Anchor Protocol Price Prediction 2023, 2024, 2025: Will ANC Price Reach $0.01?

The post Anchor Protocol Price Prediction 2023, 2024, 2025: Will ANC Price Reach $0.01? 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 2023 and the years to come. 

Overview

Cryptocurrency	Anchor Protocol
Token	ANC
Price	$ 0.00709994 -0.32%
Market cap	$ 2,487,689.8832
Circulating Supply	350,381,852.3231
Trading Volume	$ 216,801.9804
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. 

ANC Price Prediction October 2023

Anchor Protocol continues to trade in a consolidated range between $0.00565 and $0.00610 for some time now. The price has failed multiple attempts to break out of the resistance level at $0.006519, indicating a bear power in the market.

The MACD displays frequent small price volatility in its chart, indicating a possibility of a massive price action in the coming time. Further, the chart displays a rising red histogram, suggesting the possibility of the coin to continue losing value in the coming days.

If the bulls manage to gain power and push the price above the resistance level, then the price will prepare itself to test the upper resistance level of $0.00700 soon.

On the flip side, if the bears continue to dominate the market then the price will break down from its support level of $0.005659, the coin will lose momentum and prepare itself to test its crucial support level of $0.005205 within this month.

Anchor Protocol Price Prediction 2023

The coin has been trading in a descending trend line since the start of February as the bulls have constantly failed to gain momentum resulting in the crypto losing its value. The ANC token can be seen trading in frequent consolidated ranges indicating a weak buying and selling power for the coin.

The MACD level displays constant flatlines since July indicating a very weak price volatility for Anchor Protocol and also indicating a uncertainty in the future price action.

If the protocol grows in prominence, amidst the possible rise of Defis, and employs developmental and community-building initiatives. The results would reflect on the user base of the network, this could help build up the volumes of ANC.

Further seeking impetus from notable adoptions and collaborations, the digital token could triumph the year with a new price tag.

The price of ANC might chug up to an annual high of $0.0106. However, depressing factors such as financial crisis or regulatory concerns might slash the price to $0.00610. Successively, the lack of impetus could close the year at $0.00835.

Anchor Protocol Price Prediction 2023 – 2030

Price Prediction	Potential Low ($)	Average Price ($)	Potential High ($)
2023	0.00610	0.00835	0.0106
2024	0.00980	0.0130	0.0162
2025	0.0146	0.0180	0.0214
2026	0.0198	0.0248	0.0299
2027	0.0263	0.0324	0.0385
2028	0.0314	0.0394	0.0475
2029	0.0373	0.0444	0.0516
2030	0.0438	0.0519	0.0600

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 $0.0162 On the other hand, a prolonged bearish rule and ebbing positivity might lead to the token’s tumble to $0.00980. That said, the regular price could land at $0.0130.

Anchor Protocol Price Prediction 2025

By the end of 2025, the network could find the developments such as staking derivatives, fintech integration, and fiat on-ramps. Materializing, could moonshot the price to $0.0214. 

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 $0.0146. Consequently, factoring in the bullish and bearish targets, the average price could be at $0.0180.

Anchor Protocol (ANC) Price Prediction 2026

According to our analysts, ANC coin price prediction for the year 2026 could range between $0.0198 to $0.0299 and the average price of Anchor Protocol could be around $0.0248.

ANC Crypto Price Prediction 2027

According to our analysts, Anchor Protocol price for the year 2027 could range between $0.0263 to $0.0385 and the average price of ANC could be around $0.0324.

Anchor Protocol Coin Price Prediction 2028

According to our analysts, ANC crypto prediction for the year 2028 could range between $0.0314 to $0.0475 and the average Anchor Protocol coin price could be around $0.0394.

ANC Price Prediction 2029

According to our analysts, Anchor Protocol’s forecast for the year 2029 could range between $0.0373 to $0.0516 and the average ANC coin price could be around $0.0444.

Anchor Protocol Price Prediction 2030

According to our analysts, ANC predictions for the year 2030 could range between $0.0438 to $0.0600 and the average Anchor Protocol price could be around $0.0519.

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 $0.0106 by the annual trade closure of 2023. However, a downswing could knock the price down to $0.00610.

What Does The Market Say?

Firm Name	2023	2024	2025
Wallet Investor	$0.0025	$0.0029	$0.0029
priceprediction.net	$0.034	$0.048	$0.072
DigitalCoinPrice	$0.048	$0.053	$0.079

*The aforementioned targets are the average targets set by the respective firms.

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. 

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.

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 take 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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