Source : cryptodaily.io
The ANKR project has not been on the crypto radar as much as it used to. However, it is still as much an industry leader as it was back in its glory days. So, can investing in ANKR be profitable for you in 2022? Let’s find out in this ANKR price prediction.
What is ANKR?
Ankr is a web3 infrastructure that mainly deals with staking, and hence, users can stake assets across several different blockchains. Ankr was created by Chandler Song in 2017, and it positioned itself as the go-to staking platform for assets living on many different chains. With Ankr, it is easy and efficient for any web3 user to participate in the various blockchain ecosystems. Some of the other services Ankr provides include node hosting and dapp building.
ANKR is the native token of the Ankr network, and it gives you the ability to access all the features of the Ankr network. Additionally, using the ANKR token, the platform allows developers to integrate staking SDKs, web3 wallets, and NFTs into their dApps for a boosted and seamless DeFi experience.
Ankr is built on the Ethereum network and has a total of 10 billion tokens in supply, but 8 billion of these tokens (about 81%) are already in circulation. The project also has a total market cap of $221,663,447 as of the time of writing and has suffered a -64% fall over the past year.
Presently, the price of the ANKR token is $0.0273.
What is ANKR’s Price Prediction for 2022?
Ankr began the year already on a falling trend. The asset had been smitten down about -43% from November 2021. However, by January 1, 2022, ANKR was still trading above the 200-day EMA, which means it was still bullish on the daily chart timeframe.
The most devastating crash of 2022 came around mid-January when Ankr fell by -38% from $0.09 to $0.057. The crash coincided with Bitcoin’s sharp fall from $43,655 to $33,113 at around the same time. Ankr has proven to be a stable project, despite the fall in price. One metric that shows how stable a crypto project is is how fast the value of its native token falls or rises.
Ankr fell by -38% over a span of 7 days, which is relatively healthy given the highly volatile markets.
Will ANKR’s Price Crash in 2022?
The bear case for the Ankr network is intriguing. The price is trending below both the 200-day and 21-day EMA. This is extremely bearish. Moreover, Ankr’s price is a staggering -53% below the 200 EMA, signifying the massive sell pressure on this asset.
The asset is in a descending channel, which is formed by two downward trend lines above and below the price action. These two trend lines form the support (lower trendline) and resistance (upper trendline) of the price action.
The breakout from this pattern can be in any direction. However, like falling wedges, these tend to break on the upside. The price of Ankr is not likely to crash lower than it already has in 2022. However, if it does, there are three support levels to watch out for: $0.0244, $0.0152 and $0.0124.
Will ANKR’s Price Rally in 2022?
The bullish case for ANKR in 2022 is more promising. The majority of indicators point to greener asset prices as we race towards the end of the year. Ankr is currently at the bottom trend line of this falling channel, which means it is due for a rebound soon.
The rebound will put it at or near the 200 EMA, a nice pump of +120% from the current price. Despite the excellent 1.2X returns, Ankr will still be trading below the 200 moving average and inside the falling channel, which means that the asset will not be out of the murky waters yet. For investors to go all-in on Ankr, the asset would have to first break above the 200 EMA and then break out of the falling channel.
By the time this happens, Ankr will be trading at $0.06. Once it breaks out of these two resistance points, there are few substantial barriers to hold the price down. The price can rise as high as $0.115, a +94% increase.
What Will Be the Average Price of ANKR By the End of 2022?
The price of Ankr at the end of 2022 will be around $0.03786. Looking closely at Ankr on the daily timeframe, the price broke down out of a bearish pennant and proceeded to form a double bottom (W) pattern. When this type of pattern forms, it signifies a reversal.
The extent of the reversal is dictated by the ‘legs’ of the W-pattern. In the case of Ankr, the price is expected to rise +19% to sit at $0.03786.
Due to market volatility, the price of the asset might touch a high of $0.04104 because this is a strong resistance zone. Ankr will also touch a low of $0.035 in December 2022.
ANKR Price Predictions By Other Analyst Experts
Trading experts think Ankr is a good investment in 2022 and beyond because the project has outstanding and active developers who ensure the network remains relevant in the crypto ecosystem. Most experts see the price of Ankr reaching highs of $0.15 by 2031. This is a bit far off, though. Let’s see their Ankr price predictions for the remaining half of 2022.
