The AMP coin, previously known as Flexacoin, is unusual in several ways. It is created to decentralize risk in a payment transaction by dramatically lessening the assurance cost from existing counterparty networks and incorporating a novel partition interface to facilitate the interoperability of staking contracts for any surety mechanism.
What Is The Amp Crypto Coin?
AMP is ERC20-compatible and serves as the exclusive collateral token of the Flexa network, a merchant network that allows low-cost digital payments in a fraud-proof manner.
Payments are assured in real-time using AMP as collateral, which decentralizes risk, while proceeds from merchant fees are used to autonomously open-market purchase AMP tokens. The tokens feature on-chain collateral managers, otherwise identified as smart contracts, which lock and release AMP as collateral for transactions made with other cryptocurrencies.
AMP Current Market Value:
Amp price trends at $0.059207 with a 24-hour trading volume of $47,496,116. Amp is down 1.58% in the last 24 hours. The current CoinMarketCap ranking is #68, with a live market cap of $2,500,165,875 USD. It has a circulating supply of 42,227,702,186 AMP coins and a max. supply of 92,547,638,199 AMP coins.
AMP Token: Technical Analysis
Since its launch, AMP price has had a historic excursion, which could be the main cause for its fame. The current price of AMP stands at $0.05920.
Based on historical data, the coin has begun its journey at $0.0095, and it sustained this price level till February 2021. Later, it recorded a sudden spike and crossed $0.039. After that, it continued to trade moderately till June. On June 16, AMP recorded an all-time high of $0.1211; however, after that, the coin marked a sharp drop and retested to $0.039. Currently, in July, the token marked considerable recovery and continues to trade around $0.073.
Amp Price Prediction 2021
If the market becomes favorable, AMP price is set to break all barriers and perform exuberantly, scaling the peak shortly as per our forecast. Transgressing all limitations over the next year; the AMP token would indeed show signs of fortune. Users can do their research and include AMP in their portfolio and other crypto coins to make money significantly soon. Backed by robust smart contracts, the AMP price may easily touch $0.110 by the end of the year 2021.
Amp Price Prediction 2022
There is no sure-shot cryptocurrency forecast for any existing crypto coins, nor for AMP forecast. Considering the historical data and cryptocurrency markets, AMP is set to affirm its strong position as a major attraction among its users, partners, and traders’ community. AMP may sustain a positive outlook as long as the price trades with bullish momentum. The road ahead is full of petals provided the investment or confidence keeps booming, resulting in a significant push to the price, taking it to cross all barriers scaling $0.135.
Amp Price Prediction 2023
AMP has built a fast, safe ecosystem and works with the user experience of the product. These features can help the AMP coin gain a much higher price of $0.164 per coin. If the drive for functional crypto continues into 2023, the AMP price may even see a paradigm rush. And hence, it will be profitable to invest in AMP at the current price level to earn considerable profit in the future.
Amp Price Prediction 2024
Quite a few thoughts are going forward for AMP. Especially keeping in perspective the technical advancements and booming sectors of progress the corporate has designed on, there is a forecast that the AMP price may reach $0.190. The favor has been done by majorly security and scalability features. The exciting promotional ventures may do the rest, making the users harvest the gains.
Amp Price Prediction 2025
The masterminds carve the functionality behind AMP. Over the next five years, the token is set to pick up the pace with other cryptocurrencies to arrive at $0.25. A jaw-dropping optimism is predicted for AMP mainly due to its consistent performance over the years. Hence, traders should refer to our AMP forecast before investing.
Amp Price Predictions Ahead 2025
Cryptocurrency experts always plan for the long term rather than the short term investment. With a bit of patience and keeping the hopes high in a long time, investors can expect a turnaround by the end of 2026 as the adoption of AMP would grow exponentially, by when AMP would be no more a naïve entrant in the world of cryptocurrencies. Still, a seasoned player is turning $0.32. Thus, it is advisable to buy AMP at the current price level to earn more profit.
Is The Amp Coin A Good Investment?
Whether AMP is a good investment for you depends on your circumstances and risk appetite. Cryptocurrencies are high-risk, highly volatile assets. You should do your research and assess the level of risk you are prepared to accept before investing. And never invest money you cannot afford to lose.