Ankr is one of the top cryptocurrencies in a market that is flooded with new tokens almost every day. It currently has a standing of #100 in the whole market with a capitalization of $635 million. In the daily timeframe, the cryptocurrency reached upwards and increased by more than 7% while the trading volume has surged upwards by a staggering 350%. The daily high and low lies at $0.08 and $0.07 respectively. The upward rally comes amidst interesting developments in the network which has led to various holders giving bullish predictions for the cryptocurrency.
The past week in review
The past week has been full of developments and interesting activities which has resulted in the current uptrend for Ankr. The total stake amount on the network has reached 54,646 ETH or $198 million while 748,362 BNB – or $359 million – has been staked. The amount in ETH is the second highest globally while the BNB amount is the seventh highest in the world. This suggests a fast-growing community for the network and attractive returns are encouraging more people.
Ankr is essentially a node-hosting service. It aims on furthering the blockchain realm by enabling the utilization of shared resources on the internet. As the concept of Web 3.0 gained traction, various projects have altered their mission to attach themselves to web 3.0 as it is believed to be the future of the internet. The network is shaping itself to become a key player of web 3.0. It announced a partnership with Maxihost – a global bare metal platform – for developing and scaling the infrastructure of web 3.0. Maxihost will be utilizing Ankr’s services to monetize and fully utilize existing unused capacity for increased efficiency.
The token also got listed on Kraken US, Canada, and Australia and now that the userbase of these countries has access to the token, the surge in the community can be expected. There has also been an addition to the client of Ankr and Coin98 Wallet – now Coin98 Super App – will also be using the RPCs of the platform.
Ankr – price predictions
According to the estimates of Wallet Investor, the cryptocurrency is expected to operate at a price level of $0.16 in a year’s time while the five-year projection places it at $0.51. Digital Coin Price is also bullish on Ankr and projects a price of $0.10 by the end of the year.
