The ANC price flipped the bearish trend from the last few days of March which was accelerated since the beginning of April. The price maintained a constant uptrend forming new resistance levels and at the same time faced a couple of rejections too. And hence if the upcoming weekly close is bullish then the price is expected to rise close to INR 300 by the end of April’s trade. Even if the bears attempt to restrict the price, the asset could face a pullback close to INR 280 to INR 285 levels.
The ANC price since the beginning displayed huge bullish momentum and rose high to hit the ATH at INR 491.90. However, ever since then the price maintained a significant descending trend which dragged the price to as low as INR 186 within a month. Currently, the asset is trying hard to validate a strong uptrend that could clear INR 300 initially and test the ATH in Q2 2022.
Further, if the bears jump in action, the price may strongly sustain above INR 400 and could continue to range high. After a successful breach through INR 500 levels, the asset may be self-assured on the next leg up that may uplift the price close to INR 700 or INR 750 by the end of the yearly trade.
|Date||All-Time High||All-Time Low||Market Capitalization|
|07 April 2022||INR 272||INR 235.07||INR 84.93 Cr|
|06 April 2022||INR 256.15||INR 209||INR 78.86 Cr|
|05 April 2022||INR 255||INR 206.40||INR 75.16 Cr|
|04 April 2022||INR 255.57||INR 205||INR 71.67 Cr|
|03 April 2022||INR 232||INR 205.05||INR 78.96 Cr|
|02 April 2022||INR 211||INR 198.01||INR 71.83 Cr|
|01 April 2022||INR 202.23||INR 191.01||INR 71.42 Cr|
Anchor Protocol and Mirror Protocol, both are popular DeFi based borrowing & lending protocols. While ANC price displayed an acute descending trend, MIR price managed to break out from the consolidation and jump high. Despite a pullback, MIR maintained a strong uptrend. And hence now when ANC price is below the average levels by 16.81%, MIR price has risen above by more than 37% at the press time.
Additional Read: What is Anchor Protocol?
Anchor Protocol since the beginning of March trade showcases an acute descending trend. The value in USDT bottomed hard and to the value in BTC. ANC/USDT & ANC/BTC both currently manifesting a similar trend with equal strength and pace. But the USDT pair remains higher slightly but still below the average value by 16.85% whereas the BTC pair is below the levels by 26.34%.
Anchor Protocol Proposes to End all the Further Air-Drops
The platform offers to transfer 78,000,000 ANC present in the Anchor Air-Drop contract to the community pool to avoid the adverse impact on the ANC price.
Anchor UST Hits a Milestone
Terra’s flagship DeFi product, Anchor Protocol which is responsible for nearly 50% of Terra’s TVL surpassed $12 billion in UST deposits by more than 226,000 Terra users.
Planning to buy an ANC token? CoinDCX offers you the best deal in the market! All you need to do is just register by downloading the CoinDCX App. Follow the instructions and enter the required details. Once your details are verified, fund your wallet and buy ANC.
Investing in any crypto has been made much easier and safer with CoinDCX’s Crypto Investment Plan (CIP). Here, you can invest in crypto assets in fixed weekly installments for a predetermined tenure. Therefore, start in Bitcoin & other cryptos with Crypto Investment Plan now!
Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. In case you have any queries, write to [email protected].
The above information represent the independent views of Primestack Pte. Ltd, Neblio Technologies Pvt. Ltd, and/or their affiliate entities and are for informational & educational purposes only. The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, virtual digital assets/ crypto products or securities, or to participate in any investment or trading strategy. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. The calculations, data, risk-return formulations, performance or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. Ltd/ Neblio Technologies Pvt. Ltd and/or their affiliate companies and/or any third party. Past performance is not indicative of any future results. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment.