Sometimes issues in crypto will be absurd. The Verge wrote in an article revealed on May 20 that Luna’s recognition was due to Anchor Protocol’s lending program, which promised annual yields of virtually 20 %.
Terra died, and Anchor Protocol’s token ANC is presently up 66% and gaining.
If you need to know what ANC is, can it provide you with good returns, and the highest locations to buy ANC, you’ve come to the best place.
Top locations to buy ANC now
KuCoin is a world cryptocurrency trade for quite a few digital belongings and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the in style crypto exchanges and already has over 5 million registered customers from 200+ international locations and areas. According to Alexa site visitors rating, KuCoin’s month-to-month distinctive go to ranks the highest 5 globally.
Buy ANC with KuCoin as we speak
BKEX is a centralized cryptocurrency trade situated in British Virgin Islands. There are 254 cash and 415 buying and selling pairs on the trade.
Buy ANC with BKEX as we speak
What is ANC?
Anchor Protocol is a high-yield lending and borrowing protocol on stablecoin deposits. Lenders can deposit stablecoins and revenue from their investments whereas benefiting from low volatility on the similar time – not less than that’s what Anchor claims.
Anchor Protocol has attracted risk-averse traders searching for low-volatility, high-yield investments. It targeted on LUNA and Terra’s stablecoin UST.
Anchor Protocol just isn’t the one lending protocol on the market; it competes with AAVE, Compound, and extra. It claims to stand out via its intuitive use and elegant person interface.
The important worth of the protocol is in connecting lenders and debtors by providing the latter a approach to borrow in stablecoin with out dropping their investments and the previous a excessive rate of interest on a purportedly secure asset.
Should I buy ANC as we speak?
ANC will be price investing in in case your timing is correct. Unfortunately, that is typically unimaginable to know upfront. Any funding resolution ought to take your threat tolerance under consideration. Don’t take any worth predictions at face worth.
ANC worth prediction
Wallet Investor believes ANC is a foul long-term funding, echoing sentiment on Twitter that Anchor is ‘subsequent’ after Terra’s crashed LUNA. Digital Coin Price is extra optimistic, predicting a slight improve of ANC to $0.33 this yr.
As for the next years, they predict:
- 2023: From $0.31 to $0.37
- 2024: From $0.28 to $0.42
- 2025: From $0.40 to $0.49
ANC on social media
— JOKER OF CRYPTO🤡🔗 #…. (@Amir71813512) May 22, 2022