Can ANKR Improve the Efficiency of the Blockchain Ecosystem? - Kakiforex.com - Financial Market Media No. 1 in the World Can ANKR Improve the Efficiency of the Blockchain Ecosystem? Can ANKR Improve the Efficiency of the Blockchain Ecosystem?
InstaForex

June 28, 2021

Can ANKR Improve the Efficiency of the Blockchain Ecosystem?

 ANKR was established in November 2017 as a solution that uses shared resources and aims to provide a simple and affordable blockchain node hosting solution.


Blockchain node hosting in ANKR is also able to solve all centralization problems and all points of failure encountered.


Its founder Chandler Song argues that with such a method it can indirectly give developers and enterprise clients the ability to use blockchain nodes easily at a much cheaper price.


To date, ANKR has a market capitalization of $ 482 million and ranks ANKR 103rd as the most valuable crypto based on market capitalization.


If you look at the ANKR/USDT price movement chart, the ANKR price seems to be still hovering and moving slowly below the SBR (support become resistance) level of $ 0.075 after jumping from the support level around $ 0.055.


If the price movement returns ‘terroristically’ in making the rise, the next SBR zone around $ 0.090- $ 0.095 will be the main focus level to be tested before the price returns to record a more aggressive rise.



The expectation of a higher increase is expected to lead to the level of SBR $ 0.11 and further with the increase it will give a clear signal for the price of ANKR to return to make a bullish trend.


However, if the ANKR price movement returns to show a bearish pattern, the price is expected to head to the support level of $ 0.055 and it is assessed whether the zone is able to support the price surge again.


On the other hand, if the decline continues to break the support level of $ 0.055, it is likely that the price is expected to test the resistance level of $ 0.035 or make a lower decline.


As of 11.30am local time, the ANKR price was slightly down by 2.30% to trade at around $ 0.070.