Connect with us

Learn

Is ANKR a Good Investment?

Published

on

ANKR Good Investment
Share this post

Ankr is one of the most promising cryptocurrencies in the blockchain ecosystem. Investors looking for attractive altcoins are becoming increasingly bullish about the massive potential of the Ankr coin. But what is Ankr really, and why is it getting so popular?

In this article you will find answers to all your Ankr-related questions: you’ll get to know what is Ankr and what makes it so unique, and you’ll discover all the details which will allow you to decide by yourself whether Ankr is a good investment or not.

What is ANKR?

ANKR is a unique cryptocurrency coin powering up the Ankr platform – a solution designed to provide crypto enthusiasts with decentralized cloud services for hosting blockchain nodes.

Ankr: a Web 3.0 Infrastructure Compatible with Over 40 Different Blockchains

ANKR team

The history of Ankr starts in 2017 when a group of tech experts from the Berkeley University in California decided to use blockchain technology to create a decentralized cloud computing platform capable of providing affordable hosting solutions for nodes of cryptocurrency networks such as Bitcoin or Ethereum.

Founders of Ankr include Chandler Song, who was previously responsible for Amazon Web Services, and Ryan Fang who was an investment banker at Morgan Stanley. The combination of immense experience from both computer science and economics gave Ankr a great head start in the crypto ecosystem.

Ankr solves one of the most important issues with blockchain technology: the high requirements of running a cryptocurrency node.

Running your own node is considered to be the best way to ensure maximum security and efficiency while using digital assets. However, running a blockchain node is not an easy thing.

In general, running a crypto node requires three things: a computer that is connected to the internet 24/7, a large amount of available disk space to store the entire blockchain, and a lot of technical knowledge to set up and configure the node. All these things combined unfortunately mean that most people are not able to enjoy the full potential of owning their personal cryptocurrency node.

Ankr is designed to solve this problem by providing affordable and easily accessible cloud hosting to various blockchain nodes. Thanks to Ankr, you can own a cryptocurrency node without having to personally set up all the hardware.

Ankr supports hosting the nodes not only of all the most popular blockchains, such as Bitcoin, Ethereum, and Binance but also of smaller networks such as Matic, Elrond, or Cosmos. Personally configuring a large number of cryptocurrency nodes all by yourself would be a nightmare – with Ankr, you can simply use the decentralized cloud blockchain hosting to own over 40 different crypto nodes, without having to do any of the hard work by yourself.

ANKR: a Good Investment and a Powerful Digital Asset

The Ankr platform is powered by ANKR: an original cryptocurrency token used to provide military-grade security and the highest possible efficiency to the Ankr blockchain node hosting solutions.

One of the most innovative features of ANKR is the fact that it exists in three different forms. The form of ANKR utilized on the Ankr network is the Ankr coin, which is built on the original Ankr blockchain. However, ANKR can also be purchased in the form of ERC-20 (Ethereum) and BEP-2 (Binance Chain) tokens, allowing the investors to easily buy ANKR in the form they are most accustomed to.

The reason why so many people believe that ANKR is a good investment is the fact that the max supply is fixed: no more than 10,000,000,000 ANKR (10 billion) will ever exist. Since the circulating supply will decrease over time, most of the ANKR price predictions for 2021 are very bullish.

Ankr Price Forecast: Will ANKR Reach $0.50 or More by the End of the Year?

ANKR-USD-chart-daily

ANKR USD daily chart

Ankr has already been performing superbly during the current crypto bull run, but it’s also a coin that has very recently entered the list of top 100 cryptocurrencies by market capitalization. Because of that, most members of the blockchain community believe that there is still a lot of room for growth for the ANKR price.

When it comes to precise ANKR price predictions for 2021, there is no clear consensus among the community. Most people seem to be confident that the Ankr valuation will more than double and surpass $0.50, but some crypto enthusiasts believe that the Ankr coin might appreciate in value even more and trade for $1 by the end of the year.

Gaurav Tripathi, a popular Twitter crypto observer, gives the $0.50-$1 range as his ANKR price prediction. Tripathi considers Ankr one of the most undervalued gems in the blockchain ecosystem and believes that it’s likely the ANKR price will grow 4x by the end of the year.

Another popular member of the Twitter blockchain community going by the name Crypto Zeinab doesn’t even include the $0.5 price level in his prediction, and instead only gives $1 as his ANKR price forecast for 2021.

ANKR Price Predictions According to the Experts: Will ANKR Surpass $1 in 2021?

While some members of the community advocate caution and think that $0.50 is a realistic ANKR price goal for the end of the year, technical analysts are much more bullish. Leading researchers of the altcoin market are convinced that the Ankr coin will trade for $1 before the year ends.

Blockchain researcher going by the name Fliptroniks Crypto considers the strong technical fundamentals of the Ankr platform the main factor in the rapidly increasing ANKR price. Since the Ankr platform solves one of the most significant issues of the crypto ecosystem – the high cost of running a blockchain node – Ankr might soon rise to the position of one of the leading crypto projects.

Youtube channel Selected Stocks also mentions $1 as the most probable ANKR price goal for the end of the year. Selected Stocks believes that the most important thing about the Ankr platform is that it allows people to easily earn crypto passive income without the requirement of having advanced technical knowledge.

Another analyst who shares the $1 ANKR price prediction for 2021 is the popular YouTuber CryptoXan. He believes that Ankr is a good investment because the market cap of the Ankr coin is still very undervalued, and the price will keep growing in response to ANKR being listed on more exchanges.

Can Ankr Reach $1?

ANKR has been performing superbly during the current crypto bull run and is already worth well over $0.10. Going from there to $1 would mean just a 10x increase, which isn’t anything unusual in the crypto ecosystem. Because of that, it’s very likely that ANKR will reach $1 in the foreseeable future.

Where can I buy ANKR?

ANKR can be purchased on most of the major crypto exchanges such as Binance or Coinbase. In the future, even more, exchanges will likely introduce ANKR support.

Is ANKR Coin a Good Investment? – Conclusion

Cryptocurrency investors must take risk into consideration, but most members of the community believe that ANKR is a good investment and that the Ankr price will continue to appreciate in the future.

All blockchains created over the years have one thing in common: they are built on a decentralized network of nodes. So far, setting up and operating a cryptocurrency node was inaccessible to most people. With Ankr, everyone can enjoy the benefits of owning a crypto node without having to personally do any of the hard work.

cryptotelegram-telegram-banner

Strong fundamentals combined with how undervalued the Ankr coin is at the moment suggest that the ANKR valuation will continue to appreciate. The Ankr price prediction shared by most experts is $1, but it’s possible that if the current trend continues, Ankr might grow in value even more.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending