Looking for an opportunity to invest in an emerging cryptocurrency? If so, then you may have come across ANKR. It’s a token designed to facilitate access and scalability of blockchain applications.
What will be its price in the coming years? Can one expect good returns from investing in the ANKR token? In this article, we will analyze the coin’s potential and try to make an educated guess about its future price. Read on to learn more about the Ankr network and how it could potentially perform by 2030.
Table of Contents,
What Is ANKR Network? 🖥
Ankr is a Web3 decentralized infrastructure provider. It provides a remote procedure call (RPC) service allowing app developers and users to connect cloud nodes to different blockchains. The supported networks include Ethereum, BNB Chain, Polygon, Solana, and Avalanche.
The project aims to solve the following problems:
- Inefficient use of resources by cloud projects
- Low scalability of cloud projects
- Centralization and dependence on one company
- High cloud computing costs
- Privacy concerns
Ankr’s cloud infrastructure operates independently of existing service providers and relies on geographically distributed data centers. With it, cloud-based business solutions can become available to virtually anyone.
The platform features its native ERC-20 token called ANKR. Here are the primary use cases of the ANKR coin:
- Rewarding node operators for contributing their computing resources to the blockchain
- Paying for the use of network resources
- Rewarding users for their contribution to the platform
- Incentivizing users to build applications on the blockchain
Overall, it’s a promising project that has the potential to revolutionize cloud computing.
Wondering where you can purchase this coin? Some of the crypto exchanges to buy the ANKR stock are Binance, Coinbase, and Uniswap (V2).
The Latest ANKR Coin News 📺
As a crypto investor, you need to follow the news of the world of cryptocurrencies. The digital currency market is highly volatile, and various events in the industry can significantly affect the token’s price.
Read further to discover the most important ANKR news today.
Partnership with Midas Protocol
In February 2023, Midas Protocol and Ankr announced a significant partnership. The collaboration brings together two of the biggest players in the industry to create an open-source platform for decentralized applications (dApps). In addition, this partnership will result in the development of new dApps and services that can be deployed on both platforms.
The innovative solution created thanks to this partnership should help Ankr attract more users and boost its token price.
Partnership with Tencent Cloud
In February 2023, Ankr published a press release announcing a collaboration with Tencent Cloud. The partnership should enable users to deploy blockchain solutions on the world’s largest cloud service platform.
This move has opened up the global markets for the project and helped it become more accessible to app developers and users. With Tencent Cloud’s support, Ankr can offer its customers an enhanced level of scalability and security. As a result, it’s likely to positively affect the token’s price in the future.
Partnership with Microsoft
In 2021, Ankr partnered with Microsoft Azure. The collaboration allows users to deploy scalable blockchain solutions on Microsoft’s cloud-computing platform. Through this partnership, the company attracted more customers and boosted its user base by leveraging one of the world’s largest cloud service providers.
Moreover, the integration should help the platform become more accessible and secure. With Microsoft’s support, Ankr can offer its customers stable performance with enhanced security.
This news positively impacted the coin’s price, which jumped by 60% in 24 hours.
A Strategic Investment from Binance Labs
In August 2022, Binance Labs made a strategic investment in Ankr. Binance Labs also announced that it will provide technical support to the company as part of this partnership. Backed by Binance, the project should scale up quickly and become more profitable.
The token’s price experienced a positive impact due to this news. It showed investors that the project is backed by one of the industry’s biggest players. Another benefit for the project founders is an increased user base.
All in all, we’ve covered just some of the most important news about ANKR today. And by now, we can state that with major industry players’ support, the project will likely continue growing in 2023 and beyond.
Key Token Stats 📋
Before investing in any cryptocurrency, you need to do your research. Checking the essential stats behind the coin is a good starting point.
Let’s look through the ANKR CoinMarketCap profile to identify the critical token stats.
Market Capitalization
When evaluating the attractiveness of a particular token, investors look first at the market capitalization. Market cap is the total market value of a cryptocurrency calculated by multiplying the circulating supply of coins by the current market price per coin.
At the time of writing, the ANKR coin market cap is $262,274,190.
Trading Volume
Next, it’s worth looking at the coin’s trading volume. Trading volume stands for the total number of trades made for a particular asset during a trading period.
As for ANKR, it features a 24-hour trading volume of $18,326,555.
Token Supply
Understanding a token’s supply can also hint at its investment potential. Here, you need to distinguish between the circulating, total, and maximum supply:
- Circulating supply is the number of coins mined or put into circulation
- Total supply is the total number of coins that are already in circulation plus newly mined coins that are not on the market
- Maximum supply is the maximum number of coins that a cryptocurrency will ever have
The token’s current circulating supply constitutes 6,496,232,711 coins. Therefore, the token has a limited supply that cannot exceed 10,000,000,000 coins.
What happens when the coin reaches its maximum supply? First, there will be no more inflation. In addition, if the demand for the token grows, its value may increase significantly.
