Anyswap (ANY) price prediction: Will the coin hold its momentum?
Backed by Fusion’s Decentralized Control Rights Management (DRCM) technology, Anyswap (ANY) manages the flow of tokens between blockchains. Anyswap allows different and diverse blockchains to communicate with each other, while understanding the unique community and development ecosystem of each.
Since its launch in July 2020, Anyswap has jumped nearly 1,718%. But will the cross-token swaps and trading platform continue to grow? Let’s look at Anyswap price prediction for 2022 and beyond.
What is Anyswap coin?
Anyswap is based on a distributed protocol. Its network depends on the decentralised finance (DeFi) space to facilitate cross-token swaps and trading. Gaining strength from ECDSA Signature Support, ANY has a majority of cryptocurrencies (95%) incorporating its model.
Anyswap is based on Fusion DCRM technology. It has an automated pricing and liquidity system. Fusion powers Anyswap, which enables ANY to use a process known as private key sharding.
The Fusion network splits a private key into several bits managed by various network nodes. During transfer or trading, the fragmented parts of the private key are not combined, boosting security. Additionally, smart contracts on ANY are open source, which increases security.
Multichain provides interconnect infrastructure for 25 mainstream public blockchains. The list includes crypto giants like Ethereum, Fantom, Binance Smart Chain, Avalanche, Moonriver, Arbitrum, Polygon and Harmony.
The Anyswap token price currently stands at $22.70 (11 February 2022), with a market cap of $433.38m. There are 18.63 billion ANY in circulation. Anyswap is traded on Binance, Bitget, Mandala Exchange, Gate.io and Crypto.com.
Anyswap news
On 16 December 2021, Anyswap reported that it;s set to rebrand itself as Multichain. Multichain aims to provide users with better cross-chain services, through a Cross-Chain Router Protocol (CRP), “an infrastructure developed for the seamless flow of on-chain assets’ interoperability. It aims to become the ultimate router of Web3.”
MULTI tokens will replace ANY and become the governance token, which gives holders the right to vote and participate in the community and ecosystem. At present, the total supply of MULTI will be 100 million, the same as ANY. The fixed exchange rate for ANY: MULTI is 1:1.
The rebranding campaign was joined by Fantom, a fast, scalable, and secure layer-1 Ethereum Virtual Machine (EVM)-compatible platform, which allowed every participant to win a $100 bonus.
Last December, Anyswap/Multichain raised a $60m financing round led by Binance Labs. The financing round at a $1.2bn valuation was joined by Sequoia China, IDG Capital, DeFiance Capital, Three Arrows Capital, Hypersphere Ventures, Circle Ventures, Primitive Ventures, Magic Ventures, Tron Foundation and HashKey.
ANY price analysis
Investments, partnerships, collaboration and integrations continue to boost Anyswap’s price. The $60m financing round led by Binance Labs brought in additional support through Binance Smart Chain. The partnership brings a better range of cross-chained products and incorporates interoperability, giving the flexibility of transferring digital assets seamlessly.
Aurora, an EVM built on the NEAR Protocol designed to deliver turnkey solutions, partnered with ANY last December. The deal enables Multichain to use Aurora’s EVM. Its Ethereum native applications can seamlessly be ported to Near’s L2-like network.
Since the beginning of this year, ANY has integrated with Syscoin and Moonbeam to open up more trading opportunities for crypto traders. In December 2021, Huobi ECO Chain integrated into AnySwap, allowing ANY farming by LP-tokens.
Before diving into an Anyswap price prediction, we need to analyse its past performance. Anyswap hit $34.24 on 14 January 2022 – more than 27,600% higher than its all-time low of $0.08365, of 23 January 2021. ANY has an ROI of 1,499.88%. Its current Market Rank is #224, according to CoinMarketCap.
Anyswap price forecast: what are experts saying?
Based on short-term technical analysis by Coin Codex, indicators were equally bullish and bearish at the time of writing (11 February). CoinCodex's ANY price prediction expected the coin to reach $22.23 by 16 February.
Technical indicators like the relative strength index (RSI) and moving average convergence divergence (MACD) remain neutral, while the average directional index (ADX) signals a ‘sell’. The daily simple (SMA) and exponential moving averages (EMA) are mixed. The SMA and EMA for 3, 5 and 10 weeks recommend selling, whereas 21, 20, 100 and 200 points at ‘buy’.
CoinCodex also provided an ANY/USD forecast based on growth trajectory. Based on the internet’s year-over-year growth, the ANY target price was set at $29.43.
Looking at some algorithm-based long-term Anyswap crypto price predictions, Price Prediction's ANY prediction suggested the prices for 2022, 2023, 2024 and 2025 could rise to $34.41, $51.47, $76.23 and $117.39, respectively. By 2030, the coin could touch $805.75.
Anyswap prediction from Digital Coin Price estimated ANY that could reach $129.13 by 2031. At the time of writing, the coin was holding a ‘buy’ ranking, according to 11 analysts’ estimates.
ANY crypto price prediction from Gov Capital expected Anyswap’s token could hit $62.676 by the end of 2022. For the next consecutive years to 2026, the coin could reach $126.67, $214.84, $329.728 and $470.847, respectively.
The short-term Anyswap coin price prediction from Wallet Investor saw Anyswap falling in the next seven days to $20.737 on 25 February. However, prices could reach $64.323 in one year. The service calculated a long-term (one year) earning potential of 181.62%. Wallet Investor did not give any ANY coin price prediction for 2030 but suggested that the price could hit $224.213 in 2027. Year-on-year growth from 2022 to 2025 is $60.037, $99.921, $140.075 and $180.166, respectively.
While looking at crypto price predictions, investors should remember that the market is very volatile. Predictions can be wrong. Prices are influenced by many variables, including market sentiment, policy changes and maco-economnic conditions. Investors should also consider the token’s collaborations, partnership deals and fundamentals.
You should do your own research. Any decision to trade in cryptocurrencies should be informed by your attitude to risk and how comfortable you are about losing money. You should never invest money that you cannot afford to lose.
FAQs
Is Anyswap coin a good investment?
According to Wallet Investor, it has an earning potential of 181.62% in one year.
However, analysts’ forecasts should not be a substitute for your own research. Cryptocurrencies are highly volatile. Whether or not they are a good investment for you will depend on many factors, including your attitude towards risk.
How high can Anyswap go?
By 2030, Anyswap could touch $805.75, according to Price Prediction’s forecast. Wallet Investor does not give any prediction for 2030, but estimates prices to hit $224.213 in 2027. Always remember these predictions are based on algorithms that consider past performance to map future trajectory. They can be wrong.
Can ANY coin hit $100?
According to predictions from Gov.Capital, ANY could hit $100 by 2023. Price Prediction and Wallet Investor estimate that the coin could hit $100 after 2023. Analysts’ forecasts can be wrong and have been inaccurate in the past.
Is Anyswap safe?
Anyswap is backed by Fusion’s DRCM technology that manages the flow of tokens between blockchains. Its ecosystem helps in the split up of private keys that increases security using individual audits.
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