The continuously evolving crypto market gives rise to new crypto coins with varying use cases and adaptability, and Ankr is one of them, which has the capability of decentralized financing. By supporting more than 40 blockchain protocols Ankr is bringing a new landscape to the crypto platform.
Table of content
- What is Ankr (ANKR)?
- Why is ANKR popular?
- Market details of ANKR tokens.
- Factors determining the value of ANKR.
- ANKR price predictions.
- How to buy ANKR tokens?
What is Ankr (ANKR)?
Ankr is a decentralized blockchain platform that supports Defi applications, providing a unique solution for decentralization to eliminate conventional infrastructure barriers. By integrating traditional cloud architecture and blockchain technology along with sharding and proof of stake mechanisms, Ankr provides scalability and security to decentralized apps. Its native token, ANKR is used for decentralized transactions.
Why is ANKR popular?
There are many distributed ledger technology projects available on the crypto platform contributing to the development of Web3. What makes ANKR stand out from the rest is the unique features that add security and privacy to the platform. The Intel SGX technology, the major highlight of the project, allows the execution of decentralized apps with the hardware ecosystem, offering cost-effective solutions for business firms and organizations.
Market details of ANKR tokens
ANKR has a limited supply of 10 billion tokens. It has a market cap of $463.36 million and a trading volume of $44.7 million. An all-time lowest price of $0.0007111in March 2020 and an all-time highest price of $0.2252 in March 2021, shows a significant potential for price increase within a short span. The token is currently priced at $0.046.
Factors determining the value of ANKR
Drastic price fluctuations are an inevitable feature of the volatile crypto market and various factors contribute to the changes. The value of ANKR is affected by market trends and socio-economic factors.
1. Limited supply
ANKR has a limited supply of tokens, capped at 10 billion. The capped supply is a strategy to create inflation during demands, causing an increase in the value of the coin.
2. Competition
Competition from major cryptocurrencies can decrease the demand for the coin, resulting in a decline in price.
3. Development upgrades
Development in the platforms can increase the value of the coin. ANKR platform has released Stkr protocols and ANKR mainnet which allows automatic staking of ETH coins providing a faster and smoother staking mechanism.
4. Regulations
Government regulations like tax policies can limit the use of ANKR tokens, resulting in decreased demand.
ANKR price prediction
ANKR is one of the few blockchains that creates a fully decentralized platform for business firms and organizations. By allowing users to participate in three different ways, ie by running their own nodes and stakings, developing and executing applications, and accessing solutions, the Ankr platform increases the value of the token. However apart from fundamental factors, social and economic factors can affect the value of ANKR, causing fluctuations in price.
ANKR price prediction for the year 2024
| Month | Min price | Avg price | Max price | Potential ROI |
| December | $ 0.045399 | $ 0.050996 | $ 0.06254 | 34.45% |
By the end of 2024, ANKR is expected to trade at a minimum price of $0.045399 and a maximum of $0.06254. Compared to today’s price, the potential return on investment by the end of the month would be 34.45%.
ANKR price prediction for the year 2025
| Month | Min price | Avg price | Max price | Potential ROI |
| January | $ 0.084983 | $ 0.138439 | $ 0.193956 | 317.14% |
| February | $ 0.145037 | $ 0.17505 | $ 0.206074 | 343.82% |
| March | $ 0.115623 | $ 0.13938 | $ 0.177585 | 282.43% |
| April | $ 0.080352 | $ 0.097027 | $ 0.119541 | 157.47% |
| May | $ 0.074825 | $ 0.090525 | $ 0.114012 | 145.54% |
| June | $ 0.112049 | $ 0.117981 | $ 0.125321 | 169.93% |
| July | $ 0.094399 | $ 0.113097 | $ 0.139491 | 200.43% |
| August | $ 0.097494 | $ 0.107924 | $ 0.114889 | 147.67% |
| September | $ 0.112905 | $ 0.143151 | $ 0.173663 | 274.06% |
| October | $ 0.115184 | $ 0.133641 | $ 0.18766 | 304.21% |
| November | $ 0.082285 | $ 0.112384 | $ 0.132582 | 185.57% |
| December | $ 0.080964 | $ 0.095023 | $ 0.105822 | 126.9% |
In 2025, ANKR is forecasting a trade in between $0.074825 and $0.206074. The average anticipated trade is at a rate of $0.121969 through the year. The highest price expected is in February and the least expected price is in May.
How to buy ANKR tokens?
Buying an ANKR token is simple and involves only a few steps.
1. Choose a trusted exchange platform
Select an exchange platform to buy ANKR tokens. Choose a platform that offers robust security, faster and low-cost transactions, and multiple crypto availability. Read customer reviews and feedback before choosing.
2. Signup to the platform
By filling in the required information like name, email address, and country of residence create your account.
3. Verify account
Verify the account by providing any identity document.
4. Link your payment source
You can buy ANKR tokens using any payment method including credit or debit cards, wallets, etc. Link it to the exchange platform to process payments.
5. Buy ANKR
Make the payment and choose the amount of ANKR you wish to purchase. Click on confirm and the ANKR tokens will be transferred into your wallet.
Final Thoughts
ANKR is a significant boost to the defi platform, offering an increasing potential for long-term investment. The growth and development of the ANKR network raise the popularity of ANKR tokens leading to a price hike in the near future. Unexpected market fluctuations may affect the predicted price resulting in a low or high price from the predicted data.