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May 22, 2024
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ANKR Platform Witnessed Massive Influx of Liquidity-Will it Hit $0.1 Today?

The post ANKR Platform Witnessed Massive Influx of Liquidity-Will it Hit $0.1 Today? appeared first on Coinpedia Fintech News

Ankr just announced its partnership with Microsoft and became the top gainer of the day within no time. Ankr is a decentralized blockchain infrastructure provider that operates an array of nodes globally distributed across over 50 Proof-of-Stake networks.

The collaboration with Microsoft aims to launch enterprise-grade blockchain nodes with custom specifications for global location, memory, and bandwidth according to their unique use cases. 

Further, the data is optimized considering the high-level queries of speed and reliability of dozens of blockchains with serverless functionality utilizing GeoIP, failovers, Caching rules, and monitoring. Moreover, the performance of the nodes may be accessed anytime and the RPC clients can access user data and advanced telemetry across 38 blockchains. 

With this Partnership, Will ANKR’s price remain bullish in the long term? 

Trading View

The ANKR price began the day’s trade with a decent price variation that intensified with the announcement. The volume surged gigantically within minutes by more than 2000% to surge from $75 million to as high as $1.5 billion in less than 24 hours.

Moreover, the market cap also stood hiked by more than 50%, recording levels close to $500 million. Therefore, now the question arises that whether the upswing may continue or witness a major pullback.

The ANKR price, after the recent price jump, has formed a bullish flag as the price levels are consolidating within a pennant. The RSI levels have also surged high and despite the pullback, the levels remain elevated despite the recent pullback. Hence it can be analyzed that the price may remain under the bullish influence and try to slash a zero from its value very soon. 

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