What is Ankr?
Ankr is a cryptocurrency that aims to democratize the internet. By leveraging Web3 technologies, the ANKR token makes better use of companies’ excess computing resources. This provides cloud computing solutions through the blockchain.
Although Web3 is still in its early stages, the ANKR token is a likely candidate for the Internet’s future currency. The token has grown significantly this year, which puts it into consideration as an investment option.
Is Ankr a good investment opportunity?
The bear cycle will come guys make no mistake about it. It’s going to happen.
Bull cycles don’t continue forever, and when the bear markets do come, coins are hugely undervalued compared to what they should be, what they offer.
I, and the rest of the team at Daily Money Tree with the help of James McMahon from Copy my Crypto, dive into all the coins and find the ones we feel have huge potential for 100x, 200x…
So, let’s talk about Ankr.
Ankr’s currently sitting at about 18 cents now.
In June there was a sort of three-month stagnation period that we had in the market when the price had dropped to 5 cents, and that was a very good entry point.
Here’s a video about Ankr from the Crypto with James YouTube channel from June 8th:
Ankr as a project, is a very strong long-term hold and it has real potential to break into that sort of top echelon of crypto projects.
As we can see over particularly the last four weeks it’s rallied like mad and it’s got back up near to the previous all-time high sitting around 18 cents.
Ankr fundamentally approaches crypto in the way that cryptos should be approached.
A lot of cryptocurrencies are dubbed “Ethereum killers”. I have seen too many media outlets with headings along the lines of Polkadot the Ethereum killer, Cardano the Ethereum killer, Avalanche the Ethereum killer, etc.
That’s not what crypto is supposed to be, and that’s not what it is going to be.
Cryptocurrency is going to be multi-chain, interoperable, working together, if you will.
Those media hype outlets are generally terrible because they don’t accurately convey what crypto is.
Ankr is firmly a multi-chain coin, as is the creators’ vision for the future been since the beginning.
Over time Ethereum is going to continue to be used. It may start being considered a store of value because its ecosystem is enormous.
Solana, Cardano, Avalanche, and similar cryptocurrencies are going to be taking a share of Ethereum’s market cap to a certain degree, but all of them will inevitably interact with each other.
According to their own website, Ankr.com:
“A global, distributed network of nodes across 50+ proof-of-stake chains. ANKR brings two movements together: web3 and decentralized finance (Defi). The web3 movement is about decentralized applications, protocols, and smart contracts, while the Defi movement creates the financial system for web3 — money embedded in infrastructure. By bringing them together, Ankr powers the crypto economy.”
And this is absolutely true.
Another very important signal that hints at how immense its potential could be is the incredible team behind Ankr. Among other things, their team has worked on Oracle, Google, Yandex, Ethereum, etc. Some of the members of their huge and amazing team are Chandler Song (CEO), Ryan Fang (COO), and Stanley Wu (CTO).
In terms of innovations that we’re seeing, they’re paving the way for the open internet of the future.
The basic idea is to have the internet be an infrastructure under web 3 that allows blockchains to interact and provide services.
Some of the data that has really impressed me and convinced me even more that Ankr is a good investment are:
- Ankr processed over a billion dollars of transactions per month
- There are 500 million plus calls to the blockchain per day
- They’ve got over 8 000 nodes launched
- 45 plus chains supported
Is Ankr a good investment strategy?
The primary use of ANKR cryptocurrency is to pay for cloud computing resources, but many also see it as an investment in cryptocurrency wallets. Since the beginning of 2021, the price of the token has risen by an impressive 700%. This is an easy entry point for novice investors – given its growth this year, there could be a sizable increase in the future.
2022 is expected to be a very positive year for the entire cryptocurrency market and ANKR will be the leading cryptocurrency among them. I know that at this moment it is not possible to predict the future, but one thing is certain: ANKR’s past has been very good and, if all goes according to plan, the next few years will be very positive for ANKR.
It has a smart team, a dedicated community, and most importantly, a supportive fan base. If all these factors come together, it is entirely possible that by late 2022 or early 2023, it will cross the $ 1 threshold.
So, the answer to the question “Is ANKR a good investment?” is yes, absolutely. It might be one of the cryptos with 100x potential in the future.
Copy my Crypto
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To your success!