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ANKR/CRV/STORJ Price Analysis – March 24,2021

On March 23, the top US cryptocurrency exchange Coinbase announced that ANKR, CRV, and STORJ will be made available for trading on Coinbase Pro accounts.

Except for Curve Dao Token (CRV) in New York State, all Coinbase-supported jurisdictions will provide support for ANKR, CRV, and STORJ. If the liquidity conditions are met, trading will start on or after 9 a.m. Pacific Time (PT) March 25.

But currently, these three tokens ANKR, CRV, and STORJ cannot be traded on Coinbase.com and Coinbase mobile apps.

But being included in the Coinbase Pro list will undoubtedly have a positive stimulus effect on the prices of the three coins. ANKR, CRV, and STORJ have performed very strongly in the past 24 hours, increasing by 42.57%, 23.73%, and 102.00% respectively.

Ankr (ANKR) price Analysis

Source: ANKR/USD Daily via TradingView

ANKR is a blockchain cloud infrastructure platform based on the Ethereum token Web 3, which aims to lower the threshold for individuals, enterprises, and developers to participate in the blockchain ecology.

Since the beginning of February, its price has soared 1000% from the low of $0.011 on February 1 and reached its all-time high(ATH) of $0.12 yesterday. The current price has retraced, is trading at $0.096.

The MACD index is still in the bullish zone and will face resistance at an all-time high of $0.12 in the future. The Stochastic RSI index declined from the overbought zone and has slowed down, which means that a bullish crossover may form again in the short term and the price may continue to rise accordingly.

Curve DAO Token (CRV) Price Analysis

Source: CRV/USD Daily via TradingView

Curve DAO token(CRV) is created based on the Aragon framework of Ethereum (ETH) decentralized autonomous platform. There will be a staking mechanism. Its CRV token is mainly used for governance and value appreciation. It is an automatic market maker agreement with the purpose of enhancing the liquidity of the market and facilitating the exchange of specific assets based on Ethereum.

Curve DAO Token (CRV) has risen 19.88% in the past 24 hours, reaching a maximum of $3.277. The current price has retraced. At the time of writing, CRV is trading at $2.91.

Yesterday’s long green candlestick made CRV’s price firmly stand on the Exponential Moving Average ribbon. But the long shadow line of the candlestick indicates that there was a large number of selling orders once it reached over $3.00, and the bulls failed to push the price higher than $3.277. The first resistance level for CRV rise will be $3.277. If CRV breakthroughs this pressure level from the current price, the next pressure level will be $3.6.

The MACD index shows the bullish signal. Stochastic RSI has retraced from the 80 overbought zones and formed a bullish crossover, which means that in the short term, IOTA’s price is likely going to surge higher.

Storj(STORJ) Price Analysis

Source: STORJ/USDT Daily via TradingView

STORJ is an Ethereum-based token that provides users with a blockchain-based end-to-end distributed cloud storage platform. Users use private keys to manage data and achieve secure file storage without trusting centralized data centres, such as Amazon Web Services or Google Cloud.

The price of STORJ rose by 93.5% to $1.76 on March 23, reaching a new all-time high of $2.01. However, there are currently a large number of sell orders, and $2 will be an important resistance level. However, the MACD index is still in a bullish range, and it is possible that in the short term STORJ will create a new all-time high.

Stochastic RSI is retracing from the 80 overbought zones.

Best Crypto Performers Amid a Bearish Week: BTT, ANKR, and DENT

As the global crypto market saw a bearish progression this week, BTT, ANKR and DENT stands as the best performers to date.

By and large, the entire market has experienced a huge dip in the past 7 days, and this is reflected in the global crypto market cap which has dropped from a high of $1.9 trillion to $1.66 trillion at the time of writing according to CoinMarketCap.

Bitcoin’s volatility, pressure, and counter pressure from both the bears and bulls respectively waded the bearish sentiment on the market as the cryptocurrency remarkably has a sustained 60% dominance on the market. Its fall therefore almost always has a ripple effect in the market.

At the time of writing, Bitcoin is undergoing some losses and exchanging hands at $52,863.56, down by 0.14% in the past 24 hours.

Despite the market dip, however, three altcoins BitTorrent (BTT), Ankr (ANKR), and Dent (DENT) showed an unusual resilience, rising above all odds to close the week with positive gains to this point. While other altcoins also have positive gains, these three stand as the top earners for the week-to-date period.

BitTorrent (BTT)

BitTorrent (BTT) is a relatively low-capped altcoin that is backed by Tron’s Justin Sun and finds relevance as a peer-to-peer (P2P) file sharing and torrent platform which has become increasingly decentralized in recent years. The coin is currently trading at $0.003278, up 0.72% in the past 24 hours and by 70.21% in the past week.

The BTT token has a good history of closing high amid market plunges and its low market cap of $3.2 billion makes it one of the best altcoins investors stacks up on.

Ankr (ANKR)

Ankr’s performance in the past week is marked by a 255% increase in trading volume over the past 24 hours, and its current price of $0.12 comes after a 23.35% daily increase and a 71.13% weekly gain.

