ANKR Price Analysis August 2022

ANKR is a token of the platform Ankr. Its current price is around $0.04$0.023183 by the time of writing, with a low of $0.02318, and has a market cap of 527 million dollars.

What is Ankr?

Ankr is an infrastructure that provides easy access to Web 3, to increase efficiency in blockchain infrastructures. The Ankr token (ANKR) is the native cryptocurrency powering this infrastructure.

It can be used for staking, governance, and decentralized app creation. Ankr supports over 40 types of different smart contracts. Ankr originally launched on the Ethereum blockchain, and at the time, an ANKR token (based on ERC-20) existed.

However, following a protocol update, ANKR tokens have also been made available in BEP-2 and native versions.

What is ANKR?

ANKR is the coin of the Ankr platform, which is around $0.04$0.023183 by the time of writing, with a low of $0.02318. It reached a high of $0.2133, and its current ranking is #93 according to CoinMarketCap, with a market cap of 527 million dollars.

Ankr token is the native cryptocurrency of the Ankr network, a Web 3 infrastructure platform that allows users to create and manage their nodes. Users can use these nodes for any number of proof-of-stake blockchains.

ANKR Coin Market Analysis 

ANKR has a total supply of 10,000,000,000 coins worth around $0.04$0.023183 with a market volume of 579 million dollars, whereas the market capitalization is 527 million dollars at writing. 

ANKR Price Prediction

Ankr is a good investment for the crypto community. Unlike other top traded cryptocurrencies, Ankr tokens can be used as collateral to stake, vote on projects, and buy services through their system.

On the 1D timeframe, the price action of $ANKR/USDT has broken the ascending channel resistance trendline, and we can see a good bullish move upwards. Currently, the price is getting rejected from the order block.

On-demand analysis on $ANKR or any other coin can join our Telegram channel at any time.

Ankr Price Chart August 2022
ANKR Price Chart August 2022

Closing Thoughts

Discipline and Patience are the most important components of a successful trade. According to the above analysis, the coins we discussed might make you decent gains if other market conditions prevail favorably. Again, it’s your hard-earned money that you’ll be using. Do Your Own Research before investing.

Disclaimer: Our analysis is for educational purposes.

Pratyaksh
Pratyaksh

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