The digital currency “ANKR” rises by almost 50% in an hour… Find out why!
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Answer The digital currency “ANKR” rises by almost 50% in an hour… Find out why!
The price of the cryptocurrency ANKR has increased by almost 40% in the last 24 hours.
What is the reason behind that?
Ankr’s decentralized platform has received a strategic investment from the investment division of one of the largest cryptocurrency exchanges, Binance.
The Binance affiliate which is a great strategic partner will help Ankr in its mission to attract more and more people to the crypto space.
The decision was influenced by Ankr’s participation in the creation of the BNB Chain (previously known as BSC) and its proposal as a “BNB Liquid Staking” solution.
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As mentioned in the press release, Ankr’s actions not only improved the overall performance of the Lebanese ecosystem, but also greatly helped improve blockchain data storage and increase its performance 100 times.
After the news was released, many investors rushed towards the cryptocurrency Ankr which rose more than 60% in one hour, with many investors deciding to exit at $0.052 per coin.
Such a price hike allowed the project’s capitalization to be increased and $170 million to be added, to its current value of $462 million.
It is difficult to predict the future price of the coin, as the size of the investment “Binance Labs” has not been revealed, but we may still see interesting price movements.
Ankr has become another project that has been touched by the “golden hand” of Binance Investment Labs.
At the beginning of the summer, Binance’s investment division raised $500 million with the support of the world’s top investors.
The fund’s goal was to invest in projects like Ankr, which could expand the use of cryptocurrencies and encourage adoption of Web3 technology and the blockchain in general.
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In addition, Binance’s investment division recently acquired a new head in the form of Yi He, the co-founder of Binance itself, who does not seem to want to waste any more time.
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