Is Ankr (ANKR) Cryptocurrency A Buy Right Now?

Last Updated May 23rd 2022
4 Min Read

Ankr has been an emerging force in the decentralized finance market, but is this the right time to buy ANKR? Let’s see. 

The cloud-computing sphere is a hyper-growth sector with well-defined structures and large players that dominate the market. The problem here is that pricing power resides mainly in the hands of cloud-computing providers. But Ankr, a decentralized cryptocurrency, aims to disrupt the space for good. The network borrows underutilized hardware from cloud-computing providers and rents it out to users that require cloud infrastructure. As a result, Ankr has been making some serious gains lately, leaving investors to wonder if ANKR is a buy, hold or sell right now. 

A Market-Beating Cryptocurrency — But For How Much Longer?

Thanks to its competitive edge in offering a low-cost, eco-friendly service, Ankr has been on the rise lately. 

Ankr is a high-performance computing platform designed to take advantage of unused computing resources in data centers and edge computers. It aims to facilitate developers and enterprise clients to deploy blockchain nodes quickly, at a lower cost than any other public cloud provider.

Cloud-computing companies can maximize the use of their computing power in exchange for ANKR tokens. The token would likely see a surge in its price this year as it offers multiple utilities for end-users. The network also has a DeFi platform and provides cloud services to developers and stakers to seamlessly create and circulate dApps. 

Ankr helps minimize wastage in every sector. The idea of maximizing underutilized assets seems to be an eco-friendly endeavor. The blockchain network provides services by using what already exists rather than adding to the energy-consumption problems plaguing the sector, making ANKR a sustainable cryptocurrency to invest in. 

Don't Miss: The 5 Best Ways To Buy ANKR

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

The Road Ahead For Ankr

Ankr aims to be the largest player in the future of multi-chain, cross-chain, and Infrastructure Finance, pushing ANKR’s investability quotient. 

Ankr has already positioned itself as a leading platform for a large group of Web3 developers and DeFi token stakers. It is creating the future of decentralized infrastructure and multi-chain solutions and is servicing over 50 Proof-of-Stake chains with an industry-leading global node delivery system. The network is also rapidly adding to its arsenal of developer toolkits. 

The Rising Demand For Decentralized Solutions

The demand for decentralized solutions is on the rise today. Decentralized cloud-computing platforms like Ankr offer network stability and relatively low-cost cloud-computing services to companies looking for decentralized options. With increasing demand, Ankr could see increased adoption, driving the token price. 

Ankr's StakeFi Services - A New Level Of Staking 

Apart from offering cloud-computing services, Ankr also introduces a novel approach to how investors stake tokens. Ankr's StakeFi service intends to solve the capital inefficiency of Proof of Stake blockchains. The platform does this by using synthetic derivatives to limit the amount of initial capital that investors need to put up. 

The Launch Of Liquid Bridge And Multi-Chain API

Ankr is the largest node provider for both Binance and Polygon. It recently announced the release of two of its new products - Ankr Bridge and a set of multi-chain APIs that boosts blockchain development. The release of the Ankr Bridge and its unparalleled API offerings has positioned it as a leader in Web3 infrastructure, making ANKR a good buy now. 

Ankr Bridge is basically a cross-chain liquid staking bridge that allows users to purchase liquid staking tokens on a decentralized exchange regardless of the underlying blockchain. Users can also find more arbitrage opportunities and trade liquid staking tokens without dealing with network fees on different exchanges. 

In a multi-chain Web 3 sphere, having seamless access to data on multiple chains is crucial. The Ankr Advanced API allows developers and companies to extract the information they require on almost 11 blockchains, allowing them to focus on scaling their respective projects. 

However, with the new launch, and the growing API integration, the Ankr network will see massive adoption in the coming years, making this the right time to invest in ANKR. 

Is ANKR A Buy, Hold Or Sell?

The network’s plans to expand its market share into the rising DeFi category is yet another addition to the reasons to buy ANKR now for future returns. 

Ankr is becoming a revolutionary force in the rapidly growing sphere of decentralized finance, which would significantly boost the asset’s value and demand. The crypto is also creating some real-world value with its network. Companies can use Ankr's protocol to maximize their returns while providing decentralized cloud-computing services to their users. 

It offers several crypto-centric services like one-click node deployment, API services, and access to over 40 major blockchains, making Ankr one of the top cryptocurrencies to buy now. 

By collaborating with industry partners, Ankr Network also aims to contribute to several chains that would address distinct business scenarios, including real estate, financial products, automobiles, art collection, wine, and others in the future. Thanks to its robust technology, significant market cap, and growing cryptocurrency market momentum, ANKR seems well-positioned to become a profitable investment option. 

Check Out: Ankr (ANKR) Price Prediction

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

A Cryptocurrency Under Close Watch — Now And Always

Considering everything the crypto offers and its rapid growth, ANKR seems to be a good cryptocurrency to buy now. 

So, is ANKR a buy, hold or sell? Venture capitalists and top investors are backing the coin, which is providing blockchain solutions to cloud computing and helping users to simplify earnings. Ankr has positioned itself as the foundation of the Web3 movement and is aiming to create a user-friendly tool for individual and enterprise customers. 

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

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