Is ANKR a Good Investment?

tl;drAnkr originates as a solution that utilizes shared resources in order to provide easy and affordable blockchain node hosting solutions. It was founded in November 2017 and during its time on the market, it has built a marketplace for container-based cloud services through the usage of shared resources. This in turn provides developers and enterprise clients with the ability to easily deploy blockchain nodes at a much cheaper price when compared to public cloud providers. Ankr is a company that is globally distributed to fulfil its mission of creating and developing the next-generation decentralized Internet. To achieve decentralization of applications and staking nodes and support the Web3 infrastructure, Ankr uses computing power supported by DLT to collect data resources that are deployed to stakers and developers through data centres at lower costs, which is how developers and stakers can easily create and deploy dApps and stake their balances. Ankr's price today (October 4, 2021) is $0.083847 with a 24-hour trading volume of $30,741,380. ANKR price is down -2.6% in the last 24 hours. It has a circulating supply of 7.7 Billion ANKR coins and a total supply of 10 Billion. Ankr's ROI with 1,084% in a year exceeded in 'Cosmos Ecosystem, Eth 2.0 Staking, Celo Ecosystem, Polygon Ecosystem, xDAI Ecosystem, Technology & Science, Polkadot Ecosystem' categories which had 321% growth over the past year. It's underperformed in the crypto market which had 2854% growth over the past year.
Is ANKR a Good Investment?
Is ANKR a Good Investment?
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Introduction

Ankr originates as a solution that utilizes shared resources in order to provide easy and affordable blockchain node hosting solutions. It was founded in November 2017 and during its time on the market, it has built a marketplace for container-based cloud services through the usage of shared resources. This in turn provides developers and enterprise clients with the ability to easily deploy blockchain nodes at a much cheaper price when compared to public cloud providers.

Ankr strives to build a resource-efficient blockchain framework that truly enables Distributed Cloud Computing (DCC) and provides user-friendly infrastucture for business applications. There are indeed existing cloud solutions, but Ankr is the first one to leverage both blockchain and trusted hardware.

How Does Ankr Work?

Ankr is a company that is globally distributed to fulfill its mission of creating and developing the next-generation decentralized internet. To achieve decentralization of applications and staking nodes and support the Web3 infrastructure, Ankr uses computing power supported by DLT to collect data resources that are deployed to stakers and developers through data centers at lower costs, which is how developers and stakers can easily create and deploy dApps and stake their balances.

Ankr staking is supported by the Stkr protocol, launched in 2020, which supports staking of ETH in return for aETH. The latter represents the value of staked ETH plus the expected returns on the staking balance, creating a system with high liquidity for the future stakers of Ethereum 2.0.

ANKR is the native token of the network and has multiple utilities, which include payments and access to applications deployed on the network, staking, and voting on governance proposals. Ankr aims to support more blockchain protocols as part of its work on the development of Web3, the more private and secure decentralized internet.

Financial Analysis

Ankr's price today (October 4, 2021) is $0.083847 with a 24-hour trading volume of $30,741,380. ANKR price is down -2.6% in the last 24 hours. It has a circulating supply of 7.7 Billion ANKR coins and a total supply of 10 Billion. Ankr's ROI with 1,084% in a year exceeded in 'Cosmos Ecosystem, Eth 2.0 Staking, Celo Ecosystem, Polygon Ecosystem, xDAI Ecosystem, Technology & Science, Polkadot Ecosystem' categories which had 321% growth over the past year. It's underperformed in the crypto market which had 2854% growth over the past year. You can track Ankr's Return On Investment (ROI) on our website for Free.

A capable marketing team and brand awareness have a direct impact on the success of any project. According to our data, Ankr's Twitter account saw an increase of 41% in the number of followers over the months from May 08 until October 04 of 2021. You can follow Ankr's popularity using our report, which is accessible in our website's popularity.

Our data indicate that Ankr's ranking among the markets' cryptocurrencies in terms of market capitalization decreased significantly over the last months from May 08 until October 04 of 2021, with 101 to 133 Rank. Also, its price saw a similar trend, falling from $0.16 to $0.08 today at the time of writing. However, its liquidity score is 54% upper the market's average score, which means that it would be easier to sell the Ankr if the market is falling. You can find our report about Ankr's market capitalization, price, and liquidity score on our webpage.

Is ANKR Token the best cryptocurrency to invest in?

We are here to help you make smarter financial decisions by freeing up your intelligence through making it easy to compare thousands of coins. We do all the hard work for you and help you remove emotions from your decisions. However, making an investment decision requires considering your own financial situation and comparing your investment options.

To see our reports and easily compare the available investment options, check out our website.

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