Ankr Network Information

Ankr Network is a blockchain platform focused on decentralized cloud computing and seamless blockchain interoperability. It offers a unique infrastructure that enables businesses and developers to effortlessly deploy blockchain nodes and applications in a cost-effective manner. Through its innovative approach, Ankr aims to democratize the cloud by providing easy access to resources and empowering users with robust decentralized tools.

Ankr Network

$0.03

  • Current Price $ : 0.03243687 $
  • Price Change 24h : 0.0005955 $
  • Price Change % 24h : 1.87019 %
  • Market Cap : 324511364
  • Market Cap Change % 24h : 2.06537 %
  • Return on Investment (ROI) : 391.46778280907 %

Exploring Ankr Network: Bridging the Gap in Blockchain Infrastructure

Ankr Network, with its symbol ANKR, has established itself as a multifaceted cryptocurrency aiming to provide a decentralized Web3 infrastructure. With an ambitious goal of improving blockchain node hosting and earning possibilities across a host of different blockchains, Ankr Network serves the growing demand for efficient, scalable, and decentralized solutions in the crypto space.

The Evolution of Ankr Network

Launched in the face of burgeoning blockchain technology needs, Ankr Network quickly rose to prominence, marked by significant developments since its all-time low of $0.00070728 in March 2020. It reached an all-time high of $0.213513 in April 2021—a testament to its growing acceptance and the expanding ecosystem it supports. However, like many emerging cryptocurrencies, its price has seen considerable fluctuation. Recently recorded at $0.0260579, it shows how volatile yet potentially rewarding the investment in ANKR can be.

Advantages of Ankr Network

One of the primary advantages of Ankr Network is its focus on decentralization. Ankr provides a platform for simplifying cloud computing services as well as blockchain node hosting, which is crucial for developers and enterprises seeking cost-effective solutions. Its infrastructure allows users to host nodes and participate in various blockchain ecosystems without the need for extensive technical expertise.

Furthermore, Ankr Network's collaboration with major blockchains and projects adds weight to its credibility and potential for growth. Its emphasis on security, scalability, and ease of use stands to benefit from the increasing demand for Web3 infrastructure.

Drawbacks to Consider

Despite Ankr Network's promising offerings, there are certain drawbacks. The crypto market's inherent volatility reflects in ANKR's pricing, making it subject to significant speculation. Its market cap of approximately $260 million—while respectable—still places it in the mid-tier range of cryptocurrencies, implying potential growth limitations.

Additionally, Ankr's success heavily relies on the overall adoption rate of decentralized web services and the continued expansion of blockchain solutions, which is still an evolving and competitive landscape.

Analyzing Past Performance and Future Prospects

Historically, Ankr Network has shown impressive resilience and growth, riding the wave of blockchain adoption. The coin's past performance, including a remarkable ROI of approximately 294.82%, showcases its potential as a lucrative investment. Its market adaptability and strategic partnerships have played a crucial role in sustaining interest.

Looking to the future, Ankr Network's prospects hinge on the sustained growth of blockchain technologies and increased interest in decentralized solutions. As Web3 continues to gain traction, Ankr's role as a service provider in this ecosystem could enhance its relevance and adoption. Additionally, its involvement in layer-2 scaling and efforts to enhance infrastructure capabilities position Ankr favorably in an expanding digital landscape.

Conclusion: A Viable Player in the Web3 Arena

In conclusion, Ankr Network represents a promising venture into the decentralized infrastructure domain, evidencing notable achievements and the potential for continued expansion. While it faces challenges typical to most emerging technologies, its commitment to innovation and collaboration places it in a strong position to capitalize on the accelerating shift towards Web3 solutions. For investors, developers, and enterprises, Ankr Network offers an interesting opportunity to participate in the evolving crypto narrative, albeit with due diligence and consideration of market dynamics.

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General Information

Title
Ankr Network
Symbol
ankr
Whitepaper
Website
Community
Last Updated
2025-01-21 23:51

Price Data

Current Price $
0.03243687 $
High 24h
0.03336241 $
Low 24h
0.03084579 $
Price Change 24h
0.0005955 $
Price Change % 24h
1.87019 %

Market Data

Market Cap
324511364
Total Volume
27007808
Market Cap Change 24h
6566745
Market Cap Change % 24h
2.06537 %
Return on Investment (ROI)
391.46778280907 %

Supply and Availability

Circulating Supply
10000000000
Total Supply
10000000000
Max Supply
10000000000

Historical Data

All Time High (ATH)
0.213513
ATH Change %
-84.80741 %
ATH Date
2021-04-16 19:44
All Time Low (ATL)
0.00070728
ATL Change %
4486.31285 %
ATL Date
2020-03-13 02:24