Anchor Protocol (ANC) is the 29th project on Binance Launchpool and a lending/borrowing protocol on the Terra blockchain.
ANC employs an over-collateralized architecture that enables users to lend, borrow, and earn interest on their digital assets.
Anchor is a Terra blockchain savings protocol that allows for quick withdrawals and pays depositors a low-volatility interest rate of 19.5 percent, which is amongst the highest among stablecoins. Anchor makes deposits available to borrowers who provide security in the form of liquid-staked PoS assets, bLUNA and bETH. Let us review the ANC price.
ANC Price Prediction
Bullish Scenario: If ANC manages to break above the resistance level at $2.875 then it would be bullish. If it gains some momentum and buying pressure builds up then we might test the next resistance level at $2.875 and $3.081. Breaking above $3.081 price level with significant buying volume will lead to a good chance of making a new ATH and crossing above $3.345.
Bearish Scenario: ANC has been in an uptrend since the last few weeks. But If the current support level $2.663 doesn’t hold then it will hit $2.503, $2.348 and below sooner or later.
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