Anchor Protocol Price Prediction: Will ANC Slice Through The $1 Mark This 2022?

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The post Anchor Protocol Price Prediction: Will ANC Slice Through The $1 Mark This 2022? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

Anchor Protocol has been one of the renowned projects in the crypto-verse. Terra’s yield generating project continues to remain an ideal choice for borrowers and lenders for profitable gains. The Anchor Protocol has awarded 19.5% in rewards for investors, who had staked UST.

However, the recent de-peg event of UST has had a direct impact on ANC. So is this the right time to bag some ANC? Look no further, and dive in as we explore the plausible price predictions for 2022 and the years to come.

Overview

Cryptocurrency	Anchor Protocol
Token	ANC
USD Price	$0.1007
Market cap	$34,958,545
Circulating Supply	347,080,915.95 ANC
Trading Volume	$35,947,691
All-time high	$8.31 (98.78%)
All-time low	$0.05084

*The statistics are from press time.

Anchor Protocol (ANC) Price Prediction For 2022

Potential Low	Average Price	Potential High
$0.258	$0.337	$0.415

The price of ANC had picked up at $3.44 on the 1st of January. Ranging to the south, the altcoin took a plunge to $2.7 by the 10th of January. The downtrend further aggravated following the market-wide crash, which dragged the ANC’s price to $1.33 by the 28th of January.

Following uncertainties and FUD in the business, the crypto asset picked up steam on the 6th of February. Which helped it take an ascend to $2.57 by the 6th of March. However, the growing dominance of sellers, called for a downswing to $2.509 by the 31st of March.

Anchor Protocol’s (ANC) Price Prediction For Q2

The trajectory of ANC’s price has been rough since the start of the second quarter. A reversal from the oversold regions, with an impetus from buyers, could push the price to its potential high of $0.1588. In contrast, continuity in bearish trends could plunge the price to a minimum of $0.092. That said, a balance in buying and selling pressures could land the price at $0.132.

ANC Forecast For Q3

If the protocol employs developmental and community building initiatives. The results would reflect on the userbase of the network, this could help build up the volumes of ANC. Wherefore, the price of ANC could propel to its quarterly high of $0.263. On the flip side, the lack of marketing initiatives could plummet the price to $0.157. Successively, a linear momentum might curb the price at $0.2112.

Prediction Of ANC For Q4

The positive sentiments of the final quarter could initiate a bull run in the industry. Further seeking impetus from notable adoptions and collaborations, the digital token could triumph the year with a price tag of $0.415. Conversely, failing to stand tall to its expectations, might result in a fall to $0.337. Considering the bullish and bearish targets, the regular price might find grounds at $0.258.

Anchor Protocol’s Price Forecast For 2023

If the protocol grows in prominence, amidst the possible rise of Defis. The price of ANC might chug up to an annual high of $1.027. However, depressing factors such as financial crisis or regulatory concerns might slash the price to $0.397.

Price Prediction Of ANC For 2024

The Anchor Protocol might find an increase in collaborations and adoptions if the makers focus on making the platform more user-friendly and enterprise compliant. In such a scenario, ANC’s price might soar as high as $1.79. On the other hand, a prolonged bearish rule and ebbing positivity might lead to the token’s tumble to $0.886.

Price Trajectory For 2025

By the end of 2025, the network could find the developments such as staking derivatives, fintech integration, and fiat on-ramps, amongst others, yielding the results. Materializing of which, could moonshot the price to $3.394.

Conversely, the possibility of a market-wide correction or ebbing stance of Anchor Protocol amidst growing competition. Might correct the price to a minimum of $1.811.

Year	Potential Low	Potential High
2023	$0.397	$1.027
2024	$0.886	$1.79
2025	$1.811	$3.394

What Does The Market Say?

Digital Coin Price:

As per the prediction of Digital Coin Price. ANC might chug up to a maximum of $0.15 by the end of 2022. Whilst a reversal in trends could drop the price to a minimum of $0.13. A balance in buying and selling pressures could land the price at $0.14.

Trading Beasts:

The analysts from Trading Beasts expect the price of ANC to hit its potential high of $0.271 by the end of 2022. The maximum closing targets for the years 2023 and 2025 are set at $0.4226 and $0.553.

Priceprediction.net:

The price forecast by the website has set the maximum price target for 2022 at $0.2. Whilst the minimum and average targets are pinned at $0.18 and $0.19. The digital asset is anticipated to breach as high as $0.32 by the end of 2023. And a maximum of $0.65 by the end of 2025.

Click here to read the price prediction of Polkastarter (POLS)!

What Is Anchor Protocol?

Anchor Protocol is a borrowing and lending protocol, which is built on the Terra Blockchain. It was the 29th project to join Binance Launchpool. The over-collateralization allows for borrowers to take out loans with their digital assets, earning interest in return. The Anchor Protocol offers up to 19.5% yield on stable coin deposits.

Whilst lenders can deposit their UST holdings and earn lucrative interests, while also benefitting from low volatility. On the other hand, borrowers can use their LUNA, (which is as collateral) as profit yielding assets, while holding control of it.

Fundamental Analysis

The Anchor Protocol was launched in the March of 2021, by Terraform Labs, which was founded by Daniel Shin and Do Kwon. Prior to his move with Terra, Do Kwon was the CEO of Anyfi. Which is a startup that provides solutions for decentralized wireless mesh networking. Mr Kwon had previously also worked as a software engineer for Microsoft and Apple.

On the other hand, Mr Daniel had co-founded a South Korean e-commerce platform “Ticket Monster”. He has also co-founded “Fast Track Asia”, which is a start-up incubator, helping entrepreneurs raise completely functional companies.

The UI and easy-to-use-functionality helps Anchor Protocol stand out from the crowd, with Compound and Aave as its prominent rivals. The aim of the network of bridging borrowers and lenders, whilst offering lucrative deals for both, accounts for its USP.

Our ANC Price Prediction

The Anchor Protocol is foreseen to welcome a wider audience, with its fundamental strengths and hold in decentralized payments. As per the formulated price prediction of Coinpedia, the price of ANC might take a flight to $0.4 by the annual trade closure of 2021. However, a downswing could knock the price down to $0.25.

Historical Market Sentiments

2021

Anchor Protocol made its presence in the industry on the 17th of March 2021, with a price tag of $3.47. As a number of marketers wanted to grab a deal, the price soared close to 138%. To claim its ATH of $8.31, by the 19th of March. However, the altcoin corrected itself to $4.64 by the end of March. The price of ANC took a dip to $3.95 by the 4th of April.

However, taking an about-turn, the price surged to $5.68 by the 15th of April. Volatility and turbulence in the business led to a downswing to $4.859 levels by the 18th of April. A steady ascend helped ANC hit $5.99 by the 30th of April. But the treacherous crash in the market dragged the price of ANC by over 50% to $2.615 by the 25th of May.

After oscillating in the range between $2.53 and $2.92 until the 23rd of June. A steady fall called for the local bottom at $1.71 by the 27th of July. The month of August brought in the much-needed relief to the ails, helping ANC close its trade for the month higher at $3.09. Thereafter, a steady ascend resulted in the altcoin hitting the $4.47 mark by the 15th of September.

After a short-term pullback to $2.72 on the 29th of September, the quarter was closed at $3.06. After ranging sideways for the most part of October. By the 5th of November, ANC’s price escalated to $3.99. Carrying forward the uptrend, the price hit the $4.43 mark, by the 4th of December. Concluding the year, the altcoin slipped down to $3.45.

To read our price prediction of SXP click here!