In this post, we will focus on ANKR price prediction to decide whether ANKR is a profitable investment or not?
We will learn what Ankr is and how successful it has been in the crypto world so far? We also look at the people working on the Ankr project to make it distinctive in the sector. Moreover, we will review the cryptocurrency experts’ opinions concerning its future price movement. These ANKR price predictions will guide us to some extent in determining whether we should add it to our investment portfolio or not. Then, if you are interested in knowing more about ANKR, continue reading this article.
What Is Ankr?
Ankr is a decentralized cloud-based network that takes advantage of Blockchain. According to Ankr, cloud computing and crypto cloud mining are the future of the internet. Hence, Ankr believes a decentralized cloud platform must compete with public cloud storage giants such as Amazon Web Services (AWS), Microsoft Azure, or Google. The Ankr project provides a solution that utilizes shared resources for easy and affordable blockchain node hosting. This unique feature enables developers and enterprise clients to quickly deploy blockchain nodes at a much lower price than public cloud providers.
Ankr aims to develop a cloud infrastructure platform and marketplace for Web3-Stack deployment to enable resource providers and end-users to access decentralized blockchain technologies and DeFi applications. In short, Ankr provides the sharing economy, where any customer can access and purchase resources at a very affordable price. As DeFi expands, it will need more resources in the ecosystem so that Ankr can comply with this as well.
Note that the Ankr cloud infrastructure works independently compared to public cloud providers. Additionally, it is entirely powered through geographically distributed data centers to strengthen its stability and resilience levels. It has deployed more than 8000 nodes throughout the world, and the number is continually increasing. With the Ankr platform, data centers are connected to form a single computing network.
What Makes Ankr Unique?
- Ankr is the only platform combining node infrastructure, staking, and DeFi to make developing and earning easy.
- Ankr offers a secure data processing and storage platform. In this way, Ankr is trustable and ensures higher-level security.
- Ankr supports a variety of blockchain platforms, such as Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), and more.
- It provides a user-friendly infrastructure for business applications.
- It makes Web3 easier to reach.
- Ankr relies on a traditional blockchain architecture but improves on the consensus mechanism and incentive system.
The ANKR is an ERC-20 token of the Ankr network. It is based upon the Ethereum blockchain network that is using the ANKR tokens to power its Web3 and cross-chain DeFi staking platform. The ANKR token serves as the network’s native and governance token. It is used to pay for services like node placement and acts as an incentive to participate in the network. You can even partake in ANKR’s governance mechanism if you have a substantial amount of ANKR tokens.
Moreover, you can use ANKR tokens to pay for app usage. ANKR is a crypto asset available in many crypto exchanges, including Coinbase, Binance, Bittrex, and Huobi Global. Getting listed on major exchanges boosts ANKR’s price since the added liquidity and accessibility encourage investors to purchase ANKR. Because it is an ERC-20 token, you can store it in any ERC-compatible wallet. Additionally, Ledger, Trezor, or Atomic wallets are also good options for storing ANKR.
The total amount of ANKR tokens is 10B, of which only 7B is in circulation. Ankr allocated 40% of the total supply as mining and community rewards, 30% of the total supply for private sale, and the remaining for the team, advisors, public sale, and marketing. Note that because ANKR has a maximum supply of 10 billion coins, there will be an element of scarcity to the token that will drive up its price in the future.
Who Are Ankr’s Founders?
The Ankr project was founded in November 2017 at Berkeley university in California by Chandler Song, Ryan Fang, and Stanley Wu. Chandler Song studied Electrical Engineering and Computer Science at UC Berkeley and was an engineer at Amazon web services. The other co-founder Ryan Fang worked as an Investment banker at Morgan Stanley. Wu holds an MS in Electrical and Computer Engineering from the University of Rochester and a certificate in Database Management from UC Berkeley. He is an experienced software engineer who previously worked for Amazon and contributed to Alexa.com. Wu is currently Ankr’s CTO.
Interestingly, Chandler Song introduced Ryan Fang to Bitcoin and blockchain in their freshman year in 2014. Chandler Song convinced Ryan Fang to buy 22 Bitcoins together. In 2017, bitcoins became the seed for funding the project. Now, Ankr’s core team consists of 16 people, many of whom graduated from the University of California at Berkeley. Many of them have engineering or technical backgrounds, and some have limited marketing experience, while others have created and sold other businesses before joining Ankr. Additionally, the Ankr project has been supported by several commercial and entrepreneurial partners and advisors.
A Review of ANKR Price History
Source: TradingBeasts (AKNR Price History at a Glance)
The price of ANKR has gradually increased as more people discovered its usefulness. From the all-time low of around $0.00071, the ANKR token soared into the all-time high of $0.19. However, since ANKR has only been listed on major exchanges for a few months, there aren’t many historical data points to draw any conclusions. In essence, when assets get listed on major exchanges, they often take a few months to find their way and establish proper resistance and support levels; The process that ANKR is currently going through.
ANKR Price Chart
ANKR in 2021
At the beginning of 2021, ANKR traded at a price of under $0.01. In January 2021, the ANKR token was at $0.0085 and rose to an all-time high of $0.19. This remarkable growth made it one of the best performing coins by growing more than 2500% in three months. The price of ANKR rose by nearly 60% in early September, reaching a peak of $0.1327. However, since then, the price has dropped dramatically and hit a low of $0.0695 on September 24, 2021.
