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Ankr is one of the few blockchain projects seeking to create its own, truly decentralized environment for a new generation of businesses. Moreover, the developers of Ankr set a goal to combine computers into one large network of computing power so that businesses can optimize their cloud services, and computer users can receive rewards for providing disk space. In this article, we try to figure out the perspectives of this new project.
ANKR Overview: How Does It Work?
Ankr is a blockchain protocol for cloud computing, which could help entrepreneurs make their business truly efficient and profitable. The Ankr management system is based on smart contracts that allow users to monetize their participation in the network, while business representatives can use inexpensive and secure data storage.
The Ankr network was founded in 2017 by Chandler Song and Ryan Fung at the University of Berkeley in California as a distributed computing platform that takes advantage of blockchain technologies. Chandler Song worked as an engineer at Amazon Web Services, and Ryan Fung was an investment banker at Morgan Stanley.
Below, you can find a video review of the Ankr cryptocurrency and its native token, ANKR.
The Proof-of-Useful-Work Consensus (PoUW), which is used in the ANKR network, is capable of achieving high-security standards while consuming low energy. The latest PoUW approach offers a great potential for idle computing power worldwide, providing sufficient incentives: in this structure, each participant is eligible for the calculations reward and the additional reward for creating blocks. The Ankr blockchain can solve most of Bitcoin’s network problems by implementing a resource-efficient blockchain that uses distributed cloud computing and provides a convenient infrastructure for business applications. Thanks to the innovations and improvements Ankr has the following advantages:
A new incentive scheme based on a useful computing load;
Distributed computing power based on serverless and uncontrolled computing devices;
An effective Oracle system for interacting with existing businesses;
Security and confidentiality guaranteed by both hardware and cryptographic primitives;
Speed and scalability using Plasma-Chain and sharding.
Ankr is a platform that provides a collaborative economy where any client can access resources at a more affordable price, and enterprises get an opportunity to monetize their unused computing power. This approach is unique as Ankr is the first platform to use trusted equipment, ensuring a high level of security.
ANKR Technical Analysis
Below, we share the common crypto enthusiasts’ opinions about the future trading opportunities of ANKR. All the data is provided by the cryptocurrency analytical source TradingView.
ANKR Price Predictions for 2022 by Experts
According to the ANKR price forecast, investors could take advantage of the pullback for long-term positions. As a result, it is expected that the ANKR price will equal $1 throughout the next year.
There are 10,000,000,000 ANKR tokens in circulation. The highest registered price of ANKR is $0.215, and its lowest registered price is $0.00.
WalletInvestor
According to WalletInvestor forecasts, the value of ANKR may grow to $0.293 by 2022 and $0.814 by 2025, showing an increase of 440% over the next five years. As claimed by analysts, ANKR has virtually no risk of collapsing in both the short and the long term, which makes this cryptocurrency very attractive for investment.
Government Capital
As stated by Gov Capital, the price of the ANKR coin can increase by more than 200% over the next five years, reaching the level of $0.325 in 2022, $0.441 in 2023, and $0.545 in 2025. Gov Capital analysts consider ANKR a profitable investment, and they do not predict downward trends for this cryptocurrency.
TradingBeasts
In accordance with the most conservative forecast by TradingBeasts, the price of the ANKR coin may grow by about 120% over the next three years, increasing to $0.286 by the end of 2022 and to $0.328 by the end of 2023. TradingBeasts’ analysts are confident that ANKR has good growth potential and see no reason for this cryptocurrency to crash.
ANKR Price Prediction at the Beginning of 2022
There is a strong hope that ANKR may continue its growth until the end of 2021. Most of the crypto analysts give optimistic forecasts about the price of ANKR, based on the fundamentals and its previous successes. Thanks to reliable technology, significant market capitalization, and positive dynamics of the crypto market, ANKR has all chances to become one of the most traded cryptocurrencies.
ANKR January 2022
ANKR is projected to reach $0.172 at the beginning and $0.183 at the end of the month. The average ANKR rate for January could be $0.177. The maximum cost is expected at $0.193 per coin, and the minimum might be at $0.173. It is predicted that this crypto asset may grow by $0.015 or +9.11% in January 2022.
ANKR February 2022
The ANKR exchange rate could be $0.190 and $0.197 at the beginning and the end of February, respectively. That month, the ANKR price is projected to reach an average monthly level of $0.22. The coin may trade between a maximum of $0.23 and a minimum of $0.21. ANKR may grow by $0.009 or +5.20% in February 2022.
ANKR Price Prediction 2022
By the end of 2021, the ANKR price is predicted to exceed the $0.17 level. In accordance with the ANKR forecast price and technical analysis, there are all chances ANKR may surpass the price level of $0.30 by the end of 2022.
ANKR Price Prediction 2023
The ANKR prices are estimated to cross an average of $0.23 in 2023. It’s supposed that the ANKR coin has the potential for reaching an all-time high of $0.48 at the end of 2023.
ANKR Price Prediction 2024
ANKR might reach $0.6 by the middle of 2024. Moreover, ANKR could climb to an average trading price of $0.73 at the end of 2024.
ANKR Price Prediction 2025
The ANKR exchange price might reach an average level of $0.50 in 2025. ANKR also has the potential to go up to a maximum price of $1.07 per coin that year.
ANKR Price Prediction 2030
The Ankr price is expected to plunge to the lowest possible level of $3.95 in 2030. At the same time, according to the cryptocurrency price prediction index, ANKR could reach the highest possible level of $6.93, with an expected average price of $4.89.
Why Is the Price of ANKR Rising?
The price of ANKR will be strongly influenced by its widespread recognition from individuals and exchanges, and thus, positive growth can be seen in the coming years. However, the price of ANKR may be affected by the price movement of Bitcoin. ANKR is a cryptocurrency that will perform well in a competitive environment, but it may suffer greatly from a possible fall in 2022 and 2023.
Is ANKR a Good Investment?
In 2021, ANKR is showing a growing trend, and analysts from WalletInvestor, DigitalCoin, and TradingBeasts consider this cryptocurrency a good investment idea. However, it’s worth keeping in mind that the cryptocurrency market is unpredictable, and investors should take into account their investment goals and risk appetite when making any transactions.
Where Can I Buy ANKR?
If you are looking for a safe place to buy some ANKR coins, the best choice is an instant crypto exchange Changelly. Here, you can easily get ANKR or any other of 200+ digital assets available at Changelly. Users can buy and sell digital coins with a credit or debit card just in a few clicks.
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What Is the ANKR Coin Used for?
Being based on the ERC-20 standard, the ANKR token should be used as a store of value and a means for transmitting values in the Ankr network. Another function is the PoUW calculation fees for miners. The ANKR price will grow in proportion to users’ activity within the platform and demand for computing power.
Who Created the ANKR Coin?
The development team is based in California, USA. Chandler Song is one of the founders and Chief Executive Officer. Ryan Fang is another founder of the Ankr network and Chief Operating Officer of the project. Previously he worked at Credit Suisse Morgan Stanley.
Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
