• Ankr Protocol has announced a partnership with Microsoft, resulting in a significant increase in the value of its native token.
• Trading volume for ANKR has grown by over 1000% over the last 24 hours and the token is now trading at levels not seen since August 2022.
• Momentum indicators show the uptrend to be strong, with RSI and MFI both at overbought highs and Aroon Up line close to 100%.
Ankr Protocol Partners With Microsoft
Ankr Protocol recently made headlines when it announced a partnership with tech giant Microsoft. This news caused ANKR’s price to surge significantly, climbing by 37% in the last 24 hours according to CoinMarketCap data.
Record Trading Volume
Trading activity around ANKR has also seen an unprecedented surge following this announcement, reaching its highest level since 2022. According to on-chain data provider Santiment, ANKR’s trading volume grew by over 1000% in the last 24 hours and was recorded as $1.16 billion at press time.
Technical Indicators Show Bullish Trend
A look at Ankr Network’s daily chart reveals that the protocol’s partnership with Microsoft has had an overwhelmingly positive effect on the token’s price trend, triggering a fresh wave of investor optimism. Key momentum indicators such as Relative Strength Index (RSI) and Money Flow Index (MFI) are currently positioned at overbought highs indicating strength of the uptrend while Aroon Up line is close to 100%, suggesting that recent highs have been reached relatively recently. Furthermore, ANKR’s price is currently resting above its upper Bollinger Band which may suggest that it is overbought and could reverse downward soon.
Get Ready To Invest In ANKR?
It appears that investors have already taken advantage of this recent uptick in value and accumulated large amounts of ANKR tokens during these past few days resulting in bullishness across all technical indicators mentioned above. For those looking to invest in this altcoin, it would be wise to keep an eye on how these indicators behave from here on out before making any decisions or investments themselves so as not to get caught up in any potential price dips should they occur due to market volatility or other factors outside of their control.
Profit Calculator Available
Finally, for those who want to track their profits from any investments made into Ankr Network tokens or just want some extra information about current market conditions regarding their asset holdings can use the Profit Calculator available from their website which provides users with real-time updates about their portfolio performance so they can make informed decisions about their investments accordingly.