Kakao’s KLAY Suddenly Enters the Top 20
Arweave (AR) and Ankr (ANKR) Clinch New Record Highs
The reason why Arweave (AR) is on the rise? Data storage remains a profitable business. Arweave stores data in a decentralized manner and asserts that it will be stored forever unlike centralized companies where users have to blindly accept their policies and hope the company will not go out of business and that they also use proper security measures to safeguard the data. This is paramount during the present non-fungible token (NFT) frenzy where buyers are paying a huge amount in dollars to buy NFTs of their choice. If the NFT is misplaced or stolen due to any reason, it will incur a huge loss to the buyer. Therefore, Arweave’s claim of permanent storage may seem appealing for NFT owners. At the time of writing, Arweave is trading at $25.13, up 25.28% in the last 24 hours and 36.12% weekly. Filecoin, another decentralized storage system that aims to “store humanity’s most important information” has been on a tear since mid-March rallying to highs of $119. The asset has gained 28.45% in the last 24 hours and 41.66% weekly. The Ankr network is a blockchain-based distributed computing platform that aims to create an easy and affordable way for developers to deploy multiple blockchains to leverage idle computing power from devices and data centers. Following a Coinbase listing on Mar. 25, ANKR rallied to new all-time highs of $15.24 (as seen on Binance). ANKR is up by 49.16% in the last 24 hours and 107.16% weekly as at the time of writing while trading at $0.1389.
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