Web3 Token Surpasses Bitcoin, Ethereum In Weekly Gains With 33% Surge On Microsoft Tie-Up
The native token of Ankr Protocol, ANKR (CRYPTO: ANKR), saw a 33% surge in the last seven days, outperforming gains clocked by two of the biggest cryptocurrencies, Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).
| 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 (NASDAQ: 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.
| 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 (CRYPTO: SSV), up 27.15% in a week after the startup said that it is conducting a hackathon at ETH Denver.
Ethereum is evolving, but not without you!
Introducing… ETHDenver Hackathon!
$35k prize pool
No predefined skillsetsDiscover the challenges, requirements, and how to participate. pic.twitter.com/lghaN0zrN0
— ssv network (@ssv_network) February 24, 2023
Bitcoin Layer-2 token Stacks (CRYPTO: STX) 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 (CRYPTO: GT) 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 (CRYPTO: SHIB) ecosystem token Bone Shibaswap (CRYPTO: BONE) was up 13.92% on the news of the much anticipated layer-2 Shibarium being launched next week.
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