Is ANKR The Next Dogecoin? One Former Hedge Funder Seems To Think So

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is ankr the next dogecoin

Are you looking for the next penny crypto that will go boom? Former portfolio manager turned private trader, Will Meade, thinks ANKR is going to go as high as $.50 per coin. That would be an almost 4x from where the coin is at time of publish. He even went as fast as saying that ANKR is the next Dogecoin.

Meade, a former PM at a Goldman Sachs funded hedge fund, takes to Twitter quite often to make his stock and crypto predictions and ANKR seems to be his most recent bet in the crypto space.

He doubled down again before the weekend, but he’s been quite since the massive crypto selloff early Sunday happened.

If you’re unfamiliar with ANKR allow Coinbase to explain.

ANKR is an Ethereum token that powers Ankr, a distributed computing platform that aims to make it easy and affordable for developers to deploy and use a variety of blockchains. The ANKR token can be used to pay for services on Ankr, such as node deployment, and also acts as an incentive for network participants.

Will ANKR become the next Dogecoin? An argument for that outcome can certainly be made based on its utility. But although it is up over 100% since it was listed on Coinbase, it hasn’t gained mass appeal, like Dogecoin has, just yet. That said, Will Meade’s line of thinking does have some merit. It IS the least expensive play on Coinbase right now and that alone could propel it to even greater heights. High enough to dethrone Elon Musk’s favorite coin (Dogecoin)? Maybe not.

Author
C. James

C. James is the managing editor at Wealth Gang. He has a degree in finance and a passion for creating passive income streams and wealth management.