ANKR Price Prediction 2024: Can ANKR Recover From Slump?

Key Takeaways

• ANKR has managed to recover from a low in September last year.
• New developments could see it improve its reach but the coin’s price dropped in March.
• Can ANKR break through the slump?
• One ANKR price prediction says it can reach $0.11 next year.

The ANKR cross-chain protocol and its native token have managed to make something of a comeback after plummeting in early September.

The platform will be hoping that the news it was launching team accounts can help boost the price of ANKR.

Senior project manager Mike Kondratev told CCN: “We’re excited to introduce Team Accounts, another addition to our RPC platform that empowers enterprises and developers to unlock the full potential of their blockchain infrastructure. Team Accounts streamline project management, foster collaboration, and provide valuable insights, enabling our customers to operate with greater efficiency and achieve their strategic goals in the ever-evolving blockchain landscape.”

Things became negative in March, as the coin’s price dropped notably below $0.10. On March 19, 2024, ANKR was worth about $0.276.

But what is ANKR (ANKR)? How does ANKR work? Let’s see what we can find out, and also take a look at some of the ANKR Price Predictions that were being made as of March 19, 2024.

ANKR Price Prediction

Let’s examine some of the ANKR price predictions being made on March 19, 2024. It is crucial to bear in mind that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate. Additionally, please remember that many long-term crypto price predictions are generated using algorithms, which means they can change at any time.

First, CoinCodex  had a short-term ANKR price prediction that suggested some good times were ahead. It said the token would reach $0.042487 by March 24 before continuing to climb to hit $0.049524 on April 18. The site’s technical analysis wasneutral, with 18 indicators sending bullish signals and 12 making bearish ones. 

ANKR Price Prediction for 2024

CaptainAltCoin  said ANKR would reach $0.0597 by December. DigitalCoinPrice  said it would be worth $0.0922 this year. PricePrediction.net  thought it would trade at $0.0664 in 2023.

ANKR Price Prediction for 2025

Moving on, DigitalCoinPrice said ANKR would stand at $0.11 in 2025. PricePrediction.net’s ANKR price forecast said it would be worth $0.0928 that year. CaptainAltCoin said ANKR would reach $0.0818 next year. 

ANKR Price Prediction for 2030

Looking at a more long-term ANKR price prediction, PricePrediction.net said it would be $0.6251 in 2030. DigitalCoinPrice thought the token would be worth $0.31 that year. CaptainAltCoin said ANKR would be worth $0.1759 by the start of the next decade. 

Google Gemini AI Price Prediction for ANKR (as of March 19)

Google’s Gemini platform gave the following price prediction for ANKR on March 19. Please remember that the exact price prediction of an asset or cryptocurrency in the future is nearly impossible to achieve. Additionally, artificial intelligent price predictions are predicated on past performances and are in no way entirely accurate.

Short Term (Next 3 months)

• Expected price: $0.179

• Factors to Consider:
  • General market trends for cryptocurrencies.
  • Adoption and use cases for the Ankr Network.
  • News and announcements from Ankr.
  • Investor sentiment.

Medium Term (Next 6 months)

• Expected price: $0.14

• Reasons:
  • Overall market conditions for cryptocurrencies.
  • Adoption and use of the Ankr network.
  • Success of Ankr’s future developments.
  • Regulatory landscape for cryptocurrencies.

Long Term (Next 5 years)

• Expected price: $0.23

• Reasons:
  • The overall adoption and growth of decentralized cloud computing solutions.
  • The performance of the cryptocurrency market in general.
  • Developments and updates from the Ankr Network team.
  • Market sentiment towards ANKR.

Recent Updates from ANKR

Ankr said  it’s expanding its DePIN network to supercharge its performance while increasing decentralization with the help of the CLV  by Clover, IoTeX, Tencent Cloud, Storj, Mind Heart Soul, Gateway FM and Ankr labs.

ANKR Price History

Now, let’s examine some of the highlights and lowlights of the ANKR price history . While we should never take past performance as an indicator of future results, knowing what the token has achieved can provide us with some very useful context if we want to make or interpret a ANKR price prediction.

ANKR first came onto the open market in March 2019, when it was worth about $0.01. It soon dropped below the cent. It was not until early 2021, when crypto went through a bull market, that things changed. On March 28 2021, it reached an all-time high of $0.2252. ANKR cooled down after this, but was still trading at more than $0.10 at the end of the year, when it was worth $0.1004. 

ANKR suffered in 2022. The collapse of the Terra (LUNA) blockchain in May saw it drop below $0.03 and the FTX (FTT) exchange’s bankruptcy saw it close the year at $0.01535. This meant it lost almost 85% of its value over the course of 2022. 

ANKR in 2023 and 2024

2023 was a year of ups and downs for ANKR. It started well, breaking past $0.05 in February, but has gone downhill since. The fallout of the United States Securities and Exchange Commission (SEC) suing the Binance and Coinbase crypto exchanges saw ANKR fall below $0.02 in the middle of June. While it recovered, things went badly again in August. Elon Musk’s SpaceX selling millions of dollars worth of Bitcoin (BTC) tanked the market. On September 11 2023, ANKR fell to a low of $0.1703.

