Is ANKR a Good Investment in 2022?

ANKR is a digital token that offers web 3.0 infrastructure and a unique decentralized finance approach.

It comes with a multi-chain platform and its Defi network makes the cost of managing nodes cheaper. It has seen largely positive price trends since its inception.

Let us discuss what is ANKR, how it works, and see whether it is a good investment in 2022.

ANKR – Introduction

ANKR was co-founded by Chandler Song, Ryan Fang, and Stanley WU in 2017. It started with an aim to revolutionize the use of WEB 3 and make it accessible for everyone.

ANKR uses a proof-of-Stake (POS) network of over 50 comprised of globally distributed nodes through its decentralized blockchain network.

ANKR aims to offer a fully accessible WEB3 experience that leads to open internet access for everyone. It aims to remove the need for facilitators and central authorities.

It offers a wide range of blockchain developer solutions including APIs and a multi-chain network of decentralized nodes. Users can deploy these nodes for POS blockchains, staking of POS, and easier access to decentralized finance (Defi).

ANKR now offers a comprehensive set of products through its unique blockchain infrastructure for enterprise and retail users.

  • Public PRC endpoints
  • Premium APIs
  • Node Servies
  • ANKR Scan
  • Liquid Staking
  • Bridge and Switch
  • Decentralized Finance (Defi)
  • Gaming

POS nodes are often perceived as expensive as they require significant soft and hardware infrastructure. ANKR aims to minimize these costs by offering easy and low-cost access to users through its decentralized blockchain technology.

ANKR coin is the native digital currency of the company that users can use to make payments for using its services.

Traders can also use ANKR coins for trading purposes as they do for any other digital asset.

How Does ANKR Work?

ANKR uniquely positions itself in offering two different technologies node infrastructure and staking with decentralized finance (Defi).

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ANKR is a multi-chain network that makes it chain-neutral. It has deployed over 50 blockchains with 250,000+ nodes so far.

It works on three key principles as stated by the company:

  • Chain neutrality
  • Full decentralization
  • Web 3.0 infrastructure

The inclusion of multi-chain networks means more choices and cheaper access for users to blockchain technology. The cost of running and overseeing nodes also drastically reduces for users as they pay a fraction of the total cost to ANKR.

ANKR allows easy access to major blockchain networks including Ethereum, Polygon, and Polkadot for developers as well. It also offers easier implementation of decentralized applications (DApps) through its APIs.

Individual users can also utilize the staking services (Stakefi) to stake tokens on multiple blockchains with transaction validation.

ANKR is also a non-custodial network of digital assets. It means users can keep their tokens and digital assets in their digital wallets.

ANKR token works as the payment method for users with the network. The digital token is critical for the network to offer node consumers a pay-as-you-go pricing model, unlike its peers where node users pay hefty subscriptions upfront.

ANKR – Key Features

ANKR started as a distributing computing platform and it has evolved to offer developers and corporate clients easier access to blockchain nodes.

Here are a few key features of ANKR.

Node infrastructure and Defi

ANKR uses decentralized node infrastructure. Its decentralized nodes are spread across multi-chain networks.

The company has also popularized the concept of decentralized finance (Defi). This approach avoids the complexity of developing and maintaining nodes.

This unique approach enables blockchains and DApps to communicate with each other. Users can also be easily delegated the role of node validators.

Multi-Chain Network

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ANKR is blockchain neutral or a multi-chain network. It means its users can choose between different networks and ecosystems.

ANKR aims to bring the interoperability of different chains to the best use of users.

WEB 3.0

ANKR provides web 3.0 access to developers, individuals, and enterprises. WEB 3.0 is the advocacy of open internet for all.

It simply means there is no single-entry point to the blockchain networks. It uses the decentralized approach of creating a trustless, permissionless, and open web formation called WEB 3.0.

Key Products

ANKR utilizes its unique blockchain technology and approach to the open internet. Thus far, it has launched several key products for developers, individuals, and enterprises.

  • ANKR protocol with open access to the public RPC API layer
  • ANKR Scan
  • Node and API services
  • ANKR staking products
    • Liquid staking
    • Parachain liquid crowd load
    • ANKR Bridge and Switch
  • Defi

How to Buy ANKR?

You can buy the ANKR digital asset like any other cryptocurrency. Several major crypto exchanges offer ANKR.

  • Binance
  • Coinbase
  • Bittrex
  • Bithumb
  • Huobi global

Is ANKR a Good Investment in 2022?

The maximum ANKR token supply is 10 billion. As of now, there are around 8.16 billion ANKR tokens in circulation.

ANKR is currently trading at $ 0.0368. Since its inception, the liquidity or trading volume has remained decent too. ANKR touched its all-time high price of $ 0.2251 in March 2021.

Collectively, the price of the ANKR token has been on the rise. In recent months, all crypto assets including the major ones like Bitcoin and Ethereum have seen a price dip due to a sluggish crypto market.

ANKR covers a strong fundamental base of offering a key product that solves a real-world problem. It is democratizing WEB 3.0 by offering decentralized finance to individuals and enterprises alike.

ANKR holds several key products and some unique features as mentioned above. Therefore, it is likely to bounce back from the recent sluggish price dip as soon as the crypto market recovers from the bearish trends.

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Although the price of ANKR is unlikely to touch the psychological mark of $ 1.0 anytime soon. However, its price will strengthen as the ANKR project progresses and its products are embraced by a wider audience.

Why You Should Buy ANKR in 2022?

There are some good reasons for you to consider buying ANKR in 2022 despite a price dip.

  • ANKR is uniquely positioned to offer decentralized finance and make WEB 3.0 services accessible to all.
  • It is a secured network with easy access to web 3.0 services for its customers.
  • The Defi approach also keeps the entry barriers at bay and the cost of maintaining nodes cheaper.
  • Its appealing approach of removing complexity and enabling an inclusive web 3.0 blockchain infrastructure is unique and welcoming.
  • ANKR price has overall gained a positive increase since its inception.
  • ANKR token enjoys positive ratings from major crypto analysts.

Why You Should Not Buy ANKR in 2022?

There are a few risks of investing in ANKR in 2022 that you should keep in mind as well.

  • The Crypto market as a whole is volatile and unpredictable even after many years of inception.
  • ANKR token price will follow the price patterns of large crypto assets like Bitcoin and Ethereum despite holding its presence in the market.
  • The current bearish trends of the crypto market are anticipated to last longer.
  • ANKR is still in its early years and is yet to make a mark at the global level.
  • Its popularity and growth largely depend on the acceptability of corporate clients for its services which is an uphill task.