Anchor Protocol

Anchor Protocol is a product of TerraForm Labs, a South Korean fintech company that also owns the Terra Luna and UST stable coin. Before the month of May, the three tokens were among the best performing in the cryptocurrency market. However, Terra Luna and UST almost caused the entire cryptocurrency market to crash. As a result, the two cryptos have also lost 99 percent of their value. However, the Anchor Protocol seems to have withstood the market pressure. Despite dropping by 83 percent in May and 93 percent since the year started, the Anchor protocol is still going strong and trading relatively better than the other two. Anchor Fundamental Analysis In an analysis curated by the verve, they analyzed the inner workings of the Anchor protocol. According to the research, the Anchor Protocol platform promises its investors a 19 percent annual return. To achieve this, investors are supposed to deposit Terra UST, which is a stable coin pegged to the dollar in a ratio of 1:1. The deposits from its clients are then loaned to other investors. These investors have to make their own collateral to ensure they are in good standing. The users who deposit are paid using the interests from the borrowers' interests and some of their yield. For Anchor to run properly, the deposits and interests are required to be terra. The report adds that the math involved in ensuring such high returns did not make. The report concludes by indicating that the Anchor Protocol may have been a contributing factor to the fall of UST and Terra Luna. Anchor Protocol Price Prediction In the technical aspect of the Anchor protocol price prediction, today's trading session is down by 5 percent. The bearish trend also looks aggressive and is likely to continue throughout the session. The past seven days have also been aggressively bearish and have seen Anchor Protocol price drop by 50 percent. Therefore, my Anchor protocol price prediction expects the prices to continue falling. The prices are likely to hit the $0.08 support level. It is also possible that we will see prices continue to set new price lows in the coming days. However, should the prices today close above the opening price of $0.27, then my analysis will be invalidated. It will also mean a possible bullish push. Anchor Daily Chart

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