Anchor Protocol (ANC) is recovering despite a broader market slump

Anchor Protocol (ANC) – Can it go on like this?

The recent 13% 24-hour surge comes as a welcome surprise to ANC investors. Outperforming the broader market is always a good sign. However, this trend is unlikely to last for long. Indeed, unless there is an improvement in sentiment across the market, we expect the gains to be relatively short-term.

Therefore, expect ANC to report gains over the next two or three days before finally pulling back and following the broader trend in the crypto industry. However, Anchor Protocol should be on your radar.

A jump in the TVL is not something to be taken lightly now. Since the beginning of the year, DeFi protocols have seen a sharp drop in total locked value across the board. The fact that Anchor currently has nearly $17 billion in TVL left is a big plus.

Is ANC a good future investment?

Anchor Protocol is the largest DeFi protocol on the Terra Network. It also has one of the largest TVLs. The DeFi protocol also continues to offer low-risk returns on UST deposits, with annual returns of up to 18%. With these foundations, the project should continue to grow very steadily in the future. It is therefore a worthwhile investment in DeFi.

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