Ankr (ANKR) price prediction 2022-2030
Although the first practical application of blockchain technology was the first cryptocurrency, Bitcoin, it now goes far beyond just cryptocurrencies. Increasingly more blockchain projects are platforms aimed at various goals, including global ones like transforming the Internet. In this article, we'll explore one of these projects — Ankr, its origins and goals, and a price prediction for its token.
What is Ankr (ANKR)?
Ankr is a platform designed to use idle computing resources in data centres and personal computers and combine them into a single computing network. It allows developers and enterprise customers to rapidly deploy blockchain nodes at a lower cost than centralised cloud providers offer. Public blockchains can quickly decentralise and secure their networks with the Ankr network.
I feel blessed to have discovered crypto in its early days and have since then been working tirelessly to build products that can bridge everyday users to these rather complex technologies. — Chandler Song, Co-founder and CEO of Ankr
The origins of Ankr
Ankr was founded in 2017 at the University of California-Berkeley in the United States by Amazon Web Services engineer Chandler Song and Ryan Fang, an investment banker at Morgan Stanley. The developers held an ICO for the Ankr token 16-21 September 2018 and raised $14.5 million.
Ankr provides several main products:
- An easy and rapid node deployment.
- API services and full nodes that allow developers to take advantage of cross-chain development.
- StakeFi is a platform for cross-chain staking, which supports more than 50 PoS staking nodes.
- Ethereum Layer 2 services are designed to solve the problem of the Ethereum network's scalability.
ANKR is an ERC-20 native token of the Ankr platform on the Ethereum blockchain. It's used as a means of payment for using the platform's services.
ANKR price analysis
At the time of writing, the ANKR token ranked 109th among cryptocurrencies by market capitalisation at $819,424,114.
ANKR price statistics (as of 02/09/21)
ANKR current price
Daily trading volume
ANKR's price history
During the September 2018 ICO, ANKR's price was $0.0066. In March 2019, the token was listed on major crypto exchanges.
ANKR price prediction 2018
ANKR was listed on cryptocurrency exchanges in March 2019 and was not traded before that date.
ANKR price prediction 2019
Soon after being listed on crypto exchanges, the token's price declined, reaching a local minimum of $0.006297 on 17 May 2019. Subsequently, the price increased to its peak of around $0.01365 on 23 July 2019. After that, it experienced a prolonged fall that began last year and persisted for most of it.
ANKR price prediction 2020
The token's price began to recover in late January 2020. That recovery was interrupted on 15 February 2020, after the price reached a local maximum of $0.0375. ANKR's subsequent correction ended in a sharp collapse, dropping down to its all-time low on the day of the crypto market's panic sell-off on 13 March 2020. After that, the trend finally changed to bullish and remained so for the rest of the year.
ANKR technical analysis
As you can see on the logarithmic chart, ANKR is still in the global bullish trend that began in March 2020. After the correction over the summer, it's currently consolidating while trending slightly upward. We see a bearish divergence between the price movement and the RSI indicator, which indicates some bearish sentiment. The MACD and 20-day Moving Average show uncertainty.
A confirmed breakthrough from the resistance level of $0.117 will be a positive signal. If the $0.09 support level breaks down, the price will likely continue falling to $0.075.
ANKR price prediction for 2021, 2022, 2023, 2025, 2030
We've compiled ANKR price predictions from several crypto experts for you, so let's take a look.
Trading Beasts' ANKR price prediction for 2021, 2022, 2023, 2025, 2030
Trading Beasts predict a gradual slight increase in ANKR price over the coming years. According to their calculations, the token's price will be $0.134 by the end of 2021, $0.142 by the end of 2022, and $0.147 by the end of 2024.
WalletInvestor's ANKR price prediction for 2021, 2022, 2023, 2025, 2030
WalletInvestor also predicts modest growth for ANKR for the rest of the year. According to their estimates, the price will reach $0.122 by the end of 2021. However, in the spring of 2022, there will be a sharp rise in the price with a subsequent correction. And at the end of 2022, the token price will be $0.22. In the following years, the price will grow and amount to $0.512 at the end of 2025.
DigitalCoinPrice's ANKR price prediction for 2021, 2022, 2023, 2025, 2030
DigitalCoinPrice is even more optimistic in its estimates of ANKR prospects. They believe that the price will exceed its all-time high in 2021 and will reach $0.255 by the end of the year. They also predict a steady rise in ANKR's price in the coming years. According to their calculations, the token will be worth $0.2977 in a year, $0.3686 in two years and $0.60 in five years.
ANKR overall future value predictions
Undoubtedly, ANKR is a rather ambitious project that is being developed by a relatively small team. Its prospects will depend on whether the developers can turn these ambitions into reality.
Will ANKR go up?
Since the token's issuance is limited and users have to pay to use the platform with the platform's tokens, ANKR has a higher chance of increasing in price. However, at least one thing has to happen for the price to increase: the platform has to be accepted by users and become known across the crypto community. If that happens, ANKR's price will rise.
However, as with other cryptocurrencies, we mustn't forget that the crypto market's general state has a huge impact on nearly all crypto coins' prices.
How high can ANKR go?
If the bullish trend continues and breaks through the all-time high, the next realistic target will be $0.32.
ANKR price prediction today
At the moment, the coin's price is consolidating. Given the uncertainty surrounding it, it's worth waiting for a less ambiguous trading environment. It'll be a good sign if the price breaks through the resistance level of $0.117.
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