Is a Pump About to Hit the ANKR/USDT Pair?

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Two suc­ces­sive days of price gains on the ANKR/USDT pair have boost­ed the ANKR price pre­dic­tions to the upside. Monday’s 13.9% gain was fol­lowed by Tuesday’s 6.33% move to the upside. Wednes­day has brought with it some prof­it-tak­ing, as the pair is cur­rent­ly trad­ing 2.7$ low­er as of writ­ing. There has been some inter­est in the ANKR token after the com­pa­ny pur­chased the Fan­tomFDN Tools Remote Pro­ce­dure Call (RPC) tools to expand its decen­tral­ized pub­lic RPC support. 

A pub­lic RPC sup­port pro­vides a more open end­point to the blockchain and pow­ers apps and wal­lets built on the Web 3.0 infra­struc­ture. It also cre­ates more decen­tral­iza­tion for nodes that pow­er the blockchain, which reduces the network’s vul­ner­a­bil­i­ty to attacks and hacks. ANKR hopes to use this pub­lic RPC to make its net­work more scal­able and decen­tral­ized. ANKR’s 50+ chains cur­rent­ly serve more than 20,000 RPC endpoints.

ANKR has also launched an Earn pro­gram, where users can unstake their BNB tokens and earn rewards. The user can access instant liq­uid­i­ty in the form of aBNBb. You can buy aBNBb at a dis­count­ed price using a decen­tral­ized exchange and unstake this on ANKr Earn to get a small prof­it. This stak­ing mech­a­nism also makes the price of aBNBb more resilient when it comes to the impact of the liq­uid­i­ty pool size.

ANKR Price Prediction Outlook

Tuesday’s break of the 0.07354 resis­tance has been fol­lowed by a return move to the bro­ken resis­tance. This new sup­port is expect­ed to resist this move, and an accom­pa­ny­ing bounce should make 0.08154 the next tar­get in line. After that, 0.09633 becomes viable if the advance con­tin­ues, with the 28 December/3 Jan­u­ary highs at 0.11952 step­ping into the pic­ture if price appre­ci­a­tion continues.

On the flip side, degrad­ing the 0.07354 for­mer resis­tance-turned-sup­port may allow for a price dete­ri­o­ra­tion towards 0.05475. As a result, the 27 June 2021 low at 0.06754 may form a tem­po­rary pit­stop. Only when a decline below 0.05475 occurs can 0.04115 (22 Feb­ru­ary 2021 high) become a viable tar­get to the south.

ANKR/USDT: Daily Chart

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