There was some recovery later in the year, and ANKR closed 2023 at $0.02852. This meant the token enjoyed a year-on-year rise of about 80%. On March 19, 2024, the crypto was worth $0.04239. 

At that time, there were 10 billion ANKR in circulation, representing the total supply. This gave the token a market cap of about $423.9 million, making it the 163rd largest crypto by that measurement. 

ANKR Price Analysis

The price of ANKR was in a bear cycle from the Spring of 2021 until it reached a bottom of $0.017 in December 2022. This low was revisited in June and September 2023. After that, though, a new uptrend started. 

ANKR went up to a high of $0.06, another significant horizontal level, on March 12, 2024. However, as it got rejected, it fell to its $0.04  resistance, now being retested for support. 

If the price establishes support above $0.04 a further increase could be expected. This could be its fourth wave in a five-wave uptrend, with one more advance to $0.08 before completion.

But if it goes below it, we could see the price falling to $0.02. 

Is ANKR a Good Investment?

It is hard to say. While ANKR has made a recovery in recent months, it is not out of the woods yet. The platform is looking at developing new partnerships, so it may not be time to write it off. 

As ever with crypto, you will need to make sure you do your own research before deciding whether or not to invest in ANKR.

Will ANKR go up or down?

No one can really tell right now. While the ANKR crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind, too, that prices can, and do, go down as well as up. 

Should I invest in ANKR?

Before you decide whether or not to invest in ANKR, you will have to do your own research, not only on ANKR, but on other, related, coins and tokens such as SKALE (SKL). Either way, you will also need to make sure that you never invest more money than you can afford to lose.

Who are the Founders of ANKR?

Ankr was founded in 2017 by two former college roommates from UC Berkeley – Chandler Song and Ryan Fang – along with Stanley Wu, a former Amazon computer engineer.

Who Owns the Most ANKR (ANKR) Tokens?

On March 19, 2024, one wallet held 14.00% of ANKR’ supply.

Richest ANKR Wallet Addresses

As of March 19, 2024, the five wallets with the most Floki tokens were

• 0x64014e0614b3942959f48a3b529d45ba33793464. This wallet held 1,399,932,249 ANKR, or 14.00% of the supply.
• 0xa93feeb4740dd145299211551c7ce9d93f818d4f. This wallet held 1,128,579,891 ANKR, or 11.29% of the supply.
• 0xf977814e90da44bfa03b6295a0616a897441acec. This wallet held 971,687,601 ANKR, or 9.72% of the supply.
• 0xefa1f626670445271359940e1ac346ac374019e7. This wallet held 634,473,378 ANKR, or 6.34% of the supply.
• 0xab15b0bddc012092cb23f53953149a7f8c1f9e7f. This wallet held 265,878,433 ANKR, or 2.66% of the supply.

Fact Box

From the Whitepaper

In its technical documentation, or whitepaper , ANKR says Ankr 2.0 is the missing link for Web3 to become decentralized once and for all. Allowing blockchains to work with multiple infrastructure providers on a single network has always been the dream for greater speed, reliability, and decentralization.

“Now with the Ankr Network, that’s all possible. It’s a major move forward for the industry to keep innovating towards an infrastructure that can handle mass adoption in the years to come.”

ANKR Explained

ANKR  is a platform which aims to let people get involved with helping run blockchains across a variety of networks. Computer programmers Chandler Song and Ryan Fang founded the platform in 2017, and its native token, ANKR, was released two years later. 

The ANKR platform is based on the Ethereum (ETH) blockchain. 

How ANKR Works

ANKR aims to turn the process of setting up a node, a computer which helps a blockchain operate, into a simple process that can be carried out with just a few clicks. It offers people a series of tools which simplify the process. ANKR also lets people run nodes on a range of blockchains, potentially letting them earn more crypto. 

The ANKR token is used to pay for transactions on the network. Holders can vote on changes to the platform, and people can buy, sell, and trade it on exchanges. 

Because ANKR is based on Ethereum, it is a token, not a coin. You might see references to such things as an ANKR coin price prediction, but these are wrong. 

ANKR Attention Tracker

Here is a chart for the ANKR Google search volume for the past 90 days. This represents how many times the term “ANKR” has been Googled over the previous 90 days.

FAQs 

Further reading

Disclaimer 

Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

About the Author

Peter Henn

Peter Henn has been a journalist since 2005. In that time, he has written for a variety of publishers including the Mail on Sunday and the Daily Express. He has previously covered the world of cryptocurrency for Currency.com and Capital.com, and has also written for ECigIntelligence.com and CBD-Intel.com. A graduate of the University of Liverpool, he is based in the United Kingdom. His hobbies include music, horse racing and performance art.

See more

[email protected] LinkedIn