ANC, the native token of Anchor Protocol, has been rallying over the previous two days. The Terra blockchain-based crypto doubled its worth in simply 24 hours, including greater than 100%.
Its rally stems from an announcement made on May 21. Anchor is bridging Terra’s bETH tokens to Ethereum. Users can ship their bETH tokens from the Terra protocol to Ethereum, swap them for stETH and earn staking yields of up to 4% APR.
If you’re attracted to distinctive options and need to find out how and where to buy ANC, this information is for you.
Top locations to buy ANC now
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BKEX is a centralized cryptocurrency alternate positioned in British Virgin Islands. There are 254 cash and 415 buying and selling pairs on the alternate.
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What is ANC?
Anchor Protocol is a lending and borrowing protocol providing excessive yields on stablecoin deposits. It was based in March 2021 by Terraform Labs, which was in flip cofounded by Do Kwon, the creator of Terra.
The protocol makes use of income from the unfold between debtors’ and lenders’ rates of interest to earn staking rewards. Its treasury, the Anchor Yield Reserve, covers its bills when charges haven’t reached a secure equilibrium.
Should I buy ANC right this moment?
Considering how exhausting it’s to provide you with an correct cryptocurrency prediction, it’s best to by no means make any choices affecting your funds earlier than an in-depth market evaluation. Don’t make investments greater than you may afford to lose.
ANC value prediction
Digital Coin Price is kind of bullish on ANC:
- 2022: from $0.57 to $0.66
- 2023: from $0.62 to $0.75
- 2024: from $0.57 to $0.85
- 2025: from $0.80 to $0.99
ANC on social media
— Kripto Ecrin (@ecrinece06) May 23, 2022