Anchor Protocol (ANC)

8.28 %

Market Cap

The total market value of a cryptocurrency's circulating supply. It is analogous to the free-float capitalization in the stock market.

Market Cap = Current Price x Circulating Supply.

24 Hour Trading Vol

A measure of how much of a cryptocurrency was traded in the last 24 hours.

60444722>
Fully Diluted Valuation

The market cap if the max supply was in circulation.

Fully-diluted market cap (FDMC) = price x max supply. If max supply is null, FDMC = price x total supply. if max supply and total supply are infinite or not available, fully-diluted market cap shows - -.

51686942>T
Circulating

The amount of coins that are circulating in the market and are in public hands. It is analogous to the flowing shares in the stock market.

350,389,360.00
Total Supply

The amount of coins that have been already created, minus any coins that have been burned. It is analogous to the outstanding shares in the stock market.

If this data has not been submitted by the project or verified by the CMC team, total supply shows - -.

1,000,000,000.00
Max Supply

The maximum amount of coins that will ever exist in the lifetime of the cryptocurrency. It is analogous to the fully diluted shares in the stock market.

If this data has not been submitted by the project or verified by the CMC team, max supply shows - -.

1,000,000,000.00
Low High
Contract
Website
Explorers
Social Media
Tags
Week Month Year All Time
High

Jan 09 2023

0.033237713706
55.50%

Jan 05 2023

0.037016428842
39.62%

Mar 06 2022

5.890336667159
-99.12%

Mar 19 2021

-99.37%
Low

Jan 09 2023

0.033237713706
55.50%

Jan 03 2023

0.031115911067
66.10%

Dec 25 2022

0.028185705259
83.37%

May 13 2022

108.51%

Market

Sr. Exchange Pair Price Spread Volume Volume% Confidence Last Traded Trust Score

Historical Data

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Coin
Anchor Protocol
Comments

Coin Info

Anchor Protocol is a way to lend and borrow money, and deposits of stablecoin can earn up to 19.5% interest. Lenders can put their UST into a bank account and earn good rates on their investments while also enjoying low volatility. Borrowers don't have to give up control of their LUNA collateral when they turn it into something useful.

Anchor Protocol can therefore bring in investors who don't like taking risks and are looking for high-yield, low-volatility investments, which will increase demand for UST. This makes it more likely that UST will be used as a stablecoin and that the Terra project will be used in DeFi. The price of LUNA will go up as more people use Terra, whose founders were behind the launch of Anchor Protocol.

Terraform Labs, a South Korean fintech company started by Daniel Shin and Do Kwon, created Anchor Protocol in March 2021. Terraform Labs is also behind the Terra layer-one blockchain, which has taken the DeFi space by storm and is expected to grow by 17,000% in 2021.

Before starting Terraform Labs, Mr. Kwon was the CEO of a startup called Anyfi, which made solutions for decentralised wireless mesh networking. He has also worked as a software engineer for both Microsoft and Apple in the past. Mr. Shin co-founded and ran Ticket Monster, a major South Korean e-commerce site. He also helped start Fast Track Asia, which is a place where entrepreneurs can get help building businesses.

To know more about the Anchor Protocol price prediction, install the top cryptocurrency app CoinGabbar today!

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