{"id":8969,"date":"2022-03-03T15:44:43","date_gmt":"2022-03-03T15:44:43","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/terras-anchor-protocol-erases-crypto-winter-losses-anc-price-rebounds-300-in-a-month\/"},"modified":"2022-03-03T15:44:45","modified_gmt":"2022-03-03T15:44:45","slug":"terras-anchor-protocol-erases-crypto-winter-losses-anc-price-rebounds-300-in-a-month","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/terras-anchor-protocol-erases-crypto-winter-losses-anc-price-rebounds-300-in-a-month\/","title":{"rendered":"Terra’s Anchor Protocol erases ‘crypto winter’ losses, ANC price rebounds 300% in a month"},"content":{"rendered":"
Anchor Protocol (ANC), the decentralized finance (DeFi) platform built on the Terra blockchain protocol, rebounded nearly 300% in over a month after bottoming out near $1.26.<\/p>\n
ANC price went as high as $4.97 on the Bitfinex cryptocurrency exchange on March 3, 2022, breaking above the previous record peak near $4.50 established on Dec. 3 last year. <\/p>\n
In doing so, the Anchor Protocol also erased all the losses it had incurred during what some called the “crypto winter” that started in Q4\/2021 \u2014 against the prospects of the Federal Reserve’s aggressive rate hikes.<\/p>\n