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With the news that Amazon could be about to start accepting cryptocurrencies as a form of payment, and that the company may be venturing into the cryptocurrency sphere with its own maiden coin, the cryptocurrency market as a whole has rallied.
One of the cryptocurrencies that has benefited the most from this broad uptick is Ankr (ANKR). In the last 24 hours, its price has surged by over 30% to $0.0829, and its trading volume is up 870% to $171 million. Because of this market behaviour, the cryptocurrency community has been awash with investors and traders trying to find out more about Ankr coin and its potential for growth.
This article aims to help those people. Read on to find an explanation of what Ankr is and how it works, what the future could hold for the cryptocurrency, and what our ANKR price forecast is for 2021 and beyond.
If you want to buy Ankr tokens now, check out the section immediately below. There, you can find our list of the best places to buy, sell and trade ANKR coin online.
How & where to buy ANKR stock online
Before we get into our list of the best platforms to buy Ankr tokens, let’s clear up a common misconception: Ankr is a cryptocurrency, not a stock.
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What is Ankr?
Ankr is a cryptocurrency project that was founded back in November 2017 at Berkeley University in California as a distributed computing platform that takes advantage of blockchain technologies. It is a platform that claims to make building dApps, hosting nodes and staking simple, affordable and easy.
In its time on the public market, and powered by the native ANKR token, it has built a marketplace for container-based cloud services through the usage of shared resources. Moreover, it is unique because it leverages idle computing power from devices and data centres as a whole, increasing efficiencies and enabling a seamless sharing economy.
The ANKR token can be used to pay for services on the Ankr platform, such as node deployment and API services, participate in on-chain governance and also acts as collateral for network participants.
Should I buy ANKR tokens today?
If you have conducted research and determined this is a project you believe in for the long term, investing now and holding could be a smart move.
However, the road to value creation for Ankr is unlikely to be straightforward or smooth, and cryptocurrency’s innate volatility is likely to make things more unpredictable than other asset classes.
Will Ankr make me rich?
It’s unlikely, but just look at some of the crypto stories from the last few years like Bitcoin, Ethereum and Dogecoin. It is always possible, and you have to own a ticket to win the lottery.
ANKR price prediction 2021
As far as what price Ankr will be in 2021 and beyond, our price prediction can help inform you: $0.25 by the end of 2021, $0.30 in 2022, and up to $0.60 within 5 years.
Social media coverage of $ANKR
We are getting ready to support the @Polkadot Parachain Crowdloans.
Are you ready?👀 pic.twitter.com/Vj2Y1nns8d— Ankr (@ankr) July 22, 2021
We have added further support for a full Developer API solution for building projects on @0xPolygon.
➡️ HTTPS and/or WSS endpoint
➡️ Full Node and/or Archive Node
➡️ Validator Nodes
Read more:
https://t.co/nqHGnvTZQZ pic.twitter.com/edsutyxIYX— Ankr (@ankr) July 22, 2021
2$ANKR just retraced for 87 days before it bottomed. I don't know when this run will end or where it will end. A guess of between $0.34 (the 1.618 fib extension) to $1.19 (the 5.618 fib extension) seems most likely, but the trendline of the peaks suggests above $2.20 is possible pic.twitter.com/ppAgqu1hR0
— Tryingtodomybest (@Engineeringhere) July 26, 2021
Top 15 projects between 500M – 1B market gap with potential to grow. $ENJ $QNT $MDX $NEAR $STX $BNT $MANA $ONE $UMA $ONT $CRV $OMG $SC $FTM $ANKR pic.twitter.com/p4YHzPZ7Xm
— Finvezt (@finvezt) July 18, 2021
We are Ankr wolves , we are Ankr #ankr @ankr pic.twitter.com/uGtw0pu8Rk
— Ankrwolf (@Ankrwolf) July 26, 2021
For the latest news on Ankr and other cryptocurrencies, check out our news section.
The post Where to buy Ankr coin: crypto market surges on Amazon interest appeared first on Invezz.
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Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.