Microsoft

Ankr price prediction: ANKR outlook after Microsoft and Tencent partnerships

Ankr (ANKR) price is up 70% this past week, while positive news has helped its value more than double on the 30-day timeframe. Ankr has struck partnerships with Microsoft and Tencent. The price outlook for ANKR is a potential retest of the resistance line at $0.058 and move higher, or a flip to recent demand

  • Ankr (ANKR) price is up 70% this past week, while positive news has helped its value more than double on the 30-day timeframe.
  • Ankr has struck partnerships with Microsoft and Tencent.
  • The price outlook for ANKR is a potential retest of the resistance line at $0.058 and move higher, or a flip to recent demand zones.

The Ankr (ANKR) price soared to its highest price since August 2022, with bulls pushing past $0.05 to test a major resistance area.

While the token has pared some of the gains on Wednesday, the massive daily candle seen on Tuesday has helped to maintain weekly gains at 70% and 30-day gains at over 100%.

Ankr price forecast amid mega Microsoft and Tencent partnerships

ANKR’s breakout to highs of $0.058 happened as tech giant Microsoft announced a partnership with the blockchain platform. 

As covered by CoinJournal, the deal between Ankr and Microsoft is set to offer node services, and will focus on making it easy for enterprises and organizations to access blockchain data.  Microsoft will support the service via its Microsoft’s Azure marketplace.

The partnership with Microsoft comes on the back of another major collaboration with Tencent Cloud. In an announcement, the company said it has signed a Memorandum of Understanding (MoU) with the Web3 infrastructure provider. The partners will jointly work on a “suite of blockchain API services” as they help power Web3 growth.

The news has greatly aided ANKR price action over the past two days, with the cryptocurrency now trading roughly 40% higher since the huge candle on Tuesday.

What’s next for the Ankr (ANKR) price?

The ANKR price is up about 6% on Coinbase as of 13:30 ET on 22 February and is changing hands around $0.049.

While it has decreased from yesterday’s highs, the price is still near a key resistance line and a breakout could see it not only retest the $0.058 supply wall, but offer bulls a likely target to early May and early April resistance lines at $0.066 and $0.100 respectively. The daily and weekly RSI indicators are trending bullish to support this outlook.

Ankr price chart showing major gains in the past two days. Source: TradingView.

But if the price turns bearish short term, a revisiting of old recent demand zones at $0.031 and $0.015 could be in play. Matthew Dixon, CEO of crypto ratings platforms Evai predicts ANKR price could even dip to its all-time low.

Read More

Be the first to write a comment.

Leave a Reply

Your email address will not be published. Required fields are marked *

Microsoft

Arkane Founder: ‘I Think Game Pass is Unsustainable’

The founder and former president of Arkane Studios Raphaël Colantonio, who left in 2019, took to social media weighing on the huge Microsoft and Xbox layoffs. “Why is no-one talking about the elephant in the room? Cough cough (Gamepass),” said Colantonio (spotted by VideoGamesChronicle). He added…

The founder and former president of Arkane Studios Raphaël Colantonio, who left in 2019, took to social media weighing on the huge Microsoft and Xbox layoffs.
“Why is no-one talking about the elephant in the room? Cough cough (Gamepass),” said Colantonio (spotted by VideoGamesChronicle).
He added…
Read More

Continue Reading
Microsoft

In the Wake of Xbox Layoffs, Founder of Dishonored and Prey Dev Arkane Slams Game Pass: ‘Why Is No-One Talking About the Elephant in the Room?’

Hot on the heels of the layoffs that have swept through Xbox, the founder of Microsoft-owned Arkane Studios has hit out at Game Pass, whose subscription model he called “unsustainable.” Raphael Colantonio, who founded the Dishonored and Prey developer and served as its president before leaving in 2017 to start Weird West maker WolfEye Studios

Hot on the heels of the layoffs that have swept through Xbox, the founder of Microsoft-owned Arkane Studios has hit out at Game Pass, whose subscription model he called “unsustainable.”

