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Is the ANKR a good buy opportunity after a recent sell-off?

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ANKR/USD has weakened from the record highs above $0.13, registered on 5th September, below $0.07, and the current price stands at $0.094. Ankr is a great choice for developers, and there are already many projects that collaborate with this platform.

A great choice for developers

Ankr is the platform that combines node infrastructure, staking, and decentralized finance (DeFi) to make developing and earning easy. Ankr is a great choice for developers, and it allows you to build Web3 products instantly while the DeFi movement creates the financial system for Web3.

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This project aims to make Web3 easy to use for everyone, and by cutting out intermediaries, builders gain back control over their applications and data. In this way, Ankr reduces costs for everyone to participate in Web3 and allows easy access to an array of blockchains.

Ankr is also a solution for crypto investors, and according to the official website, you can earn a higher rate of return over traditional staking.

Ankr dedicates lots of effort to providing the simplest possible experience for clients who may have no familiarity with cryptos, and it has united forces of an incredibly vibrant community.

There are already many projects that collaborate with Ankr, and the most popular ones include Compound, The Graph, and Celo. Evan Kereiakes, cLabs Head of growth, said:

Ankr is a great addition to the Celo Alliance; their unique applications make them a valuable contributor to the Celo ecosystem. The cLabs team enjoys working with Ankr to democratize participation in the Celo protocol.

ANKR is a cryptocurrency that powers the Ankr Network, and the price of this crypto has reached a price level above $0.13 in September 2021.

Since then, the price has weakened, daily trading volume remains weak; still, Ankr is a project that has a future, and the price of this cryptocurrency could advance again at levels that we saw last month.

Strong support stands at $0.085

ANKR was a bad performer during September, and technically looking, it still remains under pressure.

ANKR is currently trading above the strong support level that stands at $0.085, but if the price breaks it, the next target could be at $0.080 or even below.

On the other side, if the price jumps above $0.10, the next target could be at $0.1050; still, traders should use “stop-loss” and “take profit” orders when opening their positions because the risk remains high.

Summary

Ankr is the platform that combines node infrastructure, staking, and decentralized finance (DeFi), and the goal of this project is to make Web3 easy to use for everyone. ANKR is currently trading above the strong support level that stands at $0.085, but if the price breaks it, the next target could be at $0.080 or even below.

Where to buy right now

To invest simply and easily, users need a low-fee broker with a track record of reliability. The following brokers are highly rated, recognised worldwide, and safe to use:

  1. Etoro, trusted by over 13m users worldwide. Register here >
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