Ankr Price

Ankr is a Web3 infrastructure and cross-chain decentralized finance (DeFi) platform that provides easy, accessible, and affordable blockchain node hosting solutions. Users can deploy blockchain nodes at a lower cost than public cloud providers as Ankr makes use of idle computing resources in data centers. The platform can be used for the deployment of staking nodes, developer APIs, and enterprise solutions, such as cryptocurrency exchanges, staking platforms, and data analytics. The Ankr protocol marketplace provides access to a range of blockchains and the platform supports more than 40 blockchain protocols for staking and developing purposes.

ANKR is the native token of the protocol and is used as a payment method on the platform. The price of ANKR has seen some major changes since its launch and if you want to know why then you’re in the right place. We’ve compiled everything you need to know about ANKR price – as well as the factors which influence it.

Ankr Price History

ANKR hit the market in March 2019 trading at around $0.012. After climbing to $0.015 that month, ANKR spent the rest of the year mostly in decline and had fallen to $0.0015 by the end of 2019 – an 88% drop since its launch.

After making no significant moves in the first month of 2020, prices began to climb in February and peaked at $0.0041. The trend then reversed until ANKR bottomed out at $0.0006 in March following a crash of 50% in a single day. Prices then grew steadily for the next few months before the increase became steeper in August. That was when ANKR regained $0.01 again for the first time in a year and went on the peak at $0.019. After consolidating for the rest of August, ANKR pulled back to $0.0045 in September. Prices climbed back to $0.01 in October in ANKR traded within a $0.006 to $0.013 range for the rest of the year. At the end of 2020, ANKR was worth $0.0084, representing a 500% increase since the start of the year.

2021 provided the most significant change yet for ANKR. Prices had climbed to $0.012 by the end of January and surpassed $0.02 then $0.03 in quick succession in February. The growth became exponential in March when Ankr’s market cap exceeded $1 billion for the first time. The sharp surge reached its peak on 28 March 2021 when ANKR hit its all-time high of $0.22. By that point Ankr had a market cap of over $1.3 billion. Prices retraced and dipped below $0.12 in the first week of April before retesting $0.21 nine days later. There was another pullback of over 50% in the second half of April but ANKR managed to regain $0.18 by the end of the month. This represented year-to-date gains of over 2,000%.

Analyzing Ankr Price History

ANKR’s price history can be analyzed with many of the same techniques as stock market analysis. Technical analysis (TA) involves using various indicators while studying price charts in order to make sense of previous price movements. With ANKR, as with many other tradable assets, large price swings are often accompanied by spikes in trading volume, as a large number of users buy or sell their coins on exchanges.

Fundamental analysis (FA), on the other hand, looks at the finances and activities of a company, as well as the state of the wider market and economy. Ankr raised $18.7 million in its initial coin offering (ICO) and its co-founders had previous experience of working at Amazon and Morgan Stanley, which could be good signs for the project’s fundamentals.

Broader market trends have also played a role in ANKR’s price history. Its surge at the start of 2021 wasn’t unique – the entire crypto market pumped around this time. Bitcoin was in the midst of a major bull run then, and with such strong market dominance, any significant price movement for Bitcoin often impacts other cryptocurrencies.

ANKR’s huge single-day drop in March came as economies and borders were closing down around the world in response to the COVID-19 pandemic. The effect of this was felt by the whole cryptocurrency sector and the entire stock market, which experienced the biggest single-day crash since 1987.

The overall price trend of ANKR tends to follow what’s known as a boom-and-bust cycle. This is a pattern in which a period of growing excitement leads to a surge in price before doubt and disillusionment set in and result in a crash.

Factors Influencing The Price of Ankr (ANKR)

A variety of different things can affect the price of ANKR, including project news and developments, the flow of assets on exchanges, public sentiment, and emerging trends in the wider cryptocurrency and global economies.

ANKR has a capped max supply of 10 billion making it a scarce asset, like Bitcoin. The max supply will be reached in September 2022, after which no new tokens will be released, meaning any increase in demand will drive up ANKR’s price.

In order to operate a node or sell idle computer resources, it is required to stake ANKR. Node operators can also pay their node hosting fees in ANKR. As both node operators and computing services providers earn rewards, there is an incentive to buy and stake ANKR to participate in the network. Cloud consumers also use ANKR tokens to pay for cloud computing services and are rewarded for their consumption. This demand for ANKR from network participants puts upward pressure on the token’s price.

As the network expands and gains more users there will therefore be greater demand for ANKR. The platform already supports more than 40 blockchain protocols for staking and developing purposes and has deployed over 8,000 nodes. In 2020 alone, Ankr integrated at least 50 new protocols, introduced Ankr enterprise services, and launched blockchain API services. Future updates and integrations could boost ANKR’s price further.

Live Ankr Value and Market Cap

The live price of ANKR varies from moment to moment as it’s dictated by the balance of buyers and sellers on exchanges, which is in constant flux. 

Given ANKR’s volatility, its live price can change by a large amount in a very short space of time. The market cap of Ankr is equal to the price of ANKR multiplied by the number of ANKR in circulation.

Ankr Price FAQ

What Is the Highest Price of Ankr in EUR?

Ankr price history shows that ANKR has recorded a peak value of EUR.

What Is the Lowest Price of Ankr in EUR?

Kriptomat data confirms that EUR is the lowest recorded Ankr value.

How Can I Buy Ankr?

There’s no need to consult an expert to tell you how to buy Ankr. It’s fast and easy to buy ANKR at Kriptomat. Ankr is available for immediate purchase at the current ANKR price quote of EUR. Current prices are always displayed in the ANKR chart.

What Is the Current Price of Ankr in EUR?

Ankr is available for immediate purchase at Kriptomat. The current price is EUR.

How is the price of ANKR calculated?

ANKR’s price at any given time is decided by the balance of supply and demand on exchanges. When more people are buying ANKR than selling it, the price goes up, and when more are selling than buying, the price goes down.

Why is the price of ANKR different on different cryptocurrency exchanges?

ANKR’s price is based purely on trading as there is no standard global ANKR price, so no one knows what it is “supposed” to cost. The trading volume and liquidity are different for each exchange and those differences are what affect the price.

What will ANKR be worth in the future?

It’s impossible to make price predictions with any kind of absolute certainty, as a whole host of different factors could play a role in determining the future value of ANKR. However, if future Ankr updates and integrations onboard new users, ANKR could rise in price.

Conclusion

The price of ANKR has seen significant change throughout its history, going from lows of $0.0006 to highs of $0.22. The journey wasn’t smooth, however, as ANKR’s volatility has led to surges and crashes along the way.

Many different factors have played a role in determining the price of ANKR, including demand from network participants, new updates and integrations, and trends in the rest of the crypto market and wider economy. Its current valuation is derived from the balance of supply and demand in the markets and constantly changes.

If you want to get started with the most user-friendly trading experience on the market, register with Kriptomat today to begin your journey into the world of Ankr and cryptocurrencies!