Historical Data Analysis 👩💻
It is important to look at the past prices of a cryptocurrency before investing. Historical data analysis can show how the token has been doing over time, allowing you to make more informed investment decisions.
Let’s see how the ANKR crypto price changed over time.
At the time of release in March 2020, the token’s market value was $0.00070728. At the beginning of 2021, an explosive price increase followed. At the end of March 2021, the coin price reached a record high of $0.1943 — a 27,400% growth within a year.
Throughout 2022, the price had ups and downs, which you can see on the chart. In the spring of 2022, the so-called crypto winter began in the cryptocurrency market. Consequently, most coins suffered losses, and ANKR was not an exception.
Over the past year, the coin price has been in the range of $0.015 to $0.052. At the time of writing this article, the token is worth $0.0264.
Why Is ANKR Falling? 📉
Like many cryptocurrencies, this token has been highly volatile over the past year. As you can see from the chart above, the coin price has decreased by 25.2% over the last month and by 42.1% over the year. The recovery of price positions will largely depend on the recovery of the cryptocurrency market.
However, the ANKR coin has a certain potential to grow in market value. The project offers highly-competitive cloud computing services that are disrupting the industry. In addition, the team behind the project has successfully attracted major industry players to its project.
With potential collaborations and partnerships on the horizon, the token could be a great long-term investment opportunity.
Price Prediction 2023-2030 📊
If you’re wondering if the ANKR token is a worthy investment, long-term price predictions may come in handy. Analysts consider the coin’s performance in the past and technical indicators such as support, resistance, and trendlines to make their forecasts.
Since the crypto market is extremely volatile, price predictions cannot be 100% accurate. In addition, the market value of cryptocurrencies may change dramatically due to many factors — like news, events, or government regulations. Thus, you need to do your research and use sources of information other than price forecasts.
Let’s see how industry experts assess the market potential of this coin.
2023
Experts from Priceprediction.net assume that ANKR coin may cost $0.037 on average in 2023. The forecast from Crowdwisdom is a bit more optimistic — $0.0391 per coin in 2023. Changelly experts believe the token may hit up to $0.0419958 by the end of the year. The forecast from TradersUnion is pretty much similar — $0.04589 by the end of 2023.
2025
In 2025, the Priceprediction.net team expects the average ANKR token price to reach $0.077. Crowdwisdom shares similar figures — $0.0700 per coin in 2025. Changelly and TradersUnion predict the coin price to be up to $0.0889911 and up to $0.08653, respectively.
2030
By 2030, most experts expect a significant token price increase. The most modest forecast is from AMBCrypto — $0.12 by the end of 2030. The Crowdwisdom team believes the ANKR coin price may reach $0.279 on average in 2030. TradersUnion predicts it to hit $0.44207 by the end of 2023. Finally, Priceprediction.net expects the token’s average market value of $0.51 in 2030.
Changelly analysts are more optimistic in their forecast. According to experts, the predicted coin price for December 2030 is $0.589941.
Can ANKR Coin Reach $1,000 in 10 Years? 🤑
Can ANKR crypto price reach $1,000 someday? Perhaps in 10 years? Let’s think about it.
At the time of writing this review, the price of the coin is $0.0264. To reach the desired level, the token’s market value must increase by 37,879 times.
Let’s assume the coin’s price will increase by 25% annually. Then, in 10 years, the token’s market value will reach $0.1967, which is far from $1,000.
Given the forecast figures from experts, it’s unlikely that the ANKR token will reach the $1,000 mark in the foreseeable future. However, this coin shows strong potential to become a profitable long-term investment.
Final Words 📌
ANKR coin has strong potential to become a profitable long-term investment. Still, recovering the coin’s price positions will depend on the overall crypto market situation.
Price predictions from experts suggest that the token could be worth up to $0.589941 by December 2030. However, it is improbable that the token will reach its desired level of $1,000 within ten years due to its current low value and slow growth rate.
To ensure success in investing in cryptocurrencies, you should always do your research and use multiple sources for information other than price forecasts. Then, armed with knowledge and facts, you can make informed decisions that will help you achieve your financial objectives.
FAQ 💡
It is a blockchain-based platform that aims to make it easier and more affordable for businesses and developers to deploy and run their own decentralized applications.
The long-term forecast for the price is positive. Many experts believe that the token has excellent growth potential and that its value could increase significantly in the coming years.
There are several factors that could influence the price of this coin in the long term, including the overall performance of the cryptocurrency market, the adoption of Ankr’s platform by businesses and developers, and any updates or improvements to the platform itself.
This is a decision that ultimately depends on your individual financial goals and risk tolerance. It’s important to do your own research and consult with a financial advisor before making any investment decisions.
As with any investment, beginners should exercise caution and do their own research before investing in the token or any other cryptocurrency. It’s essential to understand the risks and potential rewards of investing in cryptocurrency before getting started.
