Crypto Trade of the Week: ANKR with first target $0.10

This Week’s Cryptocurrency Trade is ANKR which has a market cap of $345 million and is ranked number 97 on Coinmarketcap.

Ankr is a decentralized blockchain and is helping to drive the growth of the crypto economy through a number of multi-chain tools for Web3 users.

Through its comprehensive Ankr Build platform, this project provides blockchain developers with solutions, including traditional APIs, a decentralized multi-chain network of public RPC nodes used to access blockchain data and execute code, and tools like Ankr Scan to view on-chain information about blockchains.

Recently, ANKR broke up with strength, accompanied by hefty volume. That’s a strong sign, and with it, the stock price has also convincingly climbed above 8, 21, 35 and 55.

However, the high of $0.20 reached late last year is still miles away. Nevertheless, in my opinion there is enough strength in the market to lift the price to my first price target of $0.10. The second target is $0.20 with a stop-loss below $0.025.

PS) For our crypto portfolios, we have now included this coin in our portfolio.