The price of Ankr (ANKR) crypto has declined 4.2 per cent over the previous day, and its volume was up over 18 per cent to US$ 40.9 million at 7 AM EST.
According to CoinMarketCap data, the ANKR crypto was trading in the red for US$ 0.06787 per token at the time of drafting this article.
The ANKR crypto is the native utility token of Ankr, a provider of decentralized blockchain infrastructure solutions. It has an array of nodes worldwide used in more than 50 proof-of-stake (PoS) networks.
Also Read: What is Dallas Cowboys crypto? All you need to know
Ankr protocol was established to give further momentum to the crypto economy and power multi-chain tools for the Web3 economy. Meanwhile, as a utility token, the ANKR crypto is expected to enable node providers to monetize their nodes’ excess capacity.
The ANKR crypto allows the node providers to benefit from a pay-as-you-go model and aims to disrupt the blockchain API providers that require oversubscription.
The ANKR crypto can act as an ERC-20, BEP-20, and BEP-2 token. It is also available on blockchain networks like Fantom, Avalanche, and Polygon.
Is ANKR crypto gaining traction?
Despite the declining price, crypto enthusiasts were likely looking for the ANKR crypto price prediction, indicating that the virtual currency could be gaining investors’ attention.
As the cryptocurrency market has been witnessing extreme volatility since the war between Russia and Ukraine began, it is difficult to tell ANKR crypto’s price prediction.
The reason behind the interest in the ANKR crypto could be due to the announcement of a new integration on the Ankr protocol. The network tweeted that users can now access Moonbeam Network Public and Premium Remote Procedure Call (RPC) on its platform.
Bottom line
On April 29, there were 8.16 billion ANKR crypto in circulation, and its total supply is 10 billion tokens. Meanwhile, its market was down to US$ 553.98 million and ranked 113 out of 19,197 cryptocurrencies worldwide.
ANKR crypto is listed on almost all the top cryptocurrency exchanges, including Binance, Coinbase, Bittrex, Uniswap (V2), and Crypto.com.
Also Read: Zilliqa (ZIL) crypto soars amid rising market. Here’s why
Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.
This news is republished from another source. You can check the original article here
Be the first to comment