This article will analyze the ANKR coin according to coinmarketcap data. First, we will discuss the ANKR coin and its projects and make technical and graphic analyses. The analysis we will do in the weekly period will help the investors to take risks and manage their portfolios.
What is ANKR Coin?
ANKR is a cryptocurrency that operates on the Binance Smart Chain. It is used to pay for services on the Ankr network, a decentralized computing platform that aims to provide affordable and accessible cloud computing services to businesses and developers.
What are the projects of ANKR?
The Ankr network offers a range of services, including:
Computing Power:Ankr provides computing power to businesses and developers at a fraction of the cost of traditional cloud computing providers.
Blockchain Nodes:Ankr offers businesses and developers a simple and affordable way to launch their blockchain nodes.
Decentralized Data Storage:Ankr’s decentralized data storage solution allows businesses and developers to store and manage their data securely.
Factors Influencing ANKR Price
The price of ANKR is influenced by a variety of factors, including:
Market Demand:The price of ANKR is influenced by supply and demand factors. If there is a high demand for ANKR, its price will rise; if there is low demand, its price will fall.
Network Usage:The usage of the Ankr network by businesses and developers can also impact the price of ANKR. As more users utilize the network, demand for ANKR may increase, which could lead to a rise in price.
Crypto Market Conditions:The price of ANKR, like other cryptocurrencies, can be influenced by the overall market conditions of the crypto market. If the market is bullish, the cost of ANKR may rise, and if it is bearish, the price may fall.
Partnerships and Collaborations:Partnerships and collaborations with other companies and projects can also impact the price of ANKR. Positive news regarding such partnerships could increase demand for ANKR, which may drive up its price.
Technology Developments: Developments in the Ankr network’s technology, such as new services or upgrades, can also impact the price of ANKR. If the network’s technology is improved or expanded, it could increase the demand for ANKR, increasing its cost.
ANKR COİN TECHNICAL ANALYSIS
After testing the historical peak value of $0.2166 for the second time in November 2021, ANKR Coin, which started to decline and continued for over a year, lost its weight by 93% to $0.0153. With purchases since the beginning of 2023, it trades at $0.0366. According to coinmarketcap data, Audio, which has a size of $354,246,451, has had a volume of $39,305,852 in the last twenty-four hours.
ANKR Chart Analysis
Having pushed its historical peak twice so far, ANKR Coin has been in a downtrend for over a year after it last hit $0.2166 in November 2021. When we examine the ANKR chart, we can see that ANKR, which continued its downtrend until January 2023, broke this downtrend. When we look at the chart weekly, the support and resistance points of ANKR are as follows; Weekly, our support zone is $0.0266, while our weekly resistance zone is $0.0636.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their research when deciding. This article does not include investment advice or suggestions. Every investment and trading move involves risk, and readers should perform their analysis when determining.
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