Experts at Trading Beasts think Ankr will grow steadily over the next few months and hit $0.05 by the end of the year. Even though their prediction is positive, financial experts from Trading Beasts remain moderately conservative about the price of this asset going up. Here are their predictions:
- August: Minimum$0.0354143 – $0.0520799 Maximum
- September: Minimum $0.0352548 – $0.0518453 Maximum
- October: Minimum $0.0350353 – $0.0515225 Maximum
- November: Minimum $0.0347589 – $0.0511160 Maximum
- December: Minimum $0.0343982 – $0.0505855 Maximum
Financial investors at DigitalCoinPrice.com think Ankr is a good investment in 2022. Moreover, they note that those who invest in this asset might reap some excellent profits even in these bear market conditions.
- August: Minimum $0.0330 – $0.0366 Maximum
- September: Minimum $0.0327, – $0.0355 Maximum
- October: Minimum $0.0331 – $0.0358 Maximum
- November: Minimum $0.0327 – $0.0354 Maximum
- December: Minimum $0.0335 – $0.0378 Maximum
Coin Codex financial analysts see Ankr rising in price through the months to close the year at around $0.0366. By 2025, they see the price of Ankr hitting $0.31, which is more than 10X the current price.
- August: Minimum $0.0546 – $0.06903 Maximum
- September: Minimum $0.0608 – $0.0894 Maximum
- October: Minimum $0.0663 – $0.0876 Maximum
- November: Minimum $0.0717 – $0.0855 Maximum
- December: Minimum $0.0766 – $0.0906 Maximum
Experts from Gov Capital are most generous with their predictions. According to them, Ankr will hit a price of $0.19 one year from now, setting investors who buy Ankr right now at a +611% profit. Here are their predictions for the coming months of 2022.
- August: Minimum $0.0595 – $0.0682 Maximum
- September: Minimum $0.0497 – $0.0571 Maximum
- October: Minimum $0.0814 – $0.0936 Maximum
- November: Minimum $0.1015 – $0.1167 Maximum
- December: Minimum $0.0817 – $0.0939 Maximum
ANKR Price Prediction for 2023 to 2025
The price of the ANKR token will rise to a maximum of $0.0429 in 2023 and average at $0.0392. The asset will hit a low of $0.0364.
In 2024, the asset will see highs of $0.0478 and lows of $0.0334. The average ANKR price for 2024 will be $0.0399.
By 2025, Ankr will be trading at $0.0528. In that year, it will hit highs of $0.0594 and lows of $0.0472.
ANKR Price Prediction for 2025 to 2030
In 2025, ANKR will post lows of $0.0472 and highs of $0.0594. However, the average for that year will be $0.0528. In 2026, the asset will be trading at $0.0487, hitting lows of $0.0444 and registering highs of $0.0534. According to the Bitcoin super cycle, these highs are relatively lower than those of 2025, probably because this will be a bearish year.
In 2027, about a year before the 2028 Bitcoin halving, Ankr will be trading at $0.0603. The asset will hit highs of $0.0715 and lows of $0.0526. In 2028, the Bitcoin halving will take place, and many cryptocurrencies will start to spike in prices. Ankr will be trading at $0.0874 and will have a high of $0.10 and a low of $0.80.
In 2029, Ankr will register highs of $0.12 and lows of $0.11. The average price for this asset will also be $0.11. Finally, by 2030, the price of Ankr will be $0.13, with lows of $0.12 and highs of $0.13.
Is ANKR an excellent long-term investment?
Ankr is an excellent investment. Having been launched in 2017, the project has existed for over five years. In addition, it has a massive community behind it and has weathered two bear markets, including the current one. Therefore, Ankr is projected to give good returns in the coming years.
How many ANKR coins are there?
There are 10 billion ANKR tokens in total. However, 8,162,899,377 are in circulation. This represents about 81% of the total supply. It is a good thing if most, if not all, of the supply of an asset is in circulation because there will be little sell pressure resulting from dilution of the supply.
Will ANKR go up or down?
Ankr will go up in price over time. The project is strong and is only down because of the current market-wide bear market. Ankr did face a social engineering attack in June, but the devs managed to neutralize the threat. The price of Ankr is projected to go back up in the near and far future.
What is ANKR used for?
ANKR token is the native asset for the Ankr network. In addition, it is the utility token of the Ankr ecosystem. It is used for staking, governance, and as a mode of payment for accessing the Ankr network services.