ANC, the native token of Anchor Protocol, is soaring on a series of lucrative partnerships, like with 777s Casino to build the first betting platform on Terra. If you want to know more about the crypto – what it is, if it’s worth buying, and the best places to buy it now, you’ve come to the right place.
Top places to buy ANC now
KuCoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges and already has over 5 million registered users from 200+ countries and regions. According to Alexa traffic ranking, KuCoin’s monthly unique visit ranks the top 5 globally.
BKEX is a centralized cryptocurrency exchange located in British Virgin Islands. There are 254 coins and 415 trading pairs on the exchange.
What is Anchor Protocol?
It is a money market between stablecoin borrowers and lenders. It gives borrowers ANC to encourage them to take out loans. The rate offered to lenders is quite appealing at just under 20%.
Anchor Protocol is a savings protocol on Terra, which aims to offer safe, balanced yields on Terra stablecoin deposits. It was created by Terraform Labs in March 2021.
You can deposit it to create new governance polls, which users staking ANC can vote on.
As cryptocurrencies began falling, demand for borrowing dropped, taking the ANC coin price down with it. ANC’s price increased after a cash injection to its reserves in February. But is this sustainable? We’ll look at this question in the following sections.
Should I buy it today?
Nothing can substitute doing your own research. Any investment decision you make should be based on your market expertise, your attitude to risk, and the features and spread of your portfolio. Also consider how you would feel about losing money.
Anchor Protocol price prediction
Digital Coin Price makes a moderately bullish prediction, seeing the coin price reach $9.37 in 2027. By 2031, 1 ANC will trade for $18.66.
Price Prediction is more optimistic. They predict an average price of $5.18 in 2022, $15.44 in 2025 and $33.89 in 2027. By 2031, 1 ANC will change hands for $157.
ANC on social media
Just 8 days ago we were at $10 billion TVL on @anchor_protocol
Today, at a massive $11.8 billion. More and more people are seeing the true value of Anchor and Terra
$100bn TVL incoming! pic.twitter.com/Jpkoxu2Vh5
— Fynn 🌖 (@FynnToTheMoon) February 25, 2022