ANKR is a cryptocurrency that aims to democratize the Internet. Taking advantage of Web3 technologies, ANKR makes better use of enterprises’ excess computing resources. This provides solutions to cloud computing through the blockchain.
While Web3 is still in its early stages, ANKR is a likely contender for the future currency of the Internet. The token has grown significantly this year, which puts it into consideration as an investment option.
- What is ANKR?
- How much is ANKR worth?
- Is ANKR a good investment for beginners?
- What is ANKR crypto used for?
- Where can you buy ANKR crypto?
- ANKR vs. other cloud computing solutions
- Environmental, social and governance credentials
- What does the future hold?
- Should you invest in ANKR?
- Frequently asked questions
What is ANKR?
The ANKR token is the fuel that helps run its ecosystem, which harnesses the surplus cloud computing power of data centers on the ANKR network. ANKR’s technological solution has spare power in these centers diverted to those on the network, benefiting both consumers and businesses.
ANKR aims to be a decentralized competitor to services such as Google Cloud or Microsoft Azure. These are current market leaders in cloud computing solutions for consumers.
The ANKR crypto acts as a source of income for enterprises that offer up cloud computing power for consumers and developers. This means that they can effectively make use of their idle digital resources to turn a cost into a potential profit. For consumers, cloud computing becomes cheaper and more efficient.
How much is ANKR worth?
At press time, ANKR crypto is priced at $0.096, one of the cheapest cryptocurrencies available. This is largely due to its use for something other than investment or trading. Still, this is potentially a very affordable price. It is a more accessible price point for beginner cryptocurrency investors who can build a profit over time.
Is ANKR a good investment for beginners?
ANKR crypto’s primary use is to pay for cloud computing resources, but many also hold it as an investment in cryptocurrency wallets. Since the start of 2021, the token’s price has gone up by an impressive 700%. This is an easy entry point for beginner investors — given its growth this year, it could see a considerable future increase.
What is ANKR crypto used for?
The ANKR platform provides cloud computing power to developers, which will help grow Web3, a decentralized form of the Internet. These applications can then be used to enhance the experience of the eventual users of Web3.
ANKR’s goal is to “decentralize the web for everyone.” To that end, it supports over 40 blockchain protocols for staking or development purposes.
Where can you buy ANKR crypto?
ANKR is available on a limited number of crypto exchanges, including Coinbase and Binance. Despite this, given the recent revoking of Binance’s license in the UK, Coinbase remains the primary exchange to use there.
ANKR is still a relatively obscure cryptocurrency. Not many wallets support it, and it is listed on only a few exchanges, but perhaps time will change that.
ANKR vs. other cloud computing solutions
Besides the obvious benefits for those offering up their computer power, there are other arguments for the use of the ANKR token. The main argument is that unlike Google Cloud or Amazon AWS, the ANKR network is decentralized.
Furthermore, holding or using ANKR would allow you to get ahead with Web3 before the standard becomes mainstream. Offering greater flexibility and security, ANKR certainly has many advantages over traditional cloud computing solutions.
Environmental, social and governance credentials
ANKR is not known for its environmental considerations. However, numerous organizations are using the ANKR network to provide eco-friendly hosting of their nodes. The network saves energy for consumers as it uses idle cloud computing resources. If you are a cryptocurrency investor who keeps ESG considerations in mind, this may be a good option for investment.
What does the future hold?
While it may not be everyone’s first choice, ANKR could offer a good return on investment in the long term. The significant potential in ANKR and other cryptocurrencies which are facilitating Web3 could bring even more growth.
In the meantime, the cloud computing solutions allow developers to create platforms that will run on Web3, which in turn benefits the public. As Web3 will be a massive shift in the way that the Internet is used, developers need the resources to prepare for this transition. This may take time, but what comes after could be tremendous, depending on how well ANKR executes its plans.
Should you invest in ANKR?
If you wish to invest in a cryptocurrency that could play a key part in the Internet’s future, then ANKR could be worthwhile. It’s affordable and also available on several cryptocurrency exchanges. It is quickly becoming a pioneer as a payment for services that are furthering the capabilities of blockchain.
ANKR is a token to invest in for the future if it lives up to its ambitious goals. There may be a lot of hype about it, but it’s worth keeping an eye on.
Frequently asked questions
What is the Ankr protocol?
How does the Ankr Protocol achieve decentralized infrastructure solutions?
What are the use cases and benefits of the Ankr Protocol?
Disclaimer
In line with the Trust Project guidelines, the educational content on this website is offered in good faith and for general information purposes only. BeInCrypto prioritizes providing high-quality information, taking the time to research and create informative content for readers. While partners may reward the company with commissions for placements in articles, these commissions do not influence the unbiased, honest, and helpful content creation process. Any action taken by the reader based on this information is strictly at their own risk. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
