Anchor Protocol (ANC) Pops Today: Time To Invest?

Anchor Protocol is a savings protocol offering low volatility on Terra stablecoin deposits. Despite today’s coin fall by 0.8%, the crypto has been surging for the last week. Moreover, ANC has shown increased 24-hour trading volume which equals $10,956,407. Coin’s rank with a market cap of $344,755,534 is 207. Furthermore, the total supply of the coin is 1,000,000,000 with a circulating supply of 121,681,924.

Anchor Protocol represents itself as an open, savings protocol that doesn’t need any permissions, which means that any app can join and gain interest without restriction. Moreover, the protocol uses Anchor Earn, Anchor.js, or EthAnchor, which enables developers to cooperate with Anchor using only a few lines of code. Besides, the developers of Anchor Protocol prioritizes security and even reward hackers for finding bugs in their code. The developers believe that Anchor’s stable and reliable source of profitability could become the interest rate in cryptocurrency.

Michael Rowels

Weekend Contributor.Writing for business and finance publishers has become his passion over the last decades after he completed a master's degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.