Advertisement
AD

Main navigation

ANKR Spikes 60% on Microsoft Partnership Announcement, Here's What's Next

Advertisement
Tue, 21/02/2023 - 16:30
ANKR Spikes 60% on Microsoft Partnership Announcement, Here's What's Next
Cover image via www.freepik.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

ANKR became today's most profitable major cryptocurrency after its price rose by more than 60% at one point. The reason for such impressive price action was the announcement of a partnership between Ankr and technology giant Microsoft (MSFT) to provide enterprise node services.

Advertisement
ANKR to USD by CoinMarketCap

As part of the collaboration, the companies plan to launch a service that will give corporations and organizations wishing to access the benefits of blockchain an easy and reliable way to host their nodes. Using Microsoft's cloud capabilities and Ankr's innovations in blockchain infrastructure, the plan is to offer an enterprise node deployment service of global, low latency blockchain connections for any Web3 project. What's most interesting is that the service will then appear on Microsoft's marketplace, Azure, making it available to millions of customers.

ANKR, liquid staking and Ethereum Shanghai update

By the size of the pump that this news produced on the quotations of ANKR, it can be compared with the August news about Binance Labs investment in the project. At that time, the investment arm of the black-and-yellow crypto giant invested in Ankr in order to stimulate cross-chain staking innovations.

Related

This also opens another potential trigger for ANKR, which can hold much of today's momentum. We are talking about the March update Shanghai for Ethereum, which, according to the emerging narrative, should favorably affect the quotations of liquid staking operators, including ANKR.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
AD