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ANKR Soars by 60% in One Hour due to Microsoft Collaboration

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It is reported that according to the monitoring of 0xScope Protocol, ANKR has risen by more than 60% in one hour due to the news of Microsoft cooperation. A Sm…

ANKR Soars by 60% in One Hour due to Microsoft Collaboration

It is reported that according to the monitoring of 0xScope Protocol, ANKR has risen by more than 60% in one hour due to the news of Microsoft cooperation. A Smart Money (address beginning with 0xc0) bought 2.4 million ANKRs yesterday, worth about 75000 dollars. It earned about 45000 dollars in just one day. In October 2021, the Smart Money address bought 1.9 million ANKRs and sold them at the highest point just one month later. This transaction earned 108000 dollars. Is this a coincidence?

A Smart Money address bought 2.4 million ANKRs before Microsoft announced its cooperation, making a profit of 45000 dollars

Interpretation of the news:


The cryptocurrency ANKR experienced a significant surge of over 60% in just one hour, attributed to news of its collaboration with tech giant Microsoft. This report was analyzed by the 0xScope Protocol, which monitors and tracks the digital assets market. A Smart Money address, starting with 0xc0, purchased 2.4 million ANKR tokens yesterday for approximately $75,000, earning a substantial profit of $45,000 in just one day.

This was not the first time the Smart Money address invested in ANKR. In October 2021, it acquired 1.9 million ANKR tokens and sold them at the highest point a month later, earning a staggering $108,000. The question is, was this a coincidence or a carefully calculated investment strategy?

It’s worth noting that Microsoft’s collaboration with ANKR is a significant development that could impact the long-term price trajectory of the token. The technology giant aims to leverage ANKR’s decentralized finance infrastructure to provide its customers with more efficient and cost-effective cloud solutions. This announcement spurred massive buying activity as investors saw the potential of ANKR’s partnership with Microsoft.

However, it’s also possible that the Smart Money address engaged in a pump-and-dump strategy to take advantage of the hype surrounding ANKR’s latest news. This practice involves artificially inflating the price of a cryptocurrency through coordinated buying activity, then selling off the asset at the highest point for a quick profit.

Regardless of the intent behind the Smart Money address’s investment strategies, the ANKR token’s significant price movements show the volatile nature of the digital asset market. Investors must carefully analyze market trends and developments to make informed decisions and avoid risks.

In conclusion, ANKR’s rise due to its partnership with Microsoft highlights the potential impact of technology collaborations on cryptocurrency prices. However, investors must remain vigilant and avoid falling into the trap of speculative investment strategies based on hype and conjecture.

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