• On Monday, the price of mirror image and anchor agreement rose in a hyperbolic shape.

• These tokens are some of the largest participants in Terra.

With the sharp increase in the demand for cents login password, the price of MIR and ANC soared on Christmas Sunday. MIR jumped to a high of US $0.245, about 171% higher than the minimum level last week. At the same stage, Anchor rose by more than 50%.

Why are mirror and ps pen protocols popular?

The Mirroring and Anchoring Agreement is one of the largest participants in the Terra ecosystem. Anchor is a data encryption financial institution that offers depositors a deposit interest rate of up to 20%. At its peak, Anchor Protocol had more than $20 billion in assets.

On the other hand, the mirror agreement operates a platform that enables people to invest in token properties such as stock market, products, loan currency and index value. At that time, the idea was that everyone would use blockchain applications to invest in such assets.

According to the mirror agreement, you can also invest in this property within 24 hours and 7 days. As I wrote, it will also reduce the commercial and operating costs of the publicHere.

After significant improvement in recent years, in May 2022, the Terra and Terra USD ecosystems will plummet, and the mirror image and anchor agreement will collapse. This is a matter of special attention, because such a platform is strongly supported by UST stable currency.

The anchor and mirror agreement stopped working when Terra fell in May. Even so, his tokens were still traded again in the market, with a total market value of $12 million and $14 million, respectively.

This performance is probably due to the fact that some investors feel that Terra USD will also repair the hook in a few months. This is also highly unlikely, because the transaction price of stable currency is 0.021 dollars. In addition, his tokens represent the gap between the valuations of data encryption token companies. In the past few months, you have seen the rise of tokens of bankrupt companies such as FTX and Celsius Network.

Image Agreement Price Forecast

The four hour chart shows that with the arrival of Santa Claus, the price of MIR has soared. When they rose, he moved above the key resistance point of USD 0.1836, which is the highest point since November 18. It has surpassed every moving average system.

The relative strength index (RSI) and random fluctuation index have exceeded the overbought level. Therefore, I doubt that this kind of rebound is temporary, and the token will quickly repair the bullish development trend. If such a thing happens, the next key level to consider is undoubtedly 0.1373 US dollars. A resistance point above $0.2200 will invalidate the bullish view. The anchor MIR will also go backwards.

How to purchase an image agreement