Should I buy ANKR after progress in the Russia-Ukraine talks?

ANKR/USD has advanced from $0.051 above $0.090 since February 24, and the current price stands at $0.087.

The cryptocurrency market is advancing this Tuesday, Bitcoin has stabilized above $47000, and progress in Russia-Ukraine talks boosted optimism around financial markets.

A great solution for developers and  investors

Ankr is the platform that combines node infrastructure, staking, and decentralized finance (DeFi) to make developing and earning easy.

The main features of this platform are interoperability, decentralization, and chain neutrality. Developers can connect to many ecosystems and develop and earn on all chains.

Ankr provides the most powerful multi-chain toolkit and enables developers to build Web3 products instantly.

This project aims to make Web3 easy to use for everybody, and by cutting out intermediaries, builders gain back control over their applications and data. In this way, Ankr reduces costs for its users to participate in Web3 technologies.

Ankr is also a great solution for cryptocurrency investors, and it offers them to earn a higher rate of return over traditional staking. Investors can stake as little as 0.5 ETH, pool with other stakers, and earn the same ROI.

Many important projects have already partnered with Ankr, and the most important ones include Celo, Compound, and Graph. Tegan Kline, cryptocurrency expert and business development manager for the Graph, said:

The Graph is excited to have Ankr participate as an Indexer in the Mission Control testnet to further decentralize the network. We are grateful to have node operators like Ankr now able to take part in this process.

Progress in Russia-Ukraine talks boosted optimism

The cryptocurrency market has been advancing last several days, Bitcoin has stabilized above $47000, and this situation also positively influences the price of ANKR.

Progress in Russia-Ukraine talks also boosted optimism around financial markets, and according to the latest news, Russia will drastically reduce military activity around two Ukrainian cities, Kyiv and Chernihiv.

Data source: tradingview.com

The important resistance level for ANKR stands at $0.10, and if the price jumps above this level, it would be a “buy” signal, and we have the open way to $0.12.

The current support level stands at $0.080, and if the price falls below it, the next price target could be at $0.70.

Summary

Ankr is the platform that combines node infrastructure, staking, and decentralized finance (DeFi) to make it easy and affordable for anyone to participate in blockchain ecosystems. Progress in Russia-Ukraine talks boosted optimism around financial markets, and if the price of ANKR jumps above $0.10, the next price target could be at $0.12.

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