Ankr (ANKR) Rallies 60% Following Partnership With Microsoft

DeFi token Ankr (ANKR) is one of the best-performing cryptocurrencies in the market presently, gaining 60% in two days. This impressive price rally occurred following an announcement of Ankr’s innovative partnership with American technology giant Microsoft.

Through a blog post published on Tuesday, February 21, Ankr unveiled its collaboration with Microsoft to launch an enterprise node service designed to offer reliable and secure node hosting services to businesses, enterprises, and organizations that utilize blockchain data in their daily operations.

This digital product is based on an integration of Microsoft cloud solutions and Ankr blockchain infrastructure. According to Ankr’s blog post, this enterprise node service will be made publicly available via Microsoft’s Azure marketplace, thus providing millions of customers with a “readily accessible gateway to blockchain infrastructure.”

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Following the exciting announcement by Ankr on Tuesday, the price of ANKR, its native asset, spiked by almost 60% and has remained around its new price region since then. 

According to data by CoinMarketCap, ANKR is currently exchanging hands at $0.51, having gone up by 7.79% in the last 24 hours. In addition, its daily trading volume is around $557.6 million, with its market cap value set at $498.5 million. 

Ankr’s Partnership With Microsoft Triggered Massive Network Activity – Santiment

Ankr’s collaboration with Microsoft is currently one of the trendiest topics in the entire crypto verse. Giving more insights into the ripple effects of this partnership and the driving force behind ANKR’s price gain, popular on-chain analytics platform, Santiment stated that the Ankr protocol had recorded a massive spike in network growth following the announcement on Tuesday.

According to Santiment’s report on Wednesday, Ankr recorded its second-highest number of new ANKR wallet addresses on Wednesday since 2021. Furthermore, there has also been a surge in whale transactions on the network, all of which are effects of the increased interest in Ankr.

While it remains unknown how long this interest will linger, ANKR is currently one project that is catching investors’ eyes, especially as they followed up the Microsoft partnership with another announcement. 

Ankr Records Another Strategic Partnership

On Wednesday, Feb.22, Ankr unveiled another sensational partnership within the cloud provider industry – with Chinese-based company Tencent Cloud. 

This collaboration is focused on building a full suite of blockchain API services supported by a network of decentralized and widely distributed, highly effective Remote Procedure Call (RPC) nodes. 

Integrating Tencent Cloud’s global infrastructure with Ankr’s blockchain infrastructure structure, these services will offer thousands of web3 applications and traditional organizations access to blockchain data connection while seamlessly processing a huge amount of node traffic. 

Sharing his excitement on this development, Chandler Song, Co-Founder and CEO of Ankr, said, “Partnering with Tencent Cloud is a big step forward in upgrading web3 infrastructure to handle adoption from some of the world’s largest organizations entering the space. Together we shall provide a gateway to blockchain data that is easier to access and more performant.”