Will ANKR reach $1000, $100? ANKR Price Prediction 2023-2030.
ANKR Price Prediction: Is ANKR a Good Investment or is it a Moderate case for investment? Is reaching $1000 possible, or impossible?
ANKR Price Prediction Daily: Current Prices
Performance in the last 12 Months
- Last 5 Days: +46.1%, Outperformer*
- Last 30 Days: +82.3%, Outperformer
- Last 6 Months: +32.1%, Outperformer
- Last 30 Days: -21.1%, Outperformer
Latest News (Read detailed Investment analysis after this section)
- Microsoft has partnered with Ankr to offer a node hosting service on the Microsoft Azure Marketplace
- Tencent Cloud has signed a Memorandum of Understanding (MoU) with Ankr to jointly develop a full suite of blockchain API services, providing a strong technological foundation for Web3 builders.
ANKR Price Prediction: Is ANKR a Good Investment?
Ankr is a decentralized computing platform that aims to solve the challenges of traditional cloud computing by providing a more secure and cost-effective solution for hosting decentralized applications. Ankr achieves this by leveraging the resources of distributed nodes that are contributed by the Ankr community. These nodes can be made up of spare computing power from individuals or organizations, allowing them to earn rewards for their contributions. Developers can then use these resources to run their applications on the blockchain.
Ankr Token (ANKR) is the native cryptocurrency of the Ankr platform. ANKR is an ERC-20 token that serves as a means of value transfer and incentive mechanism for various stakeholders on the Ankr network. Primary Use Cases
- Incentivize node operators to contribute computing resources to the Ankr network. Node operators can earn ANKR as a reward for contributing their spare computing power to the network, which can then be used to power decentralized applications.
- ANKR is also used to pay for various services and features on the Ankr platform, including hosting fees, transaction fees, and access to premium tools and services.
Overall, ANKR is a moderate case for Investment.
Will ANKR Go Up or Will ANKR Recover?
ANKR along with all the cryptocurrencies has been very volatile for the last year. The recovery of ANKR will depend on the recovery of the crypto market and also the adoption of the ANKR protocol.
With the increase in Web3 technology, the interest of Web3 developers is likely to move towards ANKR protocol. However, this alone cannot lead to ANRK’s recovery. The overall crypto market will have to recover which depends upon the macro factors turning positive.
ANKR Price Prediction $1
To reach $1, ANKR will have to rise 22x times. At $1, ANKR’s market cap will be nearly $10 Billion. If ANKR were to rise at the rate of 25% every year, it would take it 14 years to reach $1.
Overall it looks like there is a moderate possibility of ANKR reaching $1. A 25% burn will certainly ensure ANKR will reach 1 dollar
Can ANKR Reach $10?
The all-time high price of ANKR was $0.2252 and since then the price has fallen below $0.10. ANKR reaching $10 is not wishful thinking as ANKR has a limited supply which is 10 billion tokens. Due to its finite supply, ANKR can prove to be good investment for the future. No new ANKR tokens can be created therefore, the only thing that can happen is a decrease in the supply with increasing demand which will directly lead to a price rise.
For ANKR to reach $10:
- At the current price, ANKR will have to rise 670 times. However, this will also take the overall market value of ANKR over $100 Billion. The market value of BTC is over $350 billion.
- Assuming ANKR gains 25% annually, therefore it will take 29 years from now for ANKR to reach $10.
- If ANKR gains 50% annually, in the next 16 years ANKR will be valued at $10.
ANKR Price Prediction $100
The current market price of ANKR is $0.02 and hence it needs to grow by 5000 times to reach a price level of $100.
Note that ANKR reached its all-time high value of $0.188 in April 2021 when it grew by 47 times in 8 months (from a lower value of $0.004 in July 2020). Thus, it grew by almost 5.9 times in one month.
Therefore, to reach a price level of $100, ANKR requires nearly 847 months (more than 70 years), which is indeed not at all practical to wait for.
Furthermore, the current market situations of liquidity and inflation are also not in the favor of the crypto market. Therefore, it can even take more time to reach a price of $100.
Will ANKR reach $1000?
Considering that, reaching $100 is a tough target for ANKR crypto, $1000 seems practically impossible. However, let’s also prove it through calculations.
ANKR crypto needs to grow by 50,000 times to reach $1000, considering its current market price of $0.02.
As it has shown a 5.9 times growth in one month, it will need a minimum of 706 years to reach $1000, which is again not possible to wait for.
Therefore, ANKR can certainly not reach a price level of $1000, considering that current macroeconomic factors are not even in the favor of the crypto market.
Also Read: Sun Token Price Prediction
ANKR Price Prediction 2023, 2025 and 2030
- ANKR Coin Price Prediction 2023 is $0.0573
- ANKR Coin Price Prediction 2025 is $0.0888
- ANKR Coin Price Prediction 2030 is $0.298
ANKR Price Prediction Today: Outlook Summary
|1. Market's Wisdom||Partially Negative|
|1a. Market Data||Partially Negative|
|1b. Technical Recommendation||Neutral|
|2. Crowd's Wisdom||Neutral|
|2a. Social Media Buzz||Steady|
|2b. Social Media Sentiment||Neutral|
Frequently Asked Questions
How high can ANKR coin go?
As per the price prediction, ANKR is expected to go as high as $0.0251 by the end of 2023. However, there are multiple factors such as liquidity, inflation and the CPI Index that can govern the price of ANKR this year.
As the CPI Index has increased comparatively slowly when compared to the previous month, this can be a good indication for cryptos such as ANKR in the coming months
Is ANKR a good buy?
ANKR’s price is expected to reach $0.0572 by the end of 2025 and $0.264 by the end of 2030, as per the current market conditions of macroeconomic factors and liquidity conditions.
However, as ANKR is more than 89% down from the all-time high price that it achieved in 2021, it has the scope to regain its all-time high value in the future.
Where can I buy ANKR coins?
ANKR coins can be bought on a number of major centralized crypto exchange platforms such as Binance, Coinbase, KuCoin, Kraken, Gemini, Bybit, Huobi, Gate.io, Crypro.com, MEXC, Tokocrypto, Indodax, Bitvavo, Upbit, HitBTC, Coinhub and decentralized exchanges such as Uniswap, PancakeSwap, SushiSwap, Binance DEX etc.
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Index or Individual Stocks. Please consult a registered investment advisor to guide you on your financial decisions.