ANKR made its investors smile after partnering with technology giant Microsoft. The altcoin gained over 78% after the partnership was announced, but then entered a correction phase and lost some of its gains. However, ANKR has been growing again since the partnership announcement.
The altcoin has gained over 11% in the last 24 hours. Thanks to this rise, ANKR became the most profitable cryptocurrency in the last 24 hours among the top 100 cryptocurrencies with the largest market value.
This price increase can be considered as a key indicator that ANKR has long-term growth potential. Otherwise, the altcoin would only have achieved a short-term rise after the Microsoft partnership. This growth can be attributed to the fact that ANKR is a powerful infrastructure solution that connects developers, applications and users to the newest layer of the internet.
Despite the previous price correction, ANKR’s growth in the last 24 hours can also be considered as an indication that investors have confidence in the potential of the project. As more companies or individuals embrace the potential of Web3 and blockchain technology, ANKR’s infrastructure solutions will be in high demand. Moreover, this demand could lead to a significant increase in the value of ANKR in the long run.
While the altcoin is currently facing a correction in trading volume, which could be a sign of an upcoming price drop, it will mostly follow the general trend in the market. However, the partnership with technology giant Microsoft is a great reference to ANKR’s potential.
ANKR is still a relatively new cryptocurrency and has yet to establish a strong growth history. On the other hand, the recent partnership with Microsoft and the growth we have seen since show that ANKR has the potential to be a major player in the blockchain and Web3 ecosystem.
You can follow the current price action here.