- Ankr Protocol price went parabolic on Monday.
- It jumped after Ankr partnered with Aptos.
Ankr price went parabolic on Monday and Tuesday as the market reflected on the latest partnership with Aptos. The coin surged to a high of $0.036, which was the highest level since September 17th of this year. It has surged by more than 33% from the lowest level this year, giving it a market cap of over $320 million.
Ankr partnership with Aptos
Ankr is a leading blockchain project that provides Remote Procedure Call (RPC) services to developers building in most chains like Ethereum, Solana, and BNB Smart Chain. In addition, Ankr provides advanced SDKs, AppChains, and liquid staking services. AppChains, its most recent product, makes it possible for them to build applications.
Ankr handles over 7.2 billion API requests on a daily basis. Some of the top developers who use the network are Polygon, Binance, Optimism, Project Galaxy, Avalanche, and SushiSwap, among others. Ankr is used in industries like DeFi, market research and analytics, games, and NFT marketplaces.
Ankr price went vertical after the company partnered with Aptos, a relatively new blockchain project. It is a layer-1 network that hopes to process over 160,000 transactions per second (tps). Some of the other features are using the Move language for fast and secure transactions, validator state sharding, and modular architecture design.
Find out how to buy Ankr Protocol.
The partnership between Aptos and Ankr will help developers in several ways. For example, they will use eliminate complex nodes and other tools like prioritized traffic, dedicated endpoints, and unlimited requests. In a statement, the company said:
“This is just the beginning of Ankr’s products for the blockchain that will doubtlessly attract more demand ahead of the much-anticipated mainnet launch.”
Therefore, Ankr Network price is rising as investors cheer the news about this partnership. Historically, cryptocurrencies and tokens rise when there is a major event in a network.
Ankr price forecast
The four-hour chart shows that the Ankr Protocol price has bounced back in the past few days. It has managed to move above the important resistance level at $0.03160, which was the highest level on September 29. The coin has moved above the 25-day and 50-day moving averages while the Relative Strength Index (RSI) moved above the overbought level.
While volume jumped on Monday, it has started pulling back. Therefore, there is a likelihood that the coin will pull back as sellers target the key support level at $0.030. A move above this week’s high of $0.036 will invalidate the bullish view.
