Ankr Price Pumps 41% After Binance Labs Investment Reveal

Ankr Price Pumps 41% After Binance Labs Investment Reveal 1

Last Updated on 1 hour by cryptoevent

Ankr price pumps up 41% Binance Lab’s strategic investment in Ankr. Binance Labs, the company’s seed capital and accelerator arm, announced a strategic investment in Ankr, the Web3 decentralized infrastructure industry leader.

Binance Labs has provided Ankr with strategic means to support its Web3 infrastructure, expand its Web3 developer suite with its Web3 Gaming SDK, Liquid Staking SDK and App Chains as a Service, and enhance its industrial RPC service. Ankr’s price is up 41% on the news.

BNB chain has taken over Web3 with the help of Ankr

Binance Labs made the strategic investment afterwards inc Made open-source improvements to the BNB chain, introduced BNB Liquid Staking, and maintained ecosystem support. Ankr’s network improvements will benefit all BNB chain projects and consumers, and reliable and fast BNB chain will increase Web3 adoption.

According to Ankr, the 18 blockchains in the protocol host RPCs that receive more than 7 billion blockchain requests per day on average. The company has updated the BNB chain, including the Erigon update, which it claims has reduced storage requirements by 75% and increased RPC request throughput by 10x. It also helped build the core infrastructure of the network.

Two new additions to the BNB network are the Archive Node and the latest scalability solution from BNB Application Sidechains (BAS). Ankr also supports BNB Liquid Staking, giving BNB token holders multiple ways to earn from their wealth in DeFi. In addition, it allows the simultaneous use of techniques such as farming, lending, staking, contributing to vaults, and more.

Ankr gives developers the ability to stake

Ankr enables blockchain companies to run their blockchains faster, allowing them to deliver the best Web3 experiences to their customers. The company has announced a series of staking software development kits (SDKs) for developers interested in incorporating liquid staking solutions into their projects and platforms.

Blockchain developers can enable their clients to stake tokens to earn rewards and get a liquid staking token that can be used to generate more yield and services across Web3.

The SDKs will initially address staking on five major blockchains, according to San Francisco-based Web3 Infrastructure: BNB Chain, Ethereum, Avalanche, Polygon, and Fantom.

Ankr Price Review and Tokenomics

Binance Labs recently made a strategic investment in Ankr, a decentralized cross-chain staking platform. Ankr could benefit from the support of such a large strategic partner in its goal of attracting more and more cryptocurrency users. An hour after the news, ANKR prices were up more than 60% and many investors decided to sell.

Due to the price increase, the project’s capitalization increased by $170 million, bringing its total estimated value to $526 million. The Binance Labs investment amount is unknown and the token price cap is difficult to predict, but we might still see interesting price changes.

Ankr Price Pumps 41% – Technical Outlook

ANKR/USDT is currently trading at $0.045, down 22% after gaining more than 60%. The ANKR/USDT pair peaked at $0.0588, but the coin has started to show a slight bearish correction since entering the overbought zone.

ANKR price chart

ANKR price chart – Source: Tradingview

On the 4-hour chart, the ANKR/USDT pair has already closed at $0.048. Now it is dropping to the 50% Fibo level at $0.044. ANKR could face 61.8% Fibo retracements at $0.041 if selling pressure mounts.

Alternatively, a candle close above $0.41 can start a new uptrend. On the upside, ANKR could target $0.048, while a breakout of $0.048 could send the coin to $0.052 or $0.058. Much luck!


  • Where to buy Ankr Coins?
  • How to buy Tamadoge in 2022
  • The Best Crypto Games You Can Play Right Now

Tamadoge (TAMA) – The next big meme coin

Our rating

  • Beta Sale Ends September 2022 –
  • Deflationary, low supply – 2 billion
  • Go to Earn, Metaverse Integration on the roadmap
  • NFT Doge Pets – Potential for mass adoption
  • Play to Earn Utility – Rewards Tokens

learn more

The post “Ankr Price Pumps 41% After Binance Labs Investment Reveal” appeared first on Business 2 Community.

Be the first to comment

Leave a Reply

%d bloggers like this: