Ankr (ANKR) Price Prediction 2024-2025: Can ANKR Hit $1?

Ankr (ANKR) is attracting fresh attention despite the price being 3.7% down over the past week and 7% in the past month.

Despite a 3.7% decrease in its price over the past week and a 7% decline in the past month, the decentralized Web3 infrastructure platform Ankr (ANKR) is generating fresh attention.

As the price of ANKR hovers around the $0.025 level, multiple key developments and potential bullish catalysts are emerging. Notably, ANKR has bounced from the lows of $0.020 reached on Aug. 5 as the crypto market sell-off pushed both Bitcoin (BTC) and Ethereum (ETH) to new multi-month lows.

How has ANKR price performed in 2024?

The token that drives Ankr’s decentralized ecosystem is called ANKR. The token is used for governance, transactions, and payments in addition to being crucial to the network.

By staking their tokens, holders can gain access to the network’s transactions and payments system as well as other services that support the broader decentralized ecosystem.

However, since reaching an all-time high above $0.21 in April 2021, the price of ANKR has decreased significantly. Despite a brief surge to $0.06 as Bitcoin soared to its all-time highs in March, ANKR has returned to levels seen in January this year.

ANKR building up momentum

Ankr’s decentralized infrastructure ecosystem is used to power everything from proof-of-stake protocol node operations and cloud computing to liquid staking.

Additionally, there is artificial intelligence, real-world assets (RWA), and decentralized physical infrastructure networks (DePIN). Analysts anticipate that these markets will expand significantly, especially as major institutional players take notice.

With various milestones and partnerships, the Ankr network appears to be well-positioned to capitalize on this. The empowerment of both developers and users is the goal of such initiatives.

Some collaborations have included global partnerships with major IPs like Google Cloud, Alibaba Cloud, Microsoft Azure, and Tencent Cloud.

This Web3 API from the blockchain connects developers, decentralized applications, and the real world, and it is currently accessible for over 55 blockchains, including Bitcoin. That represents a more than 200% increase in integrations since 2022 when there are about 17 chains.

Ankr has recently collaborated with Asphere, a bespoke rollup creation platform that has aided in the development of solutions for Binance, Polygon, and Microsoft, to introduce Destra Network’s Arbitrum rollup.

Could Neura help unlock ANKR?

Apart from the overall network growth, potential upside momentum from the project’s AI Layer1 blockchain Neura is likely to be of interest to Ankr token holders.

Neura is an EVM-compatible blockchain that was built using Cosmos SDK’s IBC protocol and provides a network where developers can create dApps centered on AI.

The platform also aims to boost startups in the AI sector by offering decentralized fundraising tools, access to GPU resources, and decentralized storage.

This ecosystem will be powered by the ANKR token, which will serve as the primary currency for the network’s AI model usage, staking, and other functions. A “portion” of the ANKR supply will be transferred by Ankr to Neura, which will probably result in a new demand curve.

The mainnet of Neura is anticipated in Q4 and will provide the Ankr and Neura communities with a variety of ways to participate in the development.

That covers early investors’ crowdfunding for new AI projects, revenue-share opportunities, and staking rewards for assisting in the security of the Neura network.