Cryptocurrencies are also gaining traction as a means of payment. Elon Musk’s Tesla, which has a sizeable bitcoin investment, made headlines when it reported it would acknowledge bitcoin as a form of payment for its vehicles.
On 20 April, Venmo announced that it would accept cryptocurrencies, enabling more than 70 million users to buy, hold and sell cryptocurrency directly within the Venmo app.
Over the past few years, several well-known companies, including Microsoft, Visa and Expedia have endeavoured to accept cryptocurrencies as payments. Institutional investors, hedge fund managers and investment managers are increasingly interested in incorporating digital assets into their diverse investment portfolios.
According to Tim McCourt, global head of equity index and alternative investment products at CME Group: “CME has become the access point for institutional investors into cryptocurrency. We reached record open interest for bitcoin futures at the end of the fourth quarter [2020] and the average daily traded volume was more than 11,000 contracts.”
Ankr (ANKR) analysis: fundamentals and key points
Firstly, what is Ankr? Ankr is a high-performance computing platform invented to take advantage of unused computing resources in data centres and edge computers to facilitate developers and enterprise clients to deploy blockchain nodes quickly and at a lower cost than public cloud providers.
Public blockchains can engage their communities while also decentralising and securing their networks using the Ankr network. “The future is multi-chain, and Ankr will focus on empowering all networks as a blockchain-agnostic foundation” said the company in 2022.
Its intention is to build a one stop shop of developer tools building on its Ankr Protocol launched in 2021 while staying true to its ideals. “We will always keep our ethos of decentralising solutions and steer away from the “AWS of blockchains” mentality” it says. Key target sectors in 2022 will include decentralised gaming and metaverse apps.
With ANKR’s price rising by nearly 1,000% over the course of 2021 and nearly 700% since the coin’s launch in 2019, investors may wonder what will happen next.
Thanks to its robust technology, significant market cap and evolving cryptocurrency market momentum, it seems well-positioned to become one of the top-traded cryptocurrencies.
And what of the token? The ANKR token has seen an upsurge in use and demand lately as the Ankr project progresses, rendering a stimulus for the price to continue climbing. Investors looking for low-cost crypto investments could find the ANKR token appealing as its price, like bitcoin’s, can also profit from scarcity.
Ankr says the token will play an important role in the Ankr DAO (decentralised autonomous organisation). “Increasing the utility and governance mechanisms of the token will improve its value while adding extra incentive to grow our community and bring an ever-growing number of token holders into the fold” it says.
At the moment, 22 February 2022, there are almost 8.16 billion ANKR tokens in circulation and the cumulative supply of the token is limited to 10 billion coins.
There’s an opportunity for buyers to hop into the token as the supply cap approaches. One of the reasons behind the bitcoin price surge also lies in its scarcity, as more than 18.9 million bitcoins have been mined, bringing the total supply of bitcoins closer to the 21 million coin cap.
On 18 January it was announced that the exchange Kraken was now listing ANKR.
ANKR price prediction
Based on recent ankr coin news in March, Coinbase added ANKR tokens to be traded on its exchange. The exchange is known for its strict compliance and regulatory stance and seldom adds new cryptocurrencies to its list of offerings. This move demonstrates the strength of ankr as a digital token and the technology that underpins it.
According to Walletinvestor’s ankr price prediction as of 22 February, it could rise as much as $0.151 in a year’s time and $0.477 in five years. According to its analysts, ANKR has little to no possibility of a complete crash both in the long term and the short term, making it an “awesome” cryptocurrency for a long term (one year) investment.
According to DigitalCoin, the price of the ankr coin could rise to $0.0832 in 2022, $0.1 in 2023, and $0.12 in 2026. Ankr is a profitable investment choice, according to DigitalCoin’s analysts, and they do not anticipate a downward trend.
According to the Ankr forecast from TradingBeasts, the price of the Ankr coin may exhibit only modest growth over the next couple of years, increasing to $0.088 by the end of 2022 and $0.12 by the end of 2024.
Via this site Ankr (ANKR) price prediction – an attractive coin to watch?