Raphael Colantonio, who founded the Dishonored and Prey developer and served as its president before leaving in 2017 to start Weird West maker WolfEye Studios, took to social media to ask: “Why is no-one talking about the elephant in the room? Cough cough (Gamepass).”

When asked to expand on his thoughts on Game Pass, which Weird West launched straight into as a day one title in March 2022, Colantonio said: “I think Gamepass is an unsustainable model that has been increasingly damaging the industry for a decade, subsidized by MS’s ‘infinite money,’ but at some point reality has to hit. I don’t think GP can co-exist with other models, they’ll either kill everyone else, or give up.”

Colantonio’s comment sparked a vociferous debate about the pros and cons of Game Pass in industry terms as well as for the customer. Microsoft’s subscription service has been called many things over the years: the death of the video game industry; the savior of smaller developers who benefit greatly from payments made by Microsoft to secure their games; and everything in between. During the great Xbox FTC trial to decide the fate of Microsoft’s $69 billion aquisition of Call of Duty maker Activision Blizzard, then PlayStation boss Jim Ryan claimed that he had talked to “all the publishers” and that, unanimously, they all hated Game Pass “because it is value destructive.” He also said Microsoft “appears to be losing a lot of money on it.”

Back in 2021, Xbox boss Phil Spencer countered Game Pass doomsayers, saying: “I know there’s a lot of people that like to write [that] we’re burning cash right now for some future pot of gold at the end. No. Game Pass is very, very sustainable right now as it sits. And it continues to grow.”

That was four years ago. What about now, in the wake of cuts that have seen Rare’s Everwild, the Perfect Dark reboot, and an unannounced MMO in the works at developer behind The Elder Scrolls Online all canceled?

Colantonio’s comments were backed by a number of industry peers, including the former VP of biz dev at Epic Games. Michael Douse, publishing director at Baldur’s Gate 3 developer Larian, said that the biggest concern right now revolves around what happens when all that money runs out. This, Douse added, is “one of the main economic reasons people I know haven’t shifted to its business model. The infinite money thing never made any sense.”

(It’s worth noting that Baldur’s Gate 3 has so far not launched in Game Pass or PlayStation Plus.)

Colantonio then ridiculed Microsoft’s insistence that launching games into Game Pass did not impact sales, only to later admit the contrary.

Douse responded to to say he prefers the Sony way of doing things. Sony’s PlayStation Plus policy is to keep first-party games off the subscription service at launch, only adding them some time later. That’s why you won’t see this year’s Sony’s Ghost of Yotei launch straight into PS Plus, but you will see Call of Duty: Black Ops 7 as a day one Game Pass launch.

“The economics never made sense, but at the same

Read More

Continue Reading
Microsoft

Microsoft denies shutting down operations in China

Microsoft China denied it would cease operations in the country, after a screenshot of an internal email from Wicresoft, a Microsoft outsourcing partner, fueled speculation about a potential exit. On Monday, several employees of Wicresoft shared screenshots of layoff emails on social media. The email cites geopolitical tensions and shifts in the global business landscape

Microsoft China denied it would cease operations in the country, after a screenshot of an internal email from Wicresoft, a Microsoft outsourcing partner, fueled speculation about a potential exit. On Monday, several employees of Wicresoft shared screenshots of layoff emails on social media. The email cites geopolitical tensions and shifts in the global business landscape [……
Read More

Continue Reading
Microsoft

Fake Microsoft Office add-in tools push malware via SourceForge

Threat actors are abusing SourceForge to distribute fake Microsoft add-ins that install malware on victims’ computers to both mine and steal cryptocurrency. …

Threat actors are abusing SourceForge to distribute fake Microsoft add-ins that install malware on victims’ computers to both mine and steal cryptocurrency. …
Read More

Continue Reading