Ankr is a decentralized blockchain infrastructure provider that manages a network of over 50 Proof-of-Stake nodes throughout the world. Verification nodes are used by Ankr in the block validation process, ensuring that the network’s quality is maintained.
Ankr is a node infrastructure and decentralised web services provider that enables DApps and blockchains to run and communicate with one another in a seamless manner, while also allowing users to earn more with their assets by delegating them to validator nodes. This differs from centralized systems such as AWS Blockchain and others. The ANKR token will be central to allowing institutional and independent node providers to monetize their excess capacity. It allows node consumers to benefit from a pay-as-you-go model, disrupting traditional blockchain API providers who force users into paid plans that require oversubscription. Let us review the ANKR price
ANKR Price Prediction
Bullish Scenario: ANKR could retrace back to $0.06 support levels. If ANKR manages to break over the resistance level at $0.10 after retracements, it will be bullish. With sufficient purchasing activity, breaking above the $0.12 price barrier will lead to a move towards $0.14 and higher.
Bearish Scenario: We don’t have a strong positive bias for the long-term because ANKR has been in a decline for a few months. If the $0.06 support level fails to hold, the price will sooner or later fall further to $0.05, $0.03, and even below.
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