A week after it got listed in BitStamp, AMP crypto became available on Vauld, a sort of bank for cryptocurrencies, which offers AMP holders support for trading, lending, borrowing, and saving. What’s the investment potential of AMP crypto?
Knowledgeable people love staking AMP for the following reasons:
- You earn amp, which is taken from the supply, thereby increasing demand.
- You help the network and increase its statistical growth.
- Should there be a large surge in price, those few thousand AMP you earn will be worth a lot more.
- It’s better for your mental health to stake and forget until you see the magic price you want.
Today’s Amp price is $0.009123 USD with a 24-hour trading volume of $5,756,481. Amp has dropped 2.97 in the last 24 hours. CoinMarketCap’s current ranking is #79, with a market capitalization of $385,249,745. It has a circulating source of 42,227,702,186 AMP coins and a max. source of 92,547,638,199 AMP coins.
Let’s know more about AMP’s price history, growth potential, and price predictions before you decide on adding AMP to your portfolio.
What is AMP?
AMP can be described as a form of transaction insurance because if a transaction on the Flexa network fails due to lengthy transaction times, the AMP cryptocurrency steps in to offset those losses. The Flexa network includes various exchanges and financial institutions to provide complaint settlements across multiple jurisdictions. Flexa integrates natively with existing point of sale (POS) systems and online platforms to enable payment in a typical checkout experience.
In other AMP crypto news, users worldwide have staked $710m in AMP to back Flexa payments as of 10 March. It was $1.3bn on 6 January. AMP had received a 40% boost to its price on 23 November when leading exchange Binance announced it was making AMP available to its users.
AMP cryptocurrency is an Ethereum-based digital coin used as collateral to secure transactions and decentralize the risk of asset transfer in decentralized finance (DeFi). It is a new digital currency in the crypto market that provides an instant and versatile interface for verifiable collateralization via a system of collateral partitions and collateral managers. Third-party networks can instantly secure transactions for various assets using AMP crypto.
AMP collateral partitions are designed to collateralize accounts, transactions, applications, and carry balances that are directly verifiable on the blockchain of Ethereum. AMP collateral managers are smart contracts that could be locked, released, and redirected to support value transfer activities.
This new ability to use any asset immediately upon transfer is a feature any asset can benefit from, whether digital or physical, cryptocurrency or Central Bank Digital Currency (CBDC)
The creators of AMP coin aim to remove the likelihood of fraud and reduce the cost of counterparties transactions. AMP users can stake AMP tokens to guarantee financial exchange such as digital payments, currency exchange, loan payments, and property sales regardless of the consensus mechanism.
The startup gradually leverages its wallet service while providing more centralized software solutions for merchant partners, co-founder Tyler Spalding said. Amp already works with companies that use its services, among which are Flexa, CoinGekco, Gemini, Sushi, Uniswap, and many others.
Furthermore, AMP token supports a vast range of use cases for collateral. Also, it introduces the concept of predefined partition strategies, which could enable unique capabilities like collateral models for staking without ever leaving their original address.
AMP Crypto Overview
|Coin||Symbol||Price||Marketcap||Change||Last 24h||Supply||Volume (24h)|
||AMP||$ 0.009152||$ 439.11 M||2.39%||48.01 B||$ 4.55 M|
AMP Crypto real-world use cases
Collateral for payment networks
Flexa enables instant, fraud-free payments to merchants across its digital payment network. Apps that integrate Flexa stake Amp ensure all payments can be settled in real-time regardless of the asset or protocol used. Visit the Staking Guide for details on using Amp to global power payments.
Collateral for individuals
Users can assign AMP to a collateral manager and transfer another asset without requiring excessive transaction fees. The exchange counterparty can allow the underlying asset to be used immediately as AMP is sufficiently escrowed against the value of the transaction.
Collateral for DeFi platforms
Amp Price HistoryDeFi platforms are adding Amp to their products. This has further diversified AMP’s current and future uses and effectively increased its collateral quality. Explore the multitude of DeFi platforms already using Amp.
What to do with AMP
- Stake AMP and earn more AMP (No lock on