A Web3 coin, which announced its partnership with Microsoft during the week and rose 60%, has priced in again today. The day’s double-digit rally is bolstered by other partnership news announced during the week.
Web3 coin shows solid growth for the first time since the big announcement
The related Web3 project Ankr (ANKR) continues the rally it started with the news of Microsoft. Web3 coin gained over 60% after the partnership was announced, but later entered a correction phase and lost over 20%. ANKR has now seen growth for the second time since the recently revealed partnership announcement.
The price increase could be a key sign that ANKR has long-term growth potential, not just a short-term rally from the Microsoft partnership. As Kriptokoin.com, we have included Ankr’s recent partnership with Storj in this article. The high-profile news feed provides a solid framework for Ankr’s long-term outlook.
https://twitter.com/ankr/status/1628769095117160448
Ankr (ANKR) price rose by double digits again today
A glance at Ankr’s daily chart shows that it has been in the correction phase since it last rose on the news of Microsoft on February 21st. Altcoin has moved down with the market overall in recent days. The 11% rally that took place at the weekend shows that the efforts of the project team also aroused excitement among the investors.
This growth can be attributed to the fact that ANKR is a powerful infrastructure solution that connects developers, applications and users to the newest layer of the internet. The team’s experience in blockchain technology makes ANKR the perfect channel for Microsoft to further Microsoft’s mission of empowering people and organizations to achieve more. A detailed look at the last days shows that Ankr price is sitting on an uptrend with sharp movements.
Can the Ankr rally continue?
While ANKR is currently facing a correction in trading volume, which could be a sign of an upcoming price drop, it will mostly follow the general trend in the market. However, the Microsoft partnership is a huge vote of confidence in ANKR’s potential and could further increase the value proposition in the eyes of investors and businesses alike.
ANKR is still a relatively new Web3 coin and has yet to establish a strong growth history. However, its recent partnership with Microsoft and the growth we’ve seen since show that ANKR has the potential to become a major player in the Blockchain and Web3 ecosystem.
How is the Web3 coin market?
According to data from CMC, SUTER, BDP and STX gained 30%, 15% and 14% respectively today. In this article, we have included why Stacks is rising today.
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