Ankr offers a solution that utilizes shared resources in order to provide easy and affordable blockchain node hosting solutions. With a defined real-world product offering, the coin’s momentum might just be sustainable in the long term.

Dent (DENT)

Dent (DENT), the native token of dent wireless, a broadband service provider is arguably the best altcoin performer of the top 100 cryptocurrencies by market capitalization. The coin has amassed a 153.3% increase within the last 7 days, and though it is worth as low as $0.01006 at present valuations, it is trading up to more than 14,000% from its all-time low price of $0.00007049 attained a year ago.

Binance to Delist Multiple Trading Pairs Including ANKR, IOTA, LRC, Effective September 1, 2023

Reflecting the dynamic nature of the crypto industry, Binance, a global frontrunner in cryptocurrency exchanges, has declared the discontinuation of multiple spot trading pairs. The adjustments are scheduled to be implemented on September 1, 2023, as confirmed by an official statement from the Binance Team, released on August 30, 2023, at 16:15 UTC.

Details of the Removal

The trading pairs to be removed are as follows:

At 03:00 (UTC) on September 1, 2023: ANKR/BNB, CVC/BUSD, EPX/BUSD, HIVE/BUSD, IOTA/BNB

At 04:00 (UTC) on September 1, 2023: KLAY/BUSD, LRC/BNB, MBL/BUSD, MTL/ETH, UMA/BUSD

The announcement also stated, “Users can still trade the above assets on other trading pairs that are available on Binance.”

Impact on Spot Trading Bots

For traders who utilize Binance’s Spot Trading Bots services, it’s crucial to note that these services will also be terminated for the aforementioned trading pairs. The termination will occur at the same times as the delisting of the pairs: 03:00 (UTC) and 04:00 (UTC) on September 1, 2023. Binance “strongly advised” users to update and/or cancel their Spot Trading Bots “prior to the cessation of Spot Trading Bots services to avoid any potential losses.”

Implications and Considerations

While the announcement did not specify the reasons for the removal, such actions are generally taken due to low trading volume or other market factors that make the pairs less viable for the exchange. Traders and investors should be aware that the removal of these pairs could impact liquidity and trading strategies, particularly for those who rely on automated trading systems.

Regional Restrictions

The announcement included a disclaimer stating that “Products and services referred to here may not be available in your region,” highlighting the importance of regional regulations and availability in the cryptocurrency market.

Ankr to Introduce Sei Blockchain RPC Connection

Ankr has revealed plans to augment its RPC service by integrating with the Sei blockchain. This development aims to facilitate developers keen on leveraging the Sei platform for the creation of swift and scalable decentralized applications (dApps). The integration will enable users to access both Sei Public and Premium RPCs, allowing them to make request calls and receive responses akin to those from a Sei full node.

Sei’s Position in the Blockchain Space

Sei aspires to lead as the swiftest layer-1 blockchain, a feat achieved through its “Twin-Turbo” consensus mechanism. The blockchain boasts minimal transaction fees and a throughput rate of 20,000 ops (orders per second). Designed to support contemporary applications, Sei aims to expedite the widespread acceptance of digital assets. The recent launch of their public Pacific-1 mainnet in August has garnered attention and anticipation from the developer community.

Ankr’s Role with Sei RPC API Connections

Ankr’s Sei RPCs (Remote Procedure Calls) serve as a bridge connecting wallets, user interfaces, and dApps to the Sei blockchain. These RPCs function as intermediaries, transmitting on-chain data between Sei nodes, dApps, and end-users. This facilitates essential operations such as transaction execution, wallet balance retrieval, and ownership data extraction.

The Sei RPC endpoints provide developers with a direct channel to the Sei network, eliminating the need for them to navigate the intricacies of setting up Sei nodes on their own. Ankr’s offering includes a geo-distributed Sei RPC, underpinned by blockchain nodes operating globally, ensuring minimal latency and dependable connections.

Benefits for Developers

Opting for Sei as a foundation for dApps necessitates access to Sei node data. Ankr’s RPC addresses this requirement by:

Simplifying Node Operations: Ankr’s Sei RPCs negate the need for developers to establish their Sei nodes, saving them considerable time and effort.

Providing Access to Advanced Tools: Subscribers to Ankr’s Premium RPC Plan gain immediate access to a suite of advanced tools, including the capability to handle up to 90,000 Sei requests/min, high request priority, global node locations, telemetry, debug mode, a dedicated support portal, and WebSocket (WS) functionalities.

Empowering Applications: Ankr’s RPC facilitates the connection to a cluster of high-performance nodes essential for the development and operation of dApps with Sei blockchain functionalities.

Strengthening the Sei Network: Ankr’s integration will bolster the Sei network on a global scale by simplifying development processes and expanding the node infrastructure.

In the near future, Ankr’s RPC service will feature Sei as a supported option, allowing users to interact with the Sei chain using standard EVM JSON RPC methods.

