Should you buy ANKR after they unveiled plans for Ankr Network 2.0?

on Jul 15, 2022
  • Ankr (ANKR) has increased in value by 3% in the span of the last 24 hours.
  • This occurred after Ankr announced the upgrade called "Ankr Network 2.0".
  • This upgrade is aimed at improving Web3 decentralisation through a variety of different features.

Ankr (ANKR/USD) is a decentralised Web3 infrastructure provider that aims to aid developers, decentralised applications as well s stakers to essentially interact easily with an array of blockchains.

Users can gain access to APIs as well as RPCs as a means of building decentralised applications with ease and even get custom solutions for blockchain enterprise requirements.

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ANKR is the native cryptocurrency that powers all activity within the Ankr Protocol.

Ankr Network 2.0 upgrade as a catalyst for growth

We covered Ankr’s biggest upgrades yet, the Ankr Network 2.0.

However, when it comes to the increase in the utility of the ANKR cryptocurrency specifically, it will play a much larger role with this upgrade.

Developers can gain access to on-chain (RPC) requests by using it, independent node providers can serve blockchain requests and earn ANKR, and stakers can contribute ANKR to nodes as a means of securing the network.

This increased level of utility can contribute to the growth of the cryptocurrency, as interest in it, as well as demand, will increase.

Should you buy Ankr (ANKR)?

On July 15, 2022, Ankr (ANKR) had a value of $0.02741.

In order for us to get a better perspective as to what kind of value point this is for the ANKR cryptocurrency, we will be going over the all-time high point of value for the cryptocurrency, as well as its performance throughout June.

Ankr (ANKR) had its all-time high point of value on April 16, 2021, when it reached a value of $0.213513.

When we go over the performance of the token in June, we can see that Ankr (ANKR) had its highest point of value on June 6 at $0.04078. Its lowest point was on June 18 at $0.02322.

Here, we can see that from June 6 to June 18, the cryptocurrency decreased in value by $0.01756 or by 43%.

However, from June 18 to July 15, the cryptocurrency increased in value by $0.00419 or by 18%.

With this in mind, with the upgrade planned, we can expect ANKR to reach a value of $0.05 by the end of July 2022.

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*Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.