Anyswap has been surging upwards since the middle of November. The cryptocurrency has been establishing record highs albeit with increased volatility. ANY token reached to a new all-time high during December at a price level of $25 with the current price trading close to the ATH – indicating the possibility of a new ATH. At the time of writing, the cryptocurrency stands at a price level of $23. The price has surged upwards by more than 20% during the past twenty-four hours while the daily trading volume has jumped up by 200%. Anyswap rebranded to Multichain and the rebranding is contributing to the current bullish performance of the token.
What is Anyswap?
One of the major issues of the blockchain space is the lack of interoperability; however, to tackle the problem a lot of tokens have jumped into the market including Anyswap. It is essentially a completely distributed protocol in decentralized finance which is designed to enable cross-chain swaps and trading. The cryptocurrency is a relatively recent launch, with the protocol entering the market in the middle of 2020 but it has garnered a lot of popularity in a short time. The protocol has become one of the most sought-after decentralized exchanges that provide cross-chain trading. It has integrated with a lot of big names in the crypto market and has given bigger projects the benefits of interoperability through deep liquidity.
Rebranding to Multichain
Anyswap network has announced the rebranding to multichain during the past week. The rebranding comes with a new vision and an expanded scope of the network. It was originally a cross-chain DEX but now the protocol will be focused on enabling interoperability through a variety of ways. Multichain will add to what ANY has achieved to date. The vision of Multichain is to provide top-notch cross-chain infrastructure to the cryptocurrency market. Multichain is a Cross-Chain Router Protocol (CCRP) that aims to become the ultimate router for the new Web 3.0.
What to expect?
Multichain benefits from advanced security, speed, and user experience. The protocol has put in place advanced technologies to ensure that none of the key features of the project are compromised. Hence, it is geared at becoming one of the best – if not the best – solutions for cross-chain interaction. The future outlook for the Anyswap – now Multichain – is favorable. According to the estimates of Wallet Investor, the cryptocurrency is expected to be operating at a price level of $52 in a year’s time while the five-year projection places it at $172.
