Despite the recent market plunge, the market cap of the ANKR token has been rising exponentially and the token is now ranked in the top 100 cryptocurrencies by CoinMarketCap.
ANKR has experienced huge market swings since March 2021 when it hit its all-time high above $0.19. Analysts, therefore, expect it to rally up for quite some time depending on the previous swings.
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To help investors and traders who are eyeing the ANKR coin, Invezz has created a brief article to help with identifying the best places to buy it.
To find out more, please continue reading.
Best places to buy ANKR token
As ANKR is such a new asset, it’s yet to be listed on major exchanges. You can still purchase ANKR using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy ANKR right now, follow these steps:
1. Buy ETH on a regulated exchange or broker, like eToro ›
We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.
2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask
You’ll need to create your wallet, grab your address, and send your coins there.
3. Connect your wallet to the Uniswap DEX
Head to Uniswap, and ‘connect’ your wallet to it.
4. You can now swap your ETH for ANKR
Now that you’re connected, you’ll be able to swap for 100s of coins including ANKR.
What is ANKR token?
The ANKR token is the native token of the Ankr blockchain.
For those new to the Ankr blockchain, it is a blockchain solution that uses shared resources to provide easy and affordable node hosting solutions.
Ankr has built a marketplace for container-based cloud services to provide developers and entrepreneurs with the ability to easily deploy blockchain nodes at a cheaper price compared to using public cloud providers.
Hosting blockchain nodes on Ankr also takes away centralization issues and reduces single point of failure problems.
Additionally, public blockchains using Ankr can engage communities to provide further assistance to their development.
In the future, Ankr intends to build an infrastructure platform and marketplace for Web3-stack development allowing resource providers and end-users to connect to blockchain and DeFi protocols.
Should I buy the ANKR today?
If you are looking to invest in a cryptocurrency that is on the rise after the recent crypto market plunge, then the ANKR could be a good choice.
Nevertheless, you should be aware of the fact that buying the cryptocurrency market is extremely volatile.
ANKR price prediction
Crypto investors are bullish on ANKR and they expect it to at least trade above $0.08 before the end of January this year.
$ANKR social media coverage
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