After a long rally, ANC (the 93rd most valuable coin by market value) is beginning to lose its gains. At the time of writing, it had lost nearly 10%.
If you want to know what ANC is, can it give you good returns, and the top places to buy ANC, you’ve come to the right place.
Top spots to purchase ANC now
KuCoin, a global cryptocurrency exchange, allows users to trade digital assets and crypto currencies. KuCoin was founded in September 2017. It is one of the most well-known crypto exchanges. There are over 5,000,000 registered users across 200+ countries. According to Alexa traffic ranking, KuCoin’s monthly unique visit ranks the top 5 globally.
KuCoin is now available for purchase of ANC
What is ANC?
Anchor Protocol is a Terra-based lending and borrowing protocol that offers a high yield on deposits of stablecoins. The surge in stablecoins’ popularity led to a corresponding surge of the ANC token price. These gains are now starting recede.
Anchor allows borrowers to convert LUNA collateral into useful assets, without having to relinquish control. Lenders can place their UST to earn attractive rates while enjoying low volatility.
Anchor Protocol has attracted risk-averse investors looking for stable and high-yield investments, increasing demand for Terra’s stablecoin UST. This encourages the adoption UST, and subsequently the adoption the entire Terra ecosystem in the DeFi.
Do I need to buy ANC now?
Doing your research is the only way to be sure. You should base your investment decisions on market expertise, risk-aversion, and the spread of your portfolio. Consider how you would react if you lost money.
ANC price prediction
Coin Quora predicts that the bullish ANC price forecast ranges between $2.89 and $5. They believe it will reach $10 soon and are optimistic about its trajectory. The 2022 bearish ANC prediction price is $1.32 It’s currently around $3.
ANC on social media
— Crypto Economy (@cryptoeconom) April 3, 2022