Ankr (ANKR) Rallies 60% Following Partnership With Microsoft

Semilore Faleti

Last Updated: February 23, 2023 5:30 pm

3 mins read

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DeFi token Ankr (ANKR) is one of the best-performing cryptocurrencies in the market presently, gaining 60% in two days. This impressive price rally occurred following an announcement of Ankr’s innovative partnership with American technology giant Microsoft.

Through a blog post published on Tuesday, February 21, Ankr unveiled its collaboration with Microsoft to launch an enterprise node service designed to offer reliable and secure node hosting services to businesses, enterprises, and organizations that utilize blockchain data in their daily operations.

This digital product is based on an integration of Microsoft cloud solutions and Ankr blockchain infrastructure. According to Ankr’s blog post, this enterprise node service will be made publicly available via Microsoft’s Azure marketplace, thus providing millions of customers with a “readily accessible gateway to blockchain infrastructure.”

Following the exciting announcement by Ankr on Tuesday, the price of ANKR, its native asset, spiked by almost 60% and has remained around its new price region since then.

According to data by CoinMarketCap, ANKR is currently exchanging hands at $0.51, having gone up by 7.79% in the last 24 hours. In addition, its daily trading volume is around $557.6 million, with its market cap value set at $498.5 million.

ANKR Trading at $0.051 | Source: ANKRUSD Chart on Tradingview.com

Ankr’s Partnership With Microsoft Triggered Massive Network Activity – Santiment

Ankr’s collaboration with Microsoft is currently one of the trendiest topics in the entire crypto verse. Giving more insights into the ripple effects of this partnership and the driving force behind ANKR’s price gain, popular on-chain analytics platform, Santiment stated that the Ankr protocol had recorded a massive spike in network growth following the announcement on Tuesday.

According to Santiment’s report on Wednesday, Ankr recorded its second-highest number of new ANKR wallet addresses on Wednesday since 2021. Furthermore, there has also been a surge in whale transactions on the network, all of which are effects of the increased interest in Ankr.

Source: Santiment

While it remains unknown how long this interest will linger, ANKR is currently one project that is catching investors’ eyes, especially as they followed up the Microsoft partnership with another announcement.

Ankr Records Another Strategic Partnership

On Wednesday, Feb.22, Ankr unveiled another sensational partnership within the cloud provider industry – with Chinese-based company Tencent Cloud.

This collaboration is focused on building a full suite of blockchain API services supported by a network of decentralized and widely distributed, highly effective Remote Procedure Call (RPC) nodes.

Integrating Tencent Cloud’s global infrastructure with Ankr’s blockchain infrastructure structure, these services will offer thousands of web3 applications and traditional organizations access to blockchain data connection while seamlessly processing a huge amount of node traffic.

Sharing his excitement on this development, Chandler Song, Co-Founder and CEO of Ankr, said, “Partnering with Tencent Cloud is a big step forward in upgrading web3 infrastructure to handle adoption from some of the world’s largest organizations entering the space. Together we shall provide a gateway to blockchain data that is easier to access and more performant.”

Featured Image: The New Stack, Chart from TradingView

Semilore Faleti

Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency.

Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems.

In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others.

In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies.

Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative.

Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information.

Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets.

Outside his work, Semilore possesses other passions like all individuals. He is a big music fan with an interest in almost every genre. He can be described as a “music nomad” always ready to listen to new artists and explore new trends.

Semilore Faleti is also a strong advocate for social justice, preaching fairness, inclusivity, and equity. He actively promotes the engagement of issues centred around systemic inequalities and all forms of discrimination.

He also promotes political participation by all persons at all levels. He believes active contribution to governmental systems and policies is the fastest and most effective way to bring about permanent positive change in any society.

In conclusion, Semilore Faleti exemplifies the convergence of expertise, passion, and advocacy in the world of crypto journalism. He is a rare individual whose work in documenting the evolution of cryptocurrency will remain relevant for years to come.

His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry.

Whether through his meticulous reporting at NewsBTC or his fervent promotion of fairness and equity, Semilore continues to inform, educate, and inspire his audience, striving for a more transparent and inclusive financial future.

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