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Ankrs – Cryptocurrencypanther https://cryptocurrencypanther.com Latest Crypto News Fri, 02 Dec 2022 09:23:48 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://cryptocurrencypanther.com/wp-content/uploads/2021/07/cropped-Cryptocurrency-e1626714913653-32x32.png Ankrs – Cryptocurrencypanther https://cryptocurrencypanther.com 32 32 ANKR dips by 5% after Ankr’s aBNB suffered an exploit https://cryptocurrencypanther.com/2022/12/02/ankr-dips-by-5-after-ankrs-abnb-suffered-an-exploit/ https://cryptocurrencypanther.com/2022/12/02/ankr-dips-by-5-after-ankrs-abnb-suffered-an-exploit/#respond Fri, 02 Dec 2022 09:23:48 +0000 https://cryptocurrencypanther.com/2022/12/02/ankr-dips-by-5-after-ankrs-abnb-suffered-an-exploit/

  • Ankr’s aBNB token has been exploited, and the project is working with exchanges to halt trading activities.

  • ANKR has lost 5% of its value since the exploit.

  • The broader crypto market could end the week in a negative fashion as prices of most coins are in the red zone.

Ankr suffers an exploit

ANKR, the native token of the Ankr network, is down by more than 5% in the last 24 hours. The token has taken a hit following reports that the network had suffered an exploit a few hours ago.

The Ankr team announced a few hours ago that its aBNB token had been exploited. They added that they are currently working with exchanges to halt trading immediately. 

Following this latest cryptocurrency news, the Ankr team assured its community that all underlying assets on Ankr Staking are safe at this time, while its infrastructure services remain unaffected.

The broader crypto market has also been underperforming today. The total crypto market cap stands at $853 billion, down by less than 1% in the last 24 hours. Bitcoin, the world’s leading cryptocurrency, has also lost less than 1% of its value today. At press time, the price of Bitcoin stands at $16,968. 

Key levels to watch

The ANKR/USD 4-hour chart has turned bearish following Ankr’s poor performance in the last 24 hours. The technical indicators show that ANKR is underperforming compared to the broader crypto market.

The MACD line has dropped into the negative zone, a sign that the bears are currently in charge of the Ankr market. The 14-day RSI of 40 also shows that ANKR could enter the oversold region if the trend continues.

At press time, Ankr is trading at $0.02168 per coin. ANKR could drop the $0.01924 support level before the end of the day if the current market momentum doesn’t improve. 

In the event of an extended bearish condition, ANKR could lose the support level at $0.01700 for the first time in months. 

Where to buy Ankr now

eToro

eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.


Buy ANKR with eToro today

Uphold

Uphold is a platform which has over 50 cryptocurrencies to choose from.

It’s users can make crypto trades with a bank account, credit card or crypto debit card. It has variable fees and allows users to automate trades.

Users who are on Brave’s internet browser can also earn BAT tokens based on their browsing habits.


Buy ANKR with Uphold today

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]]> https://cryptocurrencypanther.com/2022/12/02/ankr-dips-by-5-after-ankrs-abnb-suffered-an-exploit/feed/ 0 Ankr’s (ANKR) bearish outlook continues as the coin struggles https://cryptocurrencypanther.com/2022/05/27/ankrs-ankr-bearish-outlook-continues-as-the-coin-struggles/ https://cryptocurrencypanther.com/2022/05/27/ankrs-ankr-bearish-outlook-continues-as-the-coin-struggles/#respond Fri, 27 May 2022 23:00:08 +0000 https://cryptocurrencypanther.com/2022/05/27/ankrs-ankr-bearish-outlook-continues-as-the-coin-struggles/

Ankr (ANKR) continues to show bearish signs and could remain on the downside for weeks. The coin is suppressed below several crucial resistance zones. It will take time and a significant change in sentiment for this overall bearish outlook to reverse. Here are some points:

  • ANKR was largely exposed to the UST collapse about a week ago.

  • UST’s recovery in recent days has however failed to translate into gains for ANKR.

  • The coin lost nearly 5% in the last 24 hours.

Data Source: TradingView

Will ANKR recover in 2022?

The long-term outlook for ANKR has always been positive. However, there is still a long way to go before the coin reaches any meaningful milestones. First, the biggest challenge will be to overcome the $0.041 resistance zones. At the moment, ANKR is roughly 15% away from this. 

However, we don’t see the token testing of $0.041 in the coming days. In fact, owing to the broader weakness in the crypto market, ANKR will likely retreat by at least 10% by the end of the week before its next leg up. This will push the token towards its next support of around $0.031. 

Now, here is where things might get interesting. If indeed ANKR consolidates above $0.031 for a few days, it may reverse the downtrend and test $0.04. But if bulls fail to hold that, then ANKR will likely bottom at $0.023 by the end of June.

Is ANKR worth buying?

Despite the price decline over the last few weeks, ANKR still retains very good fundamentals. In fact, the project recently announced a major partnership with the Tron Network. 

So, for the long term buyer, ANKR is a decent buy. However, wait a few weeks for the price action to retreat further. That way, investors can get an even bigger discount as they await a long term ANKR recovery.



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