What Is Ankr (ANKR)?
Ankr is a cryptocurrency that aims to bring a higher level of democracy to the Internet. As a matter of fact, Ankr (ANKR) has big plans for the future when Web3.0 takes off in all its glory.
If you want to buy or sell the popular cryptocurrency, you’ve come to the right place. In this article, we’ll explain what Ankr is, discuss ANKR price USD, and all other things you need to know to successfully buy and sell this crypto. Moreover, we’ll show you how to use an ANKR exchange properly. Read on.
The ANKR crypto is a digital currency that can be used for on-chain governance participation and paying for various services within the network. It’s the main fuel of the Ankr network, which is basically a competitor to Microsoft Azure or Google Cloud. The only difference is that Ankr actually uses the spare computing power of devices that are part of its decentralized network, meaning there’s no central authority governing it.
Enterprises can offer their surplus computing power via Ankr, and users seeking cloud services can use that power at lower prices. In other words, Ankr is a decentralized and cheaper version of the cloud.
Because of that, the main cryptocurrency of the network, ANKR, is a game-changer. Although it’s not as popular as Bitcoin or Ethereum at the moment, it certainly has plenty of room for improvement.
But Ankr goes well beyond just that. The cryptocurrency (and the network) can be used for staking, governance, developing decentralized apps, and much more.
Ankr Price Index
The Ankr crypto has been around since 2019, and its popularity has been increasing ever since. The total supply of ANKR is set to 10 billion, as new ANKR coins are being issued all the time. Even though the cryptocurrency has never been very popular, it certainly has a fair share of traders who are actively buying and selling it on an ANKR exchange.
There’s a wide range of factors that influence the price of ANKR, with the major one being the overall interest in this coin. Moreover, there are plenty of other aspects, including the hype, the sentiment around ANKR, the progress made on Web3, and more.
As for the current ANKR to USD price, please check it manually. It’s constantly fluctuating — pretty much like any other crypto nowadays. It was pretty much stable, without significant jumps, but the situation changed at the beginning of 2021. ANKR entered a bullish run and reached its all-time high in March. Then, its price collapsed, following the May Crypto Crash. Now, the coin is gradually recovering, showing a positive tendency.
We also suggest taking a look at the ANKR price chart available on this page to learn more about how the price changed historically and have a better insight into the latest price changes that can help you buy ANKR at the right time.
Circulation of Ankr
The maximum supply of ANKR is set to 10 billion, which means once this amount is reached, no new coins will be created. More than 75% of ANKR is already in circulation. There’s no information regarding coin burn, even though some lock-in and buyback programs have been discussed.
On the other hand, the coins are minted pretty swiftly, and the cryptocurrency will reach 100% in the near future.
ANKR cannot be mined in the traditional sense like Bitcoin.
Ways of Buying ANKR
One of the most popular ways to buy ANKR is using another cryptocurrency, which is possible via a decentralized exchange like Godex. Godex features more than 300 cryptocurrencies, and many can be paired and swapped with ANKR. In other words, you can buy ANKR or swap some of your digital assets for it.
Apart from that, you can also stake ANKR via the Eth2 protocol, involving a special synthetic token. However, this isn’t actually buying ANKR but rather creating a return by investing in it. Check out the FAQ section below to learn more.