Anchor Protocol Achieves Market Capitalization of $85.06 Million (ANC)

Anchor Protocol (ANC) traded 31.3% higher against the dollar during the one day period ending at 23:00 PM E.T. on May 27th. In the last seven days, Anchor Protocol has traded 193.3% higher against the dollar. Anchor Protocol has a market cap of $85.06 million and approximately $213.83 million worth of Anchor Protocol was traded on exchanges in the last 24 hours. One Anchor Protocol coin can now be purchased for about $0.24 or 0.00000848 BTC on exchanges.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

  • WINk (WIN) traded flat against the dollar and now trades at $0.0013 or 0.00000002 BTC.
  • CoinField Coin (CFC) traded down 0.4% against the dollar and now trades at $0.39 or 0.00001344 BTC.
  • holoride (RIDE) traded down 5.3% against the dollar and now trades at $0.35 or 0.00001215 BTC.
  • Volt Inu V2 (VOLT) traded 5.9% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Kleros (PNK) traded down 2.7% against the dollar and now trades at $0.0352 or 0.00000122 BTC.
  • MAPS (MAPS) traded 4% lower against the dollar and now trades at $0.39 or 0.00001353 BTC.
  • Global Coin Research (GCR) traded flat against the dollar and now trades at $2.22 or 0.00007442 BTC.
  • Validity (VAL) traded 8.4% higher against the dollar and now trades at $1.81 or 0.00006319 BTC.
  • Particl (PART) traded up 5.8% against the dollar and now trades at $0.55 or 0.00001931 BTC.
  • Wagerr (WGR) traded 1.4% lower against the dollar and now trades at $0.0140 or 0.00000049 BTC.

Anchor Protocol Coin Profile

Anchor Protocol 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 349,457,226 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 currently possible to buy alternative cryptocurrencies such as Anchor Protocol directly using US dollars. Investors seeking to acquire Anchor Protocol should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Anchor Protocol using one of the aforementioned exchanges.

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