Anchor Protocol Price Prediction – Will ANC Price Hit $10 in 2022?

This Anchor Protocol (ANC) price prediction 2022 article is based on technical analysis. Below, you will see the key confluences why we arrived at our Anchor Protocol (ANC) price analysis and prediction.

The cryptocurrency market is growing steadily and gaining momentum with the total market capitalization of all cryptocurrencies tending towards $1.255 trillion according to CoinMarketCap. The ANC price has increased by over 101% in the past 14 days, which is equivalent to $1.01 for each $1 investment.

In this Anchor Protocol (ANC) price prediction and price analysis, we take a look at the performance of ANC and if it will reach $10 by the end of 2022. But before that, let us look at is Anchor Protocol (ANC)?

What is Anchor Protocol (ANC)?

Anchor Protocol (ANC) is a lending and borrowing protocol on the Terra blockchain and the 29th project on Binance Launchpool. It uses an over-collateralized architecture to allow users to lend, borrow and earn interest with their digital assets.

Anchor is a savings protocol on the Terra blockchain that enables fast withdrawals and pays depositors a low-volatility interest rate, which is amongst the highest among stablecoins at ~19.5%. Anchor makes deposits available to borrowers who pledge liquid-staked PoS assets, bLUNA and bETH, as security.

How Does Anchor Protocol (ANC) Work?

Three main mechanisms run the Anchor Protocol (ANC). bAsset, money market, and loan liquidation.

The bAsset (bonded asset), a tokenized stake on a PoS blockchain is one of Anchor’s key primitives. A bAsset token symbolizes ownership of a staked Proof-of-Stake (PoS) asset.

A bAsset, like the underlying staked asset, gives block rewards to the holder. A bAsset, unlike a staked asset, is both transportable and fungible. As a result, users may transact with bAssets in the same way they do with the underlying PoS asset. In conclusion, a bAsset lets its owner collect block rewards while retaining the liquidity and fungibility that staked assets lack.

bAssets can be produced on any PoS blockchain that supports smart contracts, making them widely applicable. bAssets are a vital component of Anchor, and they hold great importance in providing a constant interest rate to Terra deposits.

Current Market Status for Anchor Protocol (ANC)

At the time of writing, the price of Anchor Protocol (ANC) is $0.207 with a 24-hour trading volume of $141,815,012 and an increase in the price of 1.26%.

The present circulating supply of ANC is 350,381,852.32ANC. Some of the major exchanges for ANC are Binance, Coinone, Kucoin, Gate.io, LBank, Mexc, and others.

Now that we have seen the present status of ANC in the market, let’s look at the Anchor Protocol (ANC) price prediction and price analysis.

Anchor Protocol (ANC) Price Analysis 2022

Anchor Protocol (ANC) is in the 338^th position in the market capitalization of cryptocurrencies according to CoinMarketCap. It has increased by 101.4% in the past 14 days.

But will the recent changes and development in the blockchain help the digital currency price to reach higher? Let’s proceed to the charts in this ANC price prediction article.

Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for ANC/USDT, we can deduce that the price of Anchor Protocol might get bullish in some days since the price is within the first half of the channel from the bottom when we consider the recent gains. However, in the long-term, the price might get bullish since top cryptocurrencies like Bitcoin and Ethereum are already getting bearish from the recent bullish run.

The Relative Strength Index (RSI) measures the relative momentum in the magnitude of recent price changes so as to deduce oversold or overbought assets. The RSI value of the 1Day chart is 35.64.  This shows that ANC is showing a weak trend since its RSI lies between 30 and 50. This value can trigger a bullish or bearish run if investors reposition themselves either towards the buyers or sellers.

From the chart above, the 100-MA is above the 50-MA which means that long-term investors would gain. However, since the gap between the two moving averages is wide and both moving averages are within the recently formed candlesticks, the price of the ANC might maintain the present bullish run for some days.

Anchor Protocol (ANC) Price Prediction 2022

The chart below shows that ANC has performed great over the past few days. If this trend continues, Anchor Protocol might run along with the bulls, overtaking its $0.714 resistance1 level and climb higher to $6.167 resistance5 level, the 2022 bullish signal.

Conversely, if the investors turn against the crypto, the bears might take over and dethrone ANC from its recent gains. In simpler terms, the price of ANC might plummet to almost $0.011, a bearish signal.

Meanwhile, our long-term ANC price prediction 2022 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $8.31 according to CoinMarketCap this year. However, that will only happen if it breaks many previous psychological resistances.

If this bullish trend continues, ANC will reach $6.167 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $0.714. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $10 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Anchor Protocol (ANC) Price Prediction 2023

If Anchor Protocol (ANC) holds the support level around 100-MA, the long-term moving average of 100 days firmly, buyers will then have ample time and stability to forge the next attack mission on the vital level at $20.

Anchor Protocol (ANC) Price Prediction 2024

As per the latest upgrades, developments, Anchor Protocol (ANC) price prediction, and new project forecasts of the platform, Anchor Protocol investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of ANC in the crypto market, and it will be the best investment as the price can spike and reach around $30.

Anchor Protocol (ANC) Price Prediction 2025

In the next four years, ANC prices could race up to $50. However, reaching this level could not be so difficult for ANC as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that ANC has a high possibility of reaching a new ATH soon in the next four years as per the prediction.

Anchor Protocol (ANC) Price Prediction 2026

In the next five years, ANC prices could race up to $100. However, reaching this level could not be so difficult for ANC as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that ANC has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Anchor Protocol (ANC) Price Prediction 2027

As per the latest upgrades, developments, Anchor Protocol (ANC) price prediction, and new project forecasts of the platform, Anchor Protocol investors could expect many partnerships and integrations around 2027. Moreover, this might boost the price of ANC in the crypto market, and it will be the best investment as the price can spike and reach around $200.

Anchor Protocol (ANC) Price Prediction 2028

In the next seven years, ANC prices could race up to $400. However, reaching this level could not be so difficult for ANC as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that ANC has a high possibility of reaching a new ATH soon in the next seven years as per the prediction.

Anchor Protocol (ANC) Price Prediction 2029

In the next eight years, ANC prices could race up to $600. However, reaching this level could not be so difficult for ANC as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that ANC has a high possibility of reaching a new ATH soon in the next eight years as per the prediction.

Anchor Protocol (ANC) Price Prediction 2030

As per the latest upgrades, developments, Anchor Protocol (ANC) price prediction, and new project forecasts of the platform, Anchor Protocol investors could expect many partnerships and integrations around 2030. Moreover, this might boost the price of ANC in the crypto market, and it will be the best investment as the price can spike and reach around $1000.

Conclusion

Anchor Protocol (ANC) has a bright future ahead of it from 2022 to 2030. With ongoing developments happening within the ANC ecosystem, as well as in the overall crypto market, we may see ANC reach new heights.

Meanwhile, our long-term ANC price prediction 2022 is bullish. In addition, it has a high possibility of surpassing over $6.167 and may reach above $10 this year. However, that will only happen if it breaks past many psychological resistances.

As said above, ANC may even reach $10 if investors have decided that ANC is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.