Anchor Protocol (ANC) Trading 8.7% Lower Over Last 7 Days

Anchor Protocol (CURRENCY:ANC) traded 4% lower against the US dollar during the 24-hour period ending at 16:00 PM E.T. on January 14th. In the last week, Anchor Protocol has traded down 8.7% against the US dollar. One Anchor Protocol coin can now be bought for about $2.52 or 0.00005822 BTC on cryptocurrency exchanges. Anchor Protocol has a market cap of $517.95 million and approximately $10.62 million worth of Anchor Protocol was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed in the last day:

  • WINk (WIN) traded flat against the dollar and now trades at $0.0013 or 0.00000002 BTC.
  • Kleros (PNK) traded up 2.5% against the dollar and now trades at $0.13 or 0.00000295 BTC.
  • Validity (VAL) traded 1.3% higher against the dollar and now trades at $5.20 or 0.00012024 BTC.
  • Particl (PART) traded 1.9% lower against the dollar and now trades at $1.90 or 0.00004398 BTC.
  • Wagerr (WGR) traded down 0.5% against the dollar and now trades at $0.0506 or 0.00000117 BTC.
  • MAPS (MAPS) traded down 0.4% against the dollar and now trades at $0.23 or 0.00000537 BTC.
  • Global Coin Research (GCR) traded down 3.7% against the dollar and now trades at $2.27 or 0.00005265 BTC.
  • Razor Network (RAZOR) traded 1.6% higher against the dollar and now trades at $0.0408 or 0.00000094 BTC.
  • Dev Protocol (DEV) traded down 0.4% against the dollar and now trades at $1.64 or 0.00003799 BTC.
  • OtterClam (New) (CLAM) traded 0.8% lower against the dollar and now trades at $11.58 or 0.00026804 BTC.

Anchor Protocol Profile

Anchor Protocol (ANC) is a proof-of-work (PoW) coin that uses the PoS hashing algorithm. Anchor Protocol’s total supply is 1,000,000,000 coins and its circulating supply is 205,909,894 coins. Anchor Protocol’s official Twitter account is @anchor_protocol.

According to CryptoCompare, “The Anchor Token (ANC) is Anchor Protocol's governance token. ANC tokens can be deposited to create new governance polls, which can be voted on by users that have staked ANC. ANC is designed to capture a portion of Anchor's yield, allowing its value to scale linearly with Anchor's assets under management (AUM). Anchor distributes protocol fees to ANC stakers pro-rata to their stake, benefitting stakers as adoption of Anchor increases — stakers of ANC are incentivized to propose, discuss, and vote for proposals that further merit the protocol. ANC is also used as incentives to bootstrap borrow demand and initial deposit rate stability. The protocol distributes ANC tokens every block to stablecoin borrowers, proportional to the amount borrowed. “

Anchor Protocol Coin Trading

It is usually not presently possible to purchase alternative cryptocurrencies such as Anchor Protocol directly using US dollars. Investors seeking to trade Anchor Protocol should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Anchor Protocol using one of the aforementioned exchanges.

Receive News & Updates for Anchor Protocol Daily - Enter your email address below to receive a concise daily summary of the latest news and updates for Anchor Protocol and related cryptocurrencies with MarketBeat.com's FREE CryptoBeat newsletter.