Anchor Protocol price prediction as TVL crawls back to $20 billion

Anchor Protocol price prediction as TVL crawls back to $20 billion
фото показано с : coinjournal.net

2022-5-4 13:00

The Anchor Protocol price is still under pressure even after its market activity did relatively well. The ANC token is trading at $1.7100, which is slightly above this month’s low of $1.5855. It remains being about 72% below the highest level this year, bringing its total market cap to over $587 million.

Anchor TVL is rising again

Anchor Protocol is a leading blockchain project that is in the decentralized finance (DeFi) industry. It is a lending and savings platform that is known for delivering exciting rewards to its users.

According to its website, Anchor has a total value locked (TVL) of over $19.9 billion. Of these, the total deposits are more than $14 billion and a total collateral of more than $5.9 billion. The coin has a total yield reserve of over 198 million UST.

The Anchor Protocol’s performance has lagged in the past few months as investors reacted to the introduction of the semi-dynamic earn rate. This simply means that the coin’s earn rate will be adjusted every first day of the month. 

Learn more about how to buy cryptocurrency.

The built-in system updates the APY by + or minus 1.5%, with the ceiling being 20%. This system depends on the yield reserve. For example, if the yield reserve rises by 1.5%, the earn rate will also rise by 1.5%. 

On the other hand, if the reserve rises by 3%, the earn rate will also rise by 1.5%. Many investors believed that this system was. On Sunday, the official Twitter account announced that the APY for the protocol for this month is about 18%.

The Anchor Protocol is also falling as investors react to the latest Prop 25, which increased the oracle timeout from 60 to 90 seconds. 

Anchor Protocol price

The Anchor Protocol price has been in a strong bearish trend in the past few months as concerns about returns remain. The coin moved slightly below the upper side of the descending channel. It has also moved slightly below the 25-day and 50-day moving averages while the Stochastic Oscillator has moved slightly below the overbought level. 

Therefore, the ANC token will likely resume the downward trend as bears target the lower side of the descending channel at $1.45. A move above the resistance level at $1.8 will invalidate the bearish view.

The post Anchor Protocol price prediction as TVL crawls back to $20 billion appeared first on Coin Journal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

ETH/LINK Price Action Candlestick Set (LINKETHPA) на Currencies.ru

$ 467.1 (+0.48%)
Объем 24H $0
Изменеия 24h: 0.85 %, 7d: 17.53 %
Cегодня L: $453.49 - H: $467.1
Капитализация $0 Rank 3676
Доступно / Всего 0 LINKETHPA

price anchor protocol billion back prediction crawls

Источник: coinjournal.net

price anchor → Результатов: 20


Anchor Protocol Price Prediction 2022 – 2025 – 2030 | ANC Price Forecast

In this guide, we will voice our own and market’s opinion on ANC future while discussing the Anchor Protocol price forecast for 2022 and beyond. Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future […] The post Anchor Protocol Price Prediction 2022 – 2025 – 2030 | ANC Price Forecast appeared first on CaptainAltcoin.

2022-4-22 10:45


Фото:

Ethereum Price Watch: Currency Struggles to Anchor Around the $210 Mark, Future Still Remains Unclear

At press time, Ethereum, the world’s second largest cryptocurrency by total market capitalization is trading at a relatively stable price point of $209.73. However, as can be seen from the chart below, Ether has been struggling to stay above the $200 threshold for the past week or so — with the premier crypto asset even […] The post Ethereum Price Watch: Currency Struggles to Anchor Around the $210 Mark, Future Still Remains Unclear appeared first on NullTX.

2018-11-5 12:20


Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Traders dump Cardano and IOTA as they move to Vantard

Cardano and IOTA, two of the best-known players in the crypto industry, have underperformed the market over time as they evolved into ghost chains. A ghost chain is a blockchain whose coin is popular, but one that lacks a supportive ecosystem.

Crypto fear and greed index dive as focus shifts to Vantard

The crypto fear and greed index continued falling, reaching its neutral zone of 56, as most coins retreated.   Bitcoin moved to $68,000, much lower than this month’s high of $73,500. Similarly, Ethereum token fell to $2,400, while the total market cap of all cryptocurrencies dropped to $2.

Why experts are backing cryptos like Vantard, MEW, and Popcat

Cryptocurrency prices are doing well this year, with most of them outperforming traditional assets like the S&P 500, Nasdaq 100, and the Dow Jones. These indices have all jumped by over 15%, while Bitcoin has risen by almost 60%, and is hovering near its all-time high.

Growing number of Solana and Cardano investors are investing heavily in this utility token under $0.08

A growing number of smart money crypto investors are shifting their focus from Solana (SOL) and Cardano (ADA) to an emerging utility token priced under $0.08. The Rexas Finance token offers a unique value proposition with strong use cases in decentralized finance (DeFi) and real-world asset tokenization, making it an attractive alternative to more volatile […] The post Growing number of Solana and Cardano investors are investing heavily in this utility token under $0.08 appeared first on CoinJournal.