ANKR Price Chart from January to October 2021
ANKR Price Prediction in 2021 and Onwards
Now that you have an idea of the Ankr Network, we will go over the ANKR price prediction. Then, let’s discuss the long-term and short-term ANKR price prediction in detail.
WalletInvestor ANKR Price Prediction
According to the WalletInvestor forecast system, ANKR is an excellent long-term (one-year) investment. The Ankr price can increase from $0.09048 to $0.183 in one year. Therefore, if you look for virtual currencies with good returns, ANKR can be a profitable investment option. Based on their forecasts, a long-term increase is likely to happen. Their ANKR price prediction for 2026-10-17 is $0.561. As such, with a five-year investment, the revenue is expected to experience a %520.03 growth. Hence, your current $100 investment may be up to $620.03 in 2026.
Source: WalletInvestor (Short-term ANKR Price Prediction)
Long-term ANKR Price Prediction
As shown in the graph above, the long-term earning potential is +102.46% in one year. Since this virtual currency has a positive outlook, the forecasting platform recommends it as part of your investment portfolio after Bitcoin cloud mining.
TradingBeasts ANKR Price Prediction
The Ankr price is likely to reach $0.1197711 by the beginning of November 2021. The predicted maximum price is $0.1497138, and the minimum price is $0.1018054. The ANKR price prediction for the end of the month is $0.1197711.
The Ankr price is forecasted to reach $0.1203682 by the beginning of December 2021. The expected maximum cost is $0.1504602, and the minimum price is $0.1023129. The ANKR price prediction for the end of the month is $0.1203682. Therefore, according to their forecasts, the ANKR price is going to increase in 2021.
Source: TradingBeasts (ANKR Price Prediction for 2021)
The Ankr price is forecasted to surpass $0.1208880 by the beginning of January 2022. The expected maximum price is $0.1511100, and the minimum value is $0.1027548. For the end of the month, ANKR is expected to be worth $0.1208880. According to their crypto forecasts, the ANKR price is going to increase in 2022.
Coincodex ANKR Price Prediction
Based upon their current ANKR price prediction, the value of Ankr Network will rise by 14.86% and reach $0.106964 by October 28, 2021. Ankr Network recorded 14/30 (47%) green days (or bullish days) with 7.31% price volatility over the past month. Moreover, the price of the Ankr Network increased by 991.27% in the last year. The platform thinks the cost of the Ankr Network will decrease by -3.13% over the next month and reach $ 0.090209 by November 22, 2021.
The ANKR Market Sentiment is Neutral
CryptoNewsZ ANKR Price Prediction
The platform thinks that the minimum price for the current year is $0.0705. Ankr price prediction for the next five years shows that by 2021, the price will rise from $0.091 to $0.132. Ankr price prediction from business analysts indicates that the ANKR cryptocurrency price will experience a bearish trend in 2022, when the average price will be around $0.140. As per analysis, the Ankr price can increase to approximately $0.190 by the end of 2022. However, the bearish trend can continue till 2023.
In 2023, the ANKR price prediction is likely to be in the range of $0.221 to $0.246 as it breaks the record high. A long-term logarithmic chart shows that by 2024, Ankr will have wide acceptance & investing, and trading in Ankr will be more accessible due to the widespread circulation of ANKR tokens. Therefore, ANKR price prediction lies in the range of $0.252-$0.300 levels in 2024. Business analysts are expecting a value rise of $0.645 by the year 2026.
DigitalCoinPrice ANKR Price Prediction
Source: DigitalCoinPrice (ANKR Price Prediction from 2021 to 2028)
As shown in the graph above, the platform predicts that ANKR will be $0.1312389373 in 2021. Moreover, ANKR price will reach ($0.1577323935) in 2022, ($0.1920532996) in 2023, ($0.2348056672) in 2024, ($0.2675244881) in 2025, ($0.3156977418) in 2026, ($0.3081012715) in 2027, and eventually ($0.3953273909) in 2028. Then, the lowest price of AKNR in the future will be up to $0.3593239129, and its highest price will be up to $0.4432380558. Therefore, ANKR prices will increase according to their predicted data. In short, ANKR is a profitable investment based on forecasting. According to their technical analysis data, the token reflects a positive future.
Gov Capital ANKR Price Predication
Since ANKR has been showing a rising tendency for the past year, they believe that ANKR can be a good portfolio addition for the future. According to their prediction system, the future price of ANKR is predicted at $0.25141124323556 (meaning a %176.885 increase) after a year. This means that if you invest $100 now, your current investment may be worth $276.885 in October 2022.
ANKR Price Prediction for 2021
Long-term ANKR Price Prediction
Ankr Network aims to build a cloud-based network for all cloud services and cloud miner websites. Therefore, it has a real-world utility. Also, as time goes on, there will likely be a growing need for Ankr. Furthermore, the growth of DeFi will require much more resources within the ecosystem, and Ankr can facilitate this too. Consequently, we will probably see more and more dApps being developed that require computing power to run, which will make Ankr more appealing to developers.
As you see, various predictions have been made regarding the ANKR token. After summarizing all the forecasts of significant sites, we can conclude that ANKR will grow soon. Ankr has a competent team and dedicated community behind it. Moreover, if everything goes according to the plan, the upcoming years will be encouraging for ANKR. Then ANKR is a good investment, and it will benefit in the future.
However, future cryptocurrency prices cannot be determined with absolute certainty since various factors affect the price. Therefore, it is crucial to do your research and proceed with caution.