{"id":26176,"date":"2022-05-06T08:47:36","date_gmt":"2022-05-06T12:47:36","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=26176"},"modified":"2022-05-06T08:47:44","modified_gmt":"2022-05-06T12:47:44","slug":"heres-why-anchor-protocol-is-rallying-over-13-amid-market-tumble","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/heres-why-anchor-protocol-is-rallying-over-13-amid-market-tumble\/","title":{"rendered":"Here’s Why Anchor Protocol Is Rallying Over 13% Amid Market Tumble"},"content":{"rendered":"\n
The Terra blockchain's<\/a> largest DeFi platform, Anchor Protocol (ANC), looks to be moving in opposition to the market tide. Its ANC token has increased by more than 13% despite market crash.<\/h5>\n\n\n\n
\"Here's
Anchor Protocol Rallies Over 13% Amid Market Tumble<\/strong><\/figcaption><\/figure><\/div>\n\n\n\n

The global cryptocurrency market has decreased by approximately 6.5% in the last 24 hours. The total market capitalization stands at $1.68 trillion. Bitcoin (BTC), the largest cryptocurrency, has lost almost 8% of its value since then.<\/p>\n\n\n\n

ANC TVL surges by 2% in past seven days<\/strong><\/h3>\n\n\n\n

The Anchor Protocol token has gained the most in the last 24 hours. At the time of writing, the ANC token was trading at an average price of $2.17. Meanwhile, the total locked value (TVL) of Anchor Protocol has climbed by 2% in the last 7 days. The 24-hour volume of ANC has increased by more than 300% to $208 million.<\/p>\n\n\n\n

ANC TVL\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> is valued at 16.97 billion dollars. However, Terra's UST stablecoin accounts for the majority of this value. Total deposits in the Anchor protocol surpassed the $14 billion mark for the first time. Anchor offers very low-risk rewards on UST token deposits.<\/p>\n\n\n\n

Anchor has the highest annual yield among any Defi platform at 18%. In times of market stress, this makes it particularly appealing for returns. Because ANC is Anchor's governance token, it benefits from any platform inflows.<\/p>\n\n\n\n

LFG gets $1.5 billion worth of Bitcoin<\/strong><\/h3>\n\n\n\n

Recently, the Luna Foundation Guard (LFG) has stated that they have gotten another $1.5 billion in Bitcoin to accomplish its mission. The LFG received $1 billion worth of BTC via an on-the-counter (OTC) swap for UST. This transaction was backed by Genesis, a digital currency prime broker. While Three Arrows Capital (3AC) assisted in the purchase of another $500 million worth of Bitcoin.<\/p>\n\n\n\n

For the time being, the LFG is concentrating on substantial Bitcoin accumulation. The organization's recent addition of 37,863 BTC represents its second $1 billion accumulation transaction. As a result, the foundation is now among the top 10 BTC holders in the world. The wallet address of Luna Foundation Guard shows that it presently has 42,530 Bitcoins.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Terra blockchain’s largest DeFi platform, Anchor Protocol (ANC), looks to be moving in opposition to the market tide. Its ANC token has increased by more than 13% despite market crash. The global cryptocurrency market has decreased by approximately 6.5% in the last 24 hours. The total market capitalization stands at $1.68 trillion. Bitcoin (BTC), […]<\/p>\n","protected":false},"author":32,"featured_media":26183,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21,81],"tags":[9584],"class_list":["post-26176","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-altcoin-news","tag-anchor-anc"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/anchor-protocol.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/26176","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=26176"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/26176\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/26183"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=26176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=26176"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=26176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}