Anchor Protocol Price Prediction as TVL Returns to $$ 20 Billion – BTC Ethereum Crypto Currency Blog

The price of Anchor Protocol is still under pressure even after its market activity has done relatively well. The ANC token is trading at US$ 1.7100, just above this month's low of US$ 1.5855. It remains around 72% below this year's highest level, bringing its total market value to over US$ 587 million.

TVL anchor is rising again

Anchor Protocol is a leading blockchain project that is in the decentralized finance (DeFi) sector. It is a loan and savings platform that is known for offering exciting rewards to its users.

According to its website, Anchor has a total blocked value (TVL) of over US$ 19.9 billion. Of these, total deposits are over US$ 14 billion and a total collateral of over US$ 5.9 billion. The coin has a total yield reserve of over 198 million UST.

The Anchor Protocol's performance has lagged in recent months as investors reacted to the introduction of the semi-dynamic win rate. This simply means that the coin earning rate will be adjusted every first day of the month.

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The integrated system updates the APY by + or minus 1.5%, with a ceiling of 20%. This system depends on the income reserve. For example, if the income reserve increases by 1.5%, the win rate will also increase by 1.5%.

On the other hand, if the reserve increases by 3%, the win rate will also increase by 1.5%. Many investors believed that this system was. On Sunday, the official Twitter account announced that the APY for this month's protocol is around 18%.

The Anchor Protocol is also falling as investors react to the latest Prop 25, which increased the oracle timeout from 60 to 90 seconds.

Anchor Protocol Price

The Anchor Protocol price has been in a strong downtrend for the past few months as concerns about returns remain. The currency moved slightly below the upper side of the descending channel. It also moved slightly below the 25-day and 50-day moving averages, while the Stochastic Oscillator moved slightly below the overbought level.

Therefore, the ANC token is likely to resume the downtrend as the bears target the lower side of the descending channel at US$ 1.45. A move above the resistance level at US$ 1.8 will invalidate the bearish view.