Anchor Protocol shed almost a tenth of its value: is it time to buy the ANC dip?

Hottest New Crypto Listing On Major Exchanges
Hottest New Crypto Listing On Major Exchanges

Anchor Protocol shed almost a tenth of its value: is it time to buy the ANC dip?

By Daniela Kirova - min read

After an extended rally ANC, the 93rd biggest coin by market cap, is starting to reverse gains. It had lost almost 10% at the time of writing.  

If you want to know what ANC is, can it give you good returns, and the top places to buy ANC, you’ve come to the right place.

Top places to buy ANC now


Kucoin is a cryptocurrency exchange which offers over 200 cryptocurrencies. Kucoin has a wide range of services, such as; a built-in peer-to-peer exchange, spot and margin trading, bank level security and a wide range of accepted payment methods. Users can benefit from a beginner-friendly interface and relatively low fees.

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BKEX is a centralized cryptocurrency exchange located in British Virgin Islands. There are 254 coins and 415 trading pairs on the exchange.

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What is ANC?

Anchor Protocol is a lending and borrowing protocol on Terra, which offers a high yield on stablecoin deposits. The surge in stablecoins’ popularity led to a corresponding surge of the ANC token price. These gains are now starting to recede.

On Anchor, borrowers can turn LUNA collateral into productive assets without relinquishing control. Lenders can deposit their UST and earn attractive rates on their investments while benefiting from low volatility at the same time.

Anchor Protocol has attracted risk-averse investors looking for stable and high-yield investments, increasing demand for Terra’s stablecoin UST. This promotes the adoption of UST and subsequently the adoption of the whole Terra ecosystem in DeFi. 

Should I buy ANC 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.

ANC price prediction

According to Coin Quora, the bullish ANC price prediction ranges from $2.89 to $5. They are positive on its trajectory, predicting it could reach $10 soon. The bearish ANC price prediction is $1.32 for 2022. It’s currently around $3.   

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