Web3 Token Surpasses Bitcoin, Ethereum In Weekly Gains With 33% Surge On Microsoft Tie-Up

Zinger Key Points
  • ANKR shot up after it announced a partnership with Microsoft to provide fast blockchain connections for Web3 projects.
  • Bone Shibaswap was up 13.92% on the news of the much anticipated layer-2 Shibarium being launched next week.

The native token of Ankr Protocol, ANKR ANKR/USD, saw a 33% surge in the last seven days, outperforming gains clocked by two of the biggest cryptocurrencies, Bitcoin BTC/USD and Ethereum ETH/USD.

Top Cryptocurrencies
Cryptocurrency Gains (+/-)      Price (12 a.m. EST)
Bitcoin -4.28% $23,413
Ethereum -3.28% $1,635

What Happened: ANKR shot up after the San Francisco-based blockchain infrastructure startup announced a partnership with Microsoft MSFT last week, to provide fast and reliable blockchain connections for Web3 projects so that developers can focus on scaling their applications. 

The price of Ankr skyrocketed to $0.047 on Feb.21 after the company unveiled its partnership with the tech giant. At the time of writing, ANKR was trading at $0.044.

Top Gainers
Cryptocurrency Gains (+/-) Price (12 a.m. EST)
Ankr +33.46% $0.044
ssn.network +27.15% $43.94
Stacks +18.44% $0.86
Gate Token +15.29% $5.36
Bone ShibaSwap +13.92% $1.89

See More: Top Indian Apps That Give Bitcoin, NFT Rewards

The second on the list is the ssv. network token SSV/USD, up 27.15% in a week after the startup said that it is conducting a hackathon at ETH Denver.

Bitcoin Layer-2 token Stacks STX/USD rose 18.44% and was third on the list because of its relationship with the much-hyped ordinals.

The fourth on the list is the Gate Token GT/USD up 15.29%. The rally in price can be attributed to the Gate.io crypto exchange, which became the latest to apply for a license in Hong Kong. The firm joins Huobi Global, OKX, and Bitget, seeking approval in the regime due to crypto-friendly policies.

Last on the list is the Shiba Inu SHIB/USD ecosystem token Bone Shibaswap BONE/USD was up 13.92% on the news of the much anticipated layer-2 Shibarium being launched next week.

Read More: Bitcoin, Ethereum, Dogecoin Rise: Analyst Warns 'Ugly' Bond Market Selloff Could Pull Apex Crypto Down To $21.5K

Market News and Data brought to you by Benzinga APIs
Posted In: CryptocurrencyNewsTop StoriesMarketsMoversTrading IdeasAnkr ProtocolBONE ShibaSwapShibarium
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...