Price Prediction

Ankr Price Prediction 2022: How High Will ANKR Price Rise?

Written by: Elena R

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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Jan 6, 2022

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Over time, numerous platforms have emerged in order to cater to multiple needs, and with Web 3.0, blockchain networks are redefining the true value of a decentralized financial system. In the near future, such platforms could grow vigorously, notably, Ankr is one such platform that brings movements of DeFi and Web3 together. 

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ANKR Price has seen spectacular swift moves since the start of the year followed by the occupied achievements in 2020. The ecosystem has successfully launched Blockchain API services and enabled enterprises to connect to Web 3 safely with their enterprise-grade node infrastructure to benefit from staking, data analytics, and dApp development

Would like to dive into the ocean of this futuristic technology to yield benefits? The article bestows you about fundamentals, short-term and long-term ANKR price prediction

Overview: 

Cryptocurrency.Ankr.
Token.ANKR.
Price.$0.1179
Market Cap.$962,324,295
Trading Volume.$183,663,772
Circulating Supply.8.16B ANKR
All-time high.$0.2252 on March 27th, 2021.
All-time low.$0.00106, March 13th, 2020.

What is Ankr (ANKR)? 

Ankr is the multi-chain platform built on Ethereum that enables tranquil and affordable blockchain node hosting solutions. The protocol intends to combine staking and DeFi to make developing and earning simple. It brings two movements simultaneously: Decentralized finance and Web3. 

DeFi movement sets up the structured financial system for Web3, while Web 3 movement includes dApps, smart contracts, and protocols. By connecting them together, Ankr strengthens the crypto economy. In order to power the bridge, the ecosystem utilizes computing power backed by DLT to source data that are interlinked to developers and stakers via data centers at affordable fees. Thereby, users could easily build and deploy decentralized applications and stake their balance to earn profits. 

The network has its own native token known as ANKR. It could be utilized to take part in on-chain governance, to pay for services such as API services and node deployment. Further, the token benefits the holders by acting as insurance. Besides, ERC-20 Ankr tokens could be deposited in any wallet that powers Ethereum. 

Fundamental Analysis: 

Ankr platform was founded back in 2017 by Chandler Song and Ryan Fang. Initially, it was launched as a distributed computing network at Berkeley University in California. The primary vision behind finding this platform was to build decentralized internet that is relied on distributed ledger technology (DLT). 

The chief co-founder Chandler Song served as an engineer at Amazon Web Services and presently he is the CEO of Ankr Network. Another co-founder, Ryan Fang accumulated knowledge as an investment banker at Morgan Stanley. 

Chandler Song presented Ryan Fang to blockchain and Bitcoin back in 2014, where he convinced him into buying about 22 BTC together. Howbeit, during 2017 profits of those Bitcoins helped to seed that funded their Ankr product.  As a whole, their team consists of dedicated traders passionate about disruptive technologies are spread across 16 countries. 

Recently, the Ankr network has allocated a $10 million grant to power innovative Web 3.0 projects. Further, the team is confident of their project, as it achieves faster, smarter and enables access to the blockchain by using the token. 

ANKR Price Prediction 2022: 

The Ankr price has made a positive commencement to the new year with over 10% gains in just 4 days. However, the RSI factor is now hovering at a strong buy zone hence continued bullish sentiment would drastically uplift the price to reach a new ATH well above $0.25 somewhere in the next supercycle. On the contrary, if it faces rejection at $0.17 then bears would pull down the price up to $0.09. 

If the Web 3.0 token breaks positive highs in the second half of the year, then Ankr may steal the show with elephantine gains. In the case of an extremely bullish scenario, the token might clinch a new high of $0.36. In case, if it falls down, then the new year rally may fall down to the support of $0.2015.

Ankr Price Prediction 2023: 

According to the platform’s vision, the network is yet to bring revolutions in Web 3.0 and streamlined dApp creation. It would soar up to $0.451 by the end of 2023, failure in the launch of upgrades and probable bears domination would plummet the price to $0.1854. However, with conventional buying and selling pressures, we can see ANKR price trading at an average of $0.3052 by the end of next year.

Ankr Price Prediction 2025:

As Decentralized internet could disrupt the wholesome technology in the coming years, with its hopeful events in line, the future seems to be really lenient for Ankr and new landmarks are awaited on its way. If the network successfully accomplishes the planned integrations, then the price may clinch a high of $0.886 by the end of 2025.

