The current crypto-market climate is reminiscent of the Californian gold rush of the mid-1850s when hundreds of prospectors and their families flocked to the west in the hopes of striking it rich. The crypto market is comparable in that it consists of a large number of cryptocurrencies, each with its unique flavor, all attempting to “strike at gold.” The revolutionary potential of crypto-currency is the selling pitch. One of those who believe in this revolution is Ankr.
Ankr refers to the coming revolution as Web3, and they aspire to be the forerunners. They desire a system in which there are no intermediaries or barriers that prevent users from conducting secure and frictionless transactions. Ankr’s team, led by Chandler Song, comprises of 16 people with experience working for large businesses such as Amazon, AWS, Goldman Sachs, and others.
What exactly is it? It is similar to Apple’s iCloud in terms of cloud storage and computing services. Ankr’s shared sources mechanism makes it cheaper and faster than traditional cloud services. Since 2018, Ankr has operated as a typical service provider, deploying entire nodes and validator nodes on behalf of customers and networks, as well as hosting, public RPCs, APIs, and staking.
Ankr’s huge environment is what makes it so special. It has now distributed over 25,000 node end-points to 75,000 developers and processed over $1 billion in crypto transactions per week. It supports over 50 different blockchains and L2 solutions. The company has tried its hand at proof-of-concept with cryptocurrencies like Fantom and Polygon, and has been able to make more than 20 billion RPC calls every week, with the potential to reach 80 billion in a month!
Price Movement
At the time of writing ANKR is being traded at the price of $0.1075. The price has had an increase of almost 5% in the last 24 hours. ANKR is a really strong token fundamentally. The maximum and minimum today are $0.1085 and $0.1014 respectively. The daily trading volume has decreased by almost 14%. ANKR had created its ATH in March 2021 and reached a price of almost $0.21662. Even after the reversal, ANKR still hasn’t been able to recover from the damage. It is being traded at the price it had around May.
ANKR has a circulating supply of almost 8.16B coins and a total supply of almost 10B. It is listed on coinmarketcap at rank 99th. It can be exchanged on Binance, FTX, Huobi Global.
Price Prediction – ANKR
According to wallet investor thinks that ANKR is a good investment. According to them, in one year, ANKR would be worth around $0.195. In a five-year time span, the price is expected to reach a value of $0.583.
