Anchor Protocol Price Prediction 2024, 2025, 2030: Will ANC Price Reach $0.05?

The post Anchor Protocol Price Prediction 2024, 2025, 2030: Will ANC Price Reach $0.05? appeared first on Coinpedia Fintech News

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 had awarded 19.5% in rewards for investors, who had staked UST.

However, the recent de-peg event of UST has directly impacted ANC. So is this the right time to bag some ANC? Look no further, and dive in as we explore the possible price predictions for 2024 and the years to come. 

Overview

Cryptocurrency	Anchor Protocol
Token	ANC
Price	$ 0.01423171 -3.20%
Market cap	$ 4,986,533.9582
Circulating Supply	350,381,852.3231
Trading Volume	$ 52,565.0100
All-time high	$8.31 on 19th March 2021
All-time low	$0.0047 on 19th June 2023
24 High	$ 0.0000
24 Low	$ 0.0000

*The statistics are from press time.

Anchor Protocol Price Prediction May 2024

The ANC price has been facing a repeated rejection at the resistance level of $0.0235, highlighting a strong liquidation point for this altcoin at that level. Since March, the price has been constantly trading in a consolidated range between $0.0144 and $0.0235.

Furthermore, the Simple Moving Average (SMA) acts as a resistance to the price chart, suggesting a bearish outlook for the altcoin in the coming time.

The Moving Average Convergence Divergence (MACD) displays a constant flatline in the chart, indicating buying and selling pressure for the altcoin in the market. Moreover, the averages show a neutral trend, highlighting uncertainty in future price action for the Anchor Protocol in the coming time.

If the cryptocurrency market experiences a bullish price action, the ANC price will prepare to test its resistance level of $0.018420 this week. However, bearish price action may pull the price toward its support level of $0.014410.

ANC Price Prediction 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. The positive sentiments could initiate a bull run in the industry.

In such a scenario, ANC’s price might soar as high as $0.0299 On the other hand, a prolonged bearish rule and ebbing positivity might lead to the token’s tumble to $0.0198. That said, the regular price could land at $0.0248.

Anchor Protocol Price Prediction 2024 – 2030

Price Prediction	Potential Low ($)	Average Price ($)	Potential High ($)
2024	0.0198	0.0248	0.0299
2025	0.0263	0.0324	0.0385
2026	0.0314	0.0394	0.0475
2027	0.0373	0.0444	0.0516
2028	0.0438	0.0519	0.0600
2029	0.0595	0.0682	0.0758
2030	0.0700	0.0844	0.0988

Anchor Protocol Price Prediction 2025

By the end of 2025, the network could find developments such as staking derivatives, fintech integration, and fiat on-ramps. Materializing, could moonshot the price to $0.0385. 

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 $0.0263. Consequently, factoring in the bullish and bearish targets, the average price could be at $0.0324.

Anchor Protocol (ANC) Price Prediction 2026

According to our analysts, ANC coin price prediction for the year 2026 could range between $0.0314 to $0.0475 and the average price of Anchor Protocol could be around $0.0394.

ANC Crypto Price Prediction 2027

According to our analysts, Anchor Protocol’s forecast for the year 2027 could range between $0.0373 to $0.0516 and the average ANC coin price could be around $0.0444.

Anchor Protocol Coin Price Prediction 2028

According to our analysts, ANC predictions for the year 2028 could range between $0.0438 to $0.0600 and the average Anchor Protocol price could be around $0.0519.

ANC Price Prediction 2029

According to our analysts, Anchor Protocol’s forecast for the year 2029 could range between $0.0595 to $0.0758 and the average ANC coin price could be around $0.0682.

Anchor Protocol Price Prediction 2030

According to our analysts, ANC predictions for the year 2030 could range between $0.0788 to $0.0988 and the average Anchor Protocol price could be around $0.0844.

What Does The Market Say?

Firm Name	2024	2025	2030
Wallet Investor	$0.230	$0.396	–
priceprediction.net	$0.0267	$0.0377	$0.2283
DigitalCoinPrice	$0.0434	$0.0640	$0.18

*We have made a table that includes the possible price prediction for the same token made by other crypto analysts on their respective platforms. The targets mentioned above are the average targets set by the respective firms.

CoinPedia’s 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 $0.0299 by the annual trade closure of 2024. However, a downswing could knock the price down to $0.0198.

Fundamental Analysis

The Anchor Protocol was launched in 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 help 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. 

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 borrowers to take out loans with their digital assets, earning interest in return. The Anchor Protocol offers up to 19.5% yield on stablecoin 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.

Anchor Protocol Historical Market Sentiments 2021 – 2022

• Anchor Protocol made its presence on March 17th, with a price tag of $3.47. As a number of marketers wanted to grab a deal, the price soared to its ATH of $8.31, by March 19th. 
• The price of ANC took a dip to $3.95 by the 4th of April, before climbing to $5.68 by April 15th. A treacherous crash in the market dragged the price of ANC by over 50% to $2.615 by the 25th of May. 
• August brought in much-needed relief, helping ANC close its trade for the month higher at $3.09. However, September was closed at $3.06. 
• After ranging sideways for the most part of October. November was a relatively bullish month, carrying forward the uptrend, ANC hit $4.43, by the 4th of December. 
• Concluding the year, the altcoin slipped down to $3.45. 
• The price of ANC had picked up at $3.44 on the 1st of January. Ranging to the south, the altcoin plunged to $2.7 by the 10th of January. The downtrend was 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 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. 

CoinPedia has dedicated a team of expert analysts to cover the possible crypto price prediction and sum it all up in one place, just for you!

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