ankr price prediction

Ankr Price Prediction: What Can Be Expected in 2021-2030

Amazon Web Services Engineer, Chandler Song and Investment Banker at Morgan Stanley, Ryan Fang, pioneered the origin of the Ankr platform in the cryptocurrency universe, back in 2017 at the University of California, Berkeley. It is famed for its worldwide distribution since then. Ankr works on the next generation dynamics of the internet decentralization mechanism via cloud computing and robust blockchain architecture towards democratizing the internet. According to Gov Capital, Ankr price prediction over the years is projected at a bullish track, following it’s uprise by 11,000% since the beginning, and over 2,500% in 2021. 

Investors look forward to its future outcomes, while the price stands at $0.151 as on December 1st 2022, the Wednesday, Ankr price prediction 2022 is estimated at a 114.452% increase, to reach $0.32382232896229 by December 1st 2022, which means $100 invested in Ankr as on December 1st 2022 may become $214.452 by December 1st 2022! 

Facts About Ankr

  • The developers raised $14.5 million via The Initial Coin Offer (ICO) of Ankr token in 2018. 
  • Ankr positions itself as the next phase evolutionary trajectory of internet as a Web 3.0 ecosystem of development in the verticals of : 
    • Distributed networks
    • Smart contracts 
    • Decentralized applications 
  •  ANKR of the Ankr platform is a native token of ERC-20 on the Ethereum Blockchain.
  • ANKR was listed at major crypto exchanges in 2019 and it opened at a price of $0.0066 in September 2018 ICO. 
  • The top crypto exchanges to trade Ankr coins are Coinbase, Binance, Upbit, Uniswap(V2), Bittrex, Houbi Global, Digifinex, Bithumb, Mandala Exchange etc.  
  • ANKR had a prolonged fall till February 2020, reaching $0.0375, an all time low, sharp collapse owing to panic selling. But ANKR started correcting subsequently in 2020 and remained bullish for the rest of the year. 
  • The main products provided by Ankr are : 
    • Ethereum Layer 2 services 
    • StakeFi, platform for nodes of Proof of Stake (PoS) 
    • Application Programming Interface (API) services for cross-chain development 
    • Easy and Rapid deployment of nodes
  • On contrary to other cryptocurrencies, ANKR tokens can be used for : 
    • Staking
    • Payment for Ankr network services and access
    • Voting on proposals 

Ankr Price Prediction 2021-2026

ankr price prediction

Source: phemex.com

Experts foresee a growth trend of Ankr in the 2022-2026 period. As per CryptoNewZ, the Ankr crypto price prediction is as follows : 

  • The major support level is forecasted at $0.0705 in the current year. 
  • In the five year bandwidth, the 2021 end price of Ankr token may rise at an average price level of $0.095, from $0.091 to $0.132. 
  • The resistance level may be observed around $0.140 in the beginning of 2022 which may reach $0.190 by the year end. A bearish trend of consolidation can continue till 2023. 
  • In 2023, the analysts forecast Ankr to break it’s all time high, likely at a range of $0.221-$0.246 with a fresh momentum. 
  • By 2024, it is expected to reach $0.252-$0.300 level, owing to higher coin circulation and wider acceptance.
  • A rise above $0.300 is estimated to be groundbreaking, which may reach 0.434 in 2024. 
  • Ankr price prediction 2025 is suggestive that if cryptos trade at a bullish trend, Ankr may be traded in major crypto exchanges long term, forecasted to rise to $0.645 by 2026 at an average price of $0.500.

What Popular Forecast Platforms Say?

ankr price prediction

Source: investorplace.com

Ankr Price Prediction from popular forecast platforms are as follows : 

DigitalCoin

Ankr Price Prediction by DigitalCoin analysts is depicted as a long term investment. From 2021-2025, the cryptocurrency may grow to reach $0.5087.It may grow to $0.2425 by 2022 and potentially grow along 2023-2025.

TradingBeasts

It is a resounding yes by Trade beasts analysts upon Ankr Price Prediction to be a good investment. Ankr price prediction 2022 is estimated to reach $0.1898-$0.1923 from 2021 perspective. 

