Steemit Crypto Academy - Lesson 6 - Homework Post for @besticofinder

Hello awesome people, how is everyone doing today, hope everyone is having a great week. I’m super excited to be part of this lesson 6 and to partake in the topic and to share my knowledge and talk about some amazing cryptocurrency projects as well. Really enjoying these lectures, not only for the amazing topics but also I find it as a great way to expand my knowledge on cryptocurrency-related topics. This week’s lesson is about how to invest in cryptocurrencies and giving personal opinions about one crypto project in the top 400 on coinmarketcap…

Cryptocurrency have seen a tremendous growth since its inception… A lot of cryptocurrencies have attained massive rise in price and popularity this past few months and that has increase the interest in blockchain and cryptocurrency from both old and new persons coming into the space. Investing in cryptocurrency has been one of the main and trending topics over the past months and will continue to be as far as cryptocurrency continues to gain more and more growth and adoption. In this post, the cryptocurrency project I will be talking about is Ankr (ANKR) which is one of the top projects out there that are looking to do great things in the blockchain and crypto space.

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Ankr (ANKR)

Ankr was founded in 2017 and is one of the projects that is making a name for itself recently, not only for its price but also for what they are doing and what they plan to do when it comes to utilizing the power of blockchain technology in building a cloud computing platform. Ankr is a shared cloud economy driven by idle processing power. It is basically a project that is building a cloud computing platform that will distribute idle computing power. The people at Ankr believes that the future of computing lies on cloud computing as there is a need for cloud computing to be decentralized. Like every other projects in the crypto space, Ankr has its own native token and the token of the Ankr network is the ANKR… it is the native governance token of the Ankr Staking platforms and also serves as a utility token to pay for services like computing power, node deployment…

At the moment, ANKR is ranked number 111 on coinmarketcap… ANKR has a current marketcap of $470,628,234, fully diluted marketcap of $673,242,456, circulating supply of 6,996,232,711 ANKR, total supply of 10,000,000,000 and max supply of 10,000,000,000 ANKR coins.

One of the things look out for when investing in any crypto project is the concept and idea of the project and what the project aims to achieve. ANKR is one of the projects that has shown that they are really pushing to positively disrupt the cloud computing industry. With a lot of partnerships and what they are building and doing behind the scenes, ANKR is definitely one of the projects to look out for.

Ankr - Social Reach

So far, ANKR is getting the recognition that it deserves. They are doing a very good job in their social reach and are pretty much very active on their social channels. Users, enterprises are already utilizing what ANKR has to offer in terms of cloud computing power, node deployments etc. The ankr community is quite large, they have a telegram channel of over 15k members, medium page and active twitter account with of over 55k followers and are actively posting on twitter and communicating with their community which is great. ANKR is currently listed on major exchanges like binance, huobi, kucoin, bittrex, upbit, digifinex, bitmax, cointiger, hotbit, hitBTC, etc.

Ankr - Project Purpose

The project focuses on building a decentralized cloud computing infrastructure that will distribute idle cloud computing power to users. It is focusing on providing solutions that utilize shared resources as well as providing affordable node deployment and solutions for blockchain node hosting.

Ankr - Team

According to research, Ankr founded at Berkeley University in California… Chandler Song is the Co-founder and CEO of Ankr. He worked as an engineer at Amazon Web Services. Ryan Fang is also the co-founders and worked as an investment banker at Morgan Stanley.

Response from the market for the particular project.

Ankr has so far received a positive response from the market as you can see from the price charts and recent activities. In my opinion, there are not many projects that are doing what ankr are doing or competing with Ankr in the blockchain and crypto space at the moment, atleast not that I know of. Ankr is the only blockchain-based project that is involved with cloud computing services, node deployment and blockchain node hosting solutions.

My Opinion

After going through the project and reading what the project is all about, the team behind the project, the community and what the plan to do going forward, Ankr is definitely one of the projects to look out for. One of the factors that caught my attention and i really like about the project is the ideas that they are planning on accomplishing. What they have done and are trying to do will be of great benefit to users in the blockchain world. Also, another good thing is that they are actively engaging in healthy partnerships with other amazing projects which is great.

For me, It is an amazing project with an amazing concept and mission… looking at what they’ve accomplished and what they are still trying to accomplish, there is no doubt that the blockchain world will benefit from their offerings. However, this is just my opinion on this project and like I always say, it is better to do your own proper research when delving into any investment especially in the crypto space.

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@steemcurator01
@steemcurator02
@steemitblog
@besticofinder