{"id":200849,"date":"2021-03-12T22:06:01","date_gmt":"2021-03-12T19:06:01","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ankr-gains-137-after-becoming-the-top-validator-on-binance-smart-chain\/"},"modified":"2021-03-12T22:06:01","modified_gmt":"2021-03-12T19:06:01","slug":"ankr-gains-137-after-becoming-the-top-validator-on-binance-smart-chain","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ankr-gains-137-after-becoming-the-top-validator-on-binance-smart-chain\/","title":{"rendered":"# Ankr gains 137% after becoming the top validator on Binance Smart Chain"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a37a50db5488\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a37a50db5488\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/ankr-gains-137-after-becoming-the-top-validator-on-binance-smart-chain\/#aETH_gains_traction\" >aETH gains traction<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/ankr-gains-137-after-becoming-the-top-validator-on-binance-smart-chain\/#Competition_is_ferocious_but_Ankr_has_an_edge\" >Competition is ferocious, but Ankr has an edge<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Ankr gains 137% after becoming the top validator on Binance Smart Chain <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-5a136f3a>It\u2019s hard to argue that the crypto market is not in a bull market right now, but this run does show different characteristics and catalysts than the 2017 bull market.\u00a0<\/p>\n<p>In 2017, investors were hyped by the allure of high returns from initial coin offerings (ICO) that promised much but delivered very little in the form of an actually working \u2018product.\u2019 <\/p>\n<p>Fast forward to 2020, and the current altcoin season has been primarily focused on lending, liquidity, and yield farming. Growing interest in Decentralized Finance (DeFi) was triggered by the four-digit APYs being earned from staking assets, besides the decentralized access to legacy assets via synthetic tokens. Moreover, pure speculation of buying and staking nonfungible tokens is driving the total crypto market capitalization to new highs. <\/p>\n<p>Some blockchains offer delegated staking and while staking and node validation provide lucrative rewards to operators, deploying a node isn\u2019t something that average users may find challenging. Even for more experienced users, setting up developer nodes might take time.<\/p>\n<p>Ankr protocol allows easy access to multiple blockchains, including Ethereum, Polkadot, and Binance Smart Chain. By offering a cloud solution, users can deploy staking nodes and developer nodes in minutes instead of purchasing, setup, and then maintaining pricey setups on their own.<\/p>\n<p>In February, ANKR had a $170 million market capitalization and was trading in a relatively flat range. Still, the most recent 137% rally kicked off as the project became a Binance Smart Chain validator. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-03\/eed1511c-ffa8-48c2-982e-8eb9c25a5778.png\"><figcaption style=\"text-align: center;\"><em>ANKR token price at Binance. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>As the token reached a $0.06 all-time-high on March 12, its market capitalization surpassed $400 million.<\/p>\n<p>Ankr\u2019s one-click solution also offers nodes for Eth2, Avalanche, Bitcoin, Celo, Cosmos, Decred, Matic, Qtum, Tezos, and many other blockchain networks. Moreover, Ankr will handle Eth2 staking with as little as 0.5 Ether, and the project provides instant liquidity by issuing a synthetic asset called aETH. <\/p>\n<p>ANKR is the native governance token of the Ankr Staking platforms, and it also serves as a payment method for services, such as node deployment and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a> usage.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/p>\n<h2><span class=\"ez-toc-section\" id=\"aETH_gains_traction\"><\/span>aETH gains traction<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The use cases for aETH have been expanding after several successful collaborations with SushiSwap, Curve Finance, and Yearn Finance. These partnerships add to the token\u2019s liquidity and yield optimization. Anker\u2019s synthetic assets are also used in OnX Finance\u2019s farming and lending offers.<\/p>\n<p>Recent developments include a listing on HitBTC exchange on March 7, and on March 11, the protocol reached the number one position as a Binance Smart Chain validator.<\/p>\n<p>On March 12, Binance Chain\u2019s JulSwap DEX also announced a partnership with Ankr.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-03\/39dba6ac-2ed7-4b27-bdff-eb176b942118.png\"><figcaption style=\"text-align: center;\"><em>ANKR ERC-20 transfers (left) and addresses (right). Source: etherscan.io<\/em><\/figcaption><\/figure>\n<p>The new partnerships and Ankr\u2019s track record of delivering on promised products are very favorable for the project, but the on-chain activity of the ERC-20 token has not picked up much. On average, less than 250 addresses have been active per day.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-03\/c014e4cd-9f26-474c-a405-c9c0455906e1.png\"><figcaption style=\"text-align: center;\"><em>ANKR BEP-20 transfers (left) and addresses (right). Source: bscscan.com<\/em><\/figcaption><\/figure>\n<p>On the other hand, there has been increased use of ANKR tokens on the Binance Smart Chain network. This shows that the project has gained relevance both as a validator, and the aETH synthetic token is continuing to see increased use within its DEX ecosystem. <\/p>\n<p>VORTECS\u2122 data from Cointelegraph Markets Pro also began to detect a bullish outlook for Ankr on March 5, which is before the recent price rise.<\/p>\n<p>The VORTECS\u2122 score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points, including market sentiment, trading volume, recent price movements, and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> activity.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-03\/4173362d-9f62-4c22-abc8-fecdc333ce76.png\"><figcaption style=\"text-align: center;\"><em>VORTECS\u2122 Score (green) vs. ANKR price. Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<p>As seen in the chart above, the VORTECS\u2122 score began turning green on March 5 and on March 6 reached a high of 75, roughly twelve hours before ANKR price initiated a two-day 20% rally to $0.04.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Competition_is_ferocious_but_Ankr_has_an_edge\"><\/span>Competition is ferocious, but Ankr has an edge<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Although Ankr has a promising outlook, there are multiple competitors like Stakin, Stake.Fish, Stake Capital, and Staking Facilities that operate in the same sector. Nevertheless, reaching the number one position as a Binance Smart Chain validator gives Ankr some credibility and leverage. <\/p>\n<p>Investors would do well to keep a close eye on how the aETH synthetic asset grows in size and integration in its staking, DEX, and yield farming solutions. Overall, Ankr seems to be in an excellent position to capture this fast-growing market.<\/p>\n<p><em>The views and opinions expressed here are solely those of the <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/noshitcoins\"><em>author<\/em><\/a><em> and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.<\/em><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/ankr-gains-137-after-becoming-the-top-validator-on-binance-smart-chain\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Ankr gains 137% after becoming the top validator on Binance Smart Chain &#8221; It\u2019s hard to argue that the crypto market is not in a bull market right now, but this run does show different characteristics and catalysts than the 2017 bull market.\u00a0 In 2017, investors were hyped by the allure of high returns&#8230;<\/p>\n","protected":false},"author":1,"featured_media":200850,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDMvMjlmODNmYjYtMjZjOC00YjE2LTg3YjUtNzVjMGE4YWJjZTJlLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,88119,97532,74868,77595,74876,73785],"class_list":["post-200849","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-altcoin-watch","tag-bsc","tag-defi","tag-lending","tag-proof-of-stake","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/200849","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=200849"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/200849\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/200850"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=200849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=200849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=200849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}