WalletInvestor

WalletInvestor analysts are positive of Ankr coin price prediction to rise with a long term growth potential of 103.63% in 5 years. Predicted price at 2022 is $0.258 to rise to $0.650 by the end of 2026. 

Ankr price prediction 2030 is a strong gesture of prolific growth to become one of the top-traded cryptocurrencies. Down the line in the decade, industry experts predict Ankr to reach $1.00 by 2030.

ANKR Price Analysis

ANKR price statistics (as of December 1st, 2021)

ANKR Current Price$0.152020
Market Cap$1,240,924,898.51
Circulating Supply8,162,899,378 ANKR coins
Maximum Supply10,000,000,000 ANKR coins
Market Ranking92
Daily Trading Volume $204,440,480
All-time high$0.2252 (March 28, 2021)
All-time low$0.0007108 (March 13, 2020) 
Website https://www.ankr.com/ 

Ankr Fundamental Analysis

The Ankr network is in the pursuit of bringing a great set of benefits of the sharing economy into the crypto sector, and it has had some excellent results so far in 2021. 

Just as it is feasible today to post a spare room online for visitors to book and earn some additional income, the Ankr initiative is doing the same with cloud resources and computer power. 

Ankr is based on classic blockchain architecture to ensure that the networks are powerful enough to accommodate both retail and business clients, and includes a consensus mechanism as well as an incentive scheme 

The Ankr approach to cloud services gives consumers up to 80% cost reductions, which is particularly appealing for enterprises looking to optimize the high prices of other cloud service providers. 

Furthermore, they have formed highly fascinating relationships with established blockchains such as Polkadot, Binance Smart Chain, and Harmony, which will undoubtedly bring more people on board. 

They also released Stkr in December 2020, a decentralized ETH 2.0 staking system that has staked almost 50,000 ETH at the time of writing. These factors aided the Ankr token’s amazing price run in March 2021, when it reached an all-time high of $0.2135 and nearly doubled in a matter of weeks.

The team of executives are engineers who hail from Silicon Valley and advisors that merge to become an ambitious project backed by Intel Software Guard Extension technology enabling companies to reduce costs drastically. 

The market sentiments of Ankr show that it has an anti-inflationary characteristic with limited supply of coins, hence a good long term investment. 

Also Read: How to Invest in Blockchain: Know About Investments in This Field Today

Ankr Technical Analysis

ankr price prediction

Source: thevrsoldier.com

For a novice investor, ANKR’s average price level is quite low. The Ankr coin has risen from an all-time low of about $0.00071 to an all-time high of $0.27, and has provided traders a return of over 700%.

The value of ANKR was gaining in August 2021, but a large sell-off on September 7, 2021, caused the Ankr price to plunge from $0.1259 to a low of $0.0839, reverting the bullish cycle, and the price began sliding by breaching the supports. ANKR has challenged support at $0.0735 and is attempting to regain momentum, according to short-term analysis.

The ANKR price achieved a swing high of $0.0885 in the month of November 2021, to test the resistance level, its failure to breach the resistance level resulted in a retreat in the coin. According to technical analysis, Ankr token must break through the $0.0866 resistance level before it can begin to rise. Breaking through the resistance level of $0.0909, the current price of Ankr coin might take it to the next big resistance level of $0.120.

The Bollinger band began to play, which was a positive indication. If the current momentum continues, Ankr might anticipate a climb to the next swing level by breaching the next resistance level of $0.909. Volume indicators are not very promising, although they are better than last week’s losses.

A trend confirmation in the technical setup requires one more green trading day. Because of its limited adoption and reliance on market conditions, Ankr prices are prone to extreme volatility and abrupt trend reversal in technical charts.

The Moving Average Convergence Divergence (MACD) shows that the 50 days Exponential Moving Average (EMA) is said to retest its level of resistance to cross 20 days EMA and gallop with an upward momentum in price by the end of 2021. 

Takeaway

The projections about Ankr price prediction and Ankr’s future prospects are dependent on various factors such as the crypto environment, Ankr projects, technological advancements, and announcements. 

It is important to do your own research (DYOR) prior to making a decision to invest. Crypto market is volatile and subject to occasional arbitrary movements, hence it is important to familiarise with the legal dynamics before an investment commitment.

For more finance-related concepts you can have a look at the FinanceShed, and stay tuned for more updates.