Ankr Price Up 11% Amid Binance Listing and Polkadot Parachain Integration

Ankr price is up over 11% today, making it one of the biggest gainers on Currently trading at 63% of its all time high, is this the beginning of a major bull run? Let’s take a closer look at Ankr and see what all the hype is about.

What Is Ankr?

Launched in November 2017, Ankr is a distributed network of nodes across 50+ proof-of-stake chains. Their mission is to make Web3 easily accessible to everyone.

The biggest selling point of Ankr is their Eth2 staking solution, which provides an attractive reward mechanism for users. Moreover, Ankr is able to provide instant liquidity through a synthetic token called aETHc.

Why Is Ankr Price Rising?

Six days ago, on November 8th, Ankr announced their integration with Polkadot Parachain, which enabled users to participate in the first batch of Polkadot Crowdloans and earn their share of ANKR.

In recent news, Binance announced their listing of Ankr on November 11th. While Ankr’s price didn’t respond immediately, today Ankr price jumped 22% almost setting a new all time high.

Source: Coinmarketcap

Related Post

While there haven’t been any news regarding Ankr today, it’s clear that the Binance listing and the launch of their Polkadot campaign is a big contributor to today’s bullish momentum.

Ankr Tokenomics

ANKR currently has a market cap of $1.1 billion with a 24 trading volume of $288 million. As we can see on the chart above, the trading volume today is relatively low, which is expected since its sunday.

Whether the bullish momentum will continue depends on the trading volume. If we can see an increase in trading volume then the market will have more strength to push further. Otherwise, most likely ANKR will find new support and continue holding its $1 billion market cap.

This is not trading or investment advice, always do your own research before buying any cryptocurrency.

Follow us on twitter @themerklehash to stay up to date with the latest cryptocurrency news!

Mark Arguinbaev

I'm a 28 year old cryptocurrency entrepreneur. I was introduced to Bitcoin in 2013 and have been involved with it ever since. Fun Fact: I mined cryptocurrency using my college dorm room's free electricity.

Published by
Mark Arguinbaev

Recent Posts

Keep Network Price Up 45% Amid Upcoming Threshold Merger

Keep Network price is up over 45% today, making it the biggest gainer on…

13 hours ago

Nugenesis Patented Gasless NFT Platform Will Bring Mainstream Adoption

NuGenesis has 4 patents pending for its gasless NFT multi-cross chain system. It sees NFTs…

18 hours ago

Top 5 Metaverse Coins With Fully Functional Apps to Watch In 2022

The hottest trends in crypto right now are meme coins and metaverse projects. With Facebook's…

19 hours ago

How to Identify and Report Cryptocurrency Scams

With crypto going mainstream, there are a lot of scams popping out. While buying certain…

21 hours ago

Top 5 Meme Coins to Watch for Short Term Profit

With all the meme coins coming out, if you're looking to make short term profit…

2 days ago

Helium Price Up 11%, Is HNT Ready for a Breakout?

Helium price is up 11.81% today, making it the third biggest gainer on, following…

2 days ago

This website uses cookies.