Binance Labs has announced a new altcoin project in which it will invest strategically. The related cryptocurrency is rallying over 40% independent of the market overall.
This altcoin received strategic investment from Binance Labs
Binance Labs is making a strategic investment in the well-known Web3 infrastructure provider Ankr Protocol (ANKR). Ankr is a pioneering altcoin project focused on the Web3 space. The protocol provides communication between dApps, wallets, and the blockchains they need for crypto-based games. The announcement came from Binance Labs’ official Twitter account recently. ANKR price is currently rallying over 40%…
Welcome @ankr to the #Binance Labs Family!
ICYMI — Ankr is a decentralized infrastructure and cross-chain staking DeFi platform that aims to make Web3 accessible for everyone.https://t.co/hvtYv43xGJ
— Binance Labs Fund (@BinanceLabs) August 11, 2022
Ankr (ANKR) price started rally after Binance news
ANKR is one of the altcoin projects prepared for the top 100 by market capitalization. Following Binance Labs’ strategic investment plans, it is one step closer to this goal. ANKR price gained more than 40% in a short time after the announcement. It is currently trading at $0.04833.
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