About ANKR

Ankr is a decentralized blockchain infrastructure provider with nodes distributed across Proof-of-Stake networks. It offers multi-chain tools for Web3 users, including developer solutions like APIs and tools for accessing blockchain data. Ankr Earn facilitates staking and yield-earning opportunities, while Ankr Learn provides educational resources. Founded in 2017 by Chandler Song, Ryan Fang, and Stanley Wu, Ankr stands out as a decentralized alternative to centralized solutions like AWS Blockchain. The ANKR token, available on multiple networks, is essential for transactions, payments, and governance within Ankr’s ecosystem. The maximum ANKR token supply is 10,000,000,000.

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Ankr Enhances DeFi Ecosystem by Supporting OKX Chain's X1 Layer 2

Ankr, a prominent blockchain infrastructure provider, has announced its support for OKX Chain’s X1 Layer 2. This strategic move aims to augment the scalability and efficiency of DeFi applications by leveraging the advanced features of the OKX Chain.

Enhancing Scalability and User Experience

The integration of OKX Chain’s X1 Layer 2 by Ankr marks a pivotal step in addressing the prevalent challenges of network congestion and high transaction fees. The Layer 2 solution promises to deliver a seamless user experience with faster transaction throughput and reduced costs, thereby fostering greater adoption of DeFi services.

Strategic Synergies for the DeFi Ecosystem

Ankr’s support for OKX Chain’s Layer 2 extends beyond scalability enhancements. It involves the interconnection of various blockchain networks to create a more interoperable and diverse DeFi ecosystem. This integration enables developers to build more robust and versatile applications, tapping into the full potential of cross-chain functionalities.

Commitment to Blockchain Evolution

Ankr’s initiative is a testament to its commitment to propelling the blockchain field forward. By embracing OKX Chain’s X1 Layer 2, Ankr not only contributes to the DeFi space but also aligns with its vision of a more accessible and interconnected blockchain infrastructure.

A Positive Outlook for DeFi Growth

The support for OKX Chain’s X1 Layer 2 by Ankr is anticipated to have a positive impact on the growth trajectory of the DeFi sector. It showcases the continuous efforts by blockchain service providers to innovate and improve the foundations upon which the DeFi landscape is built.

In conclusion, Ankr’s integration with OKX Chain’s X1 Layer 2 is a forward-thinking move that enhances the overall efficiency and accessibility of DeFi services. This collaboration stands as a beacon of progress in the quest for a more scalable and interconnected blockchain ecosystem.

Ankr Introduces Bitcoin RPC Endpoints

Ankr, a leading Web3 infrastructure provider, has announced the addition of Bitcoin RPC (Remote Procedure Call) endpoints to its suite of blockchain development tools. This new offering allows developers to easily interact with the Bitcoin network and build applications without the need for complex node operations.

The introduction of Bitcoin RPC endpoints is a significant milestone for Ankr, as it expands the company’s support for the original and most widely recognized cryptocurrency. By providing a gateway for developers to interface directly with Bitcoin, Ankr aims to foster innovation and encourage the creation of new applications built on top of the Bitcoin blockchain.

Ankr’s Bitcoin RPC endpoints act as a messenger or blockchain router, relaying on-chain information between Bitcoin nodes, developers, and end-users. This enables developers to execute essential tasks such as transactions, checking block data, and populating wallet balances without the need to set up and maintain their own Bitcoin nodes.

The RPC endpoints are part of Ankr’s geo-distributed Bitcoin RPC, which consists of blockchain nodes running worldwide. This global distribution ensures low latency and reliable connections, making it easier for developers to build fast and scalable decentralized applications (dApps) on the Bitcoin network.

In addition to the Bitcoin RPC endpoints, Ankr has also introduced Bitcoin Liquid Staking in collaboration with the Babylon protocol. This innovative feature allows users to stake their bitcoin and receive liquid staking tokens issued on Proof-of-Stake chains. By enabling the trillion-dollar market cap of bitcoin to be used for security on other blockchains, Ankr is unlocking new possibilities for cross-chain interoperability and capital efficiency.

Developers can now access Ankr’s Bitcoin RPC endpoints through the company’s RPC Service, which offers both Public and Premium plans. The Premium plan grants access to advanced tools, including dedicated Bitcoin endpoints, prioritized requests, and WebSocket capabilities, among other features. These tools empower developers to build and operate dApps with Bitcoin chain capabilities more efficiently and effectively.

Ankr’s commitment to supporting the Bitcoin network extends beyond the RPC endpoints. The company plans to release a growing suite of products that provide new ways to develop on Bitcoin, further strengthening the ecosystem and driving the adoption of blockchain technology.

The launch of Ankr’s Bitcoin RPC endpoints comes at a time when the demand for blockchain development tools and infrastructure is on the rise. As more developers seek to build applications that leverage the security and immutability of the Bitcoin blockchain, Ankr’s solutions provide a streamlined and accessible way to interact with the network.

By eliminating the need for complex node operations and providing access to advanced tools, Ankr is lowering the barriers to entry for Bitcoin development and encouraging a new wave of innovation in the cryptocurrency space. The company’s efforts to support the Bitcoin network and provide cutting-edge development tools are expected to have a significant impact on the growth and evolution of the blockchain industry.