Ankr is one of the well-performing cryptocurrencies of the day. The cryptocurrency has moved up by more than 10% during the past twenty-four hours. The token had earlier embarked on bullish momentum as November came to an end; however, the month of December started off on a bearish note. The cryptocurrency reversed its downtrend but has been in a consolidation phase. At the time of writing, the cryptocurrency stands at a price level of $0.11. The daily trading volume has shot upwards by more than 500%. It is not yet clear whether the consolidation phase will end or continue for Ankr in the upcoming days.
Major developments in 2021
The year 2021 was full of positive developments for the whole cryptocurrency market. The bulls had been riding high and all cryptocurrencies benefited from the bullish momentum. Ankr achieved various milestones during the year. The protocol was released during October which enables developers from all over the world to interact with eight popular blockchains through the end points provided by the platform. The interaction will enable developers to build top-notch decentralized applications. The eight blockchain onboarded were Near Protocol, Ethereum, Polygon, Fantom, Celo, Solana, Avalanche and Arbitrum.
The utility for the Ankr token was also improved. Moreover, the platform also acquired Fantom’s Remote Procedure Calls (RPC) – the technology that enables developers to access data from multiple blockchains. During October and December, the platform processed more than 179 billion calls which make it around 3.5 billion calls a day.
The platform has also been working closely with one of the largest chains, Binance. It achieved a milestone towards the end of the year by implementing Erigon upgrade which enabled significant improvements of the efficiency and performance of Binance Smart Chain.
Ankr was also listed on major exchanges – Coinbase, Binance and Gemini – during the year. A multi-year partnership with Sacramento Kings – an American Professional Basketball Team – was also announced and both the platforms will jointly organize many events.
Ankr: Future outlook
Many of the developments during 2021 will continue to benefit the cryptocurrency in the new year as well. For example, the partnership with Sacramento Kings will bear its fruits in 2022 as the partnership is yet to be substantiated in the form of collaborations and events. The future outlook for Ankr is bullish. According to the estimates of Digital Coin Price, the cryptocurrency is expected to be operating at a price level of $0.15 in a year’s time while the five-year projection places it at $0.48.