If the platform fails to gain the traction of the user base and fails to execute the events as per the schedule, then it may easily get defeated against its competitors. In such a case the price may plummet to a minimum of $0.568. 

ANKR Price Market Prediction:

Walletinvestor:

According to the wallet investor, they believe the ANKR price might rule the Metaspace and may easily hit a maximum of  $0.237. The minimum price is $0.180 and the average price would be $0.2078 by the end of 2022. They anticipate that the price may hit the milestone of $0.6087, the average ANKR price is expected to smash $0.492. On a bearish note, the token would plummet to $0.381. 

Gov.Capital:

Gov. Capital has revised their prediction for the  ANKR price; they expect tokens to hit a maximum of $0.30475. On the contrary, they believe, trend reversals in the market would plummet the price to $0.225. And with average buy and sell pressures it would end up trading at $0.265 by 2022. The website has also made a whopping prediction in the long term, they expect the price to surge to a maximum of $1.46. The average and minimum probabilities will be $1.27 and $1.08 respectively by the end of 2025. 

Digitalcoinprice:

Digitalcoinprice revised its price prediction on ANKR. According to them the price will reach $0.1527 by 2022 and rally further to cross $0.2127 by the end of 2024. By the end of 2025, the price may hit $0.2368.

ANKR Price Prediction:

The Ankr price may reach new milestones in the upcoming days, as Web 3.0 aims to revolutionize the internet space. Howbeit, Ankr appears to be a valuable project in the sector of DeFi and Web 3.0 as it enables functional enterprise solutions, staking nodes, and developer APIs

According to Coinpedia’s formulated Ankr price prediction, if the network launched upgrades in order to boost staking and other features to benefit the traders, the price may easily surpass the $0.25 mark this year.

If the network fails to execute its plan, then the price can flip into a bearish trap and dip to $0.0958. Considering everyday buy and sell pressure and keeping the above factors in mind the average price by the end of 2025 would be around $0.8052.

Year.Potential High.Potential Low.
2022$0.3$0.1599.
2023$0.451$0.218
2025$0.8052$0.465.

Historic Market Sentiments:

2020:

Though the Ankr protocol has managed to attain significant milestones by the accomplishment of blockchain API services and incredible developments in Dapp developments and Data analytics, the price failed to capture the momentum. Throughout the year it has hovered around the range-bound scale between $0.007 to $0.014. The achievements yielded fruits in early 2021. 

2021: 

Ankr’s price has shown unparalleled volatility throughout the year. The protocol has commenced its bull rally on the very first day of the year. After prolonged consolidation of around $0.009374, the asset has managed to break at $0.0099 on the 15th of January. However, a formidable rise in bets sailed the price momentum to an ATH of $0.2252 in March. Bulls contrived to hold the price range above $0.1579 until May. Owing to the heavy Chinese market crash on May 19th, the ANKR price has undergone a steep fall plummeting to $0.05537. 

The ANKR price has made two consecutive leg ups in the 4th quarter. After oppressing bearish dominance in August, the price has managed to carry the bullish momentum until November with certain fluctuations. In its very first leg up, the protocol has surged by more than 100% from $0.05911 to $0.1239.

However, with a requisite correction at $0.088, the price has successfully broken at  $0.00812. In the second leg up, the Ankr price soared by another 100% reaching $0.1746. In the meantime, a market crash that happened on 4th December plummeted the price to $0.1142. 

FAQ

Is ANKR a good investment?

Based on the data, it can be predicted that it is Profitable to invest in Ankr for the long term. As Web 3.0 is going to flourish, it is a good investment.

What is ANKR staking?

Ankr’s liquid staking protocol permits ETH holders to partake in Ethereum 2.0 staking and acquire staking rewards, without handling a node and latching your ETH for an unknown period of time.

How high may ANKR price hit by the end of 2025?

Ankr (ANKR) has a tremendous potential to reach new ATH’s as it intends to enhance Web 3.0 projects. As per the crypto influencers and experts, ANKR can hit the $0.8 to $1 mark by the end of 2025.

Will Ankr hit $0.5 by the end of the year 2022?

If it makes headway to bring further disruption in decentralized internet, it might claim $0.5 by 2022 in any of the supercycles in this year. 

How does an ANKR work?

The Ankr platform is a decentralized cloud-computing platform. It makes use of idle resources from underutilized data centers to run the network. 

Is ANKR an ERC-20?

The Ankr token lives in three forms: the Ankr ERC-20 token, our native Ankr token, and the Binance Chain-based Ankr BEP-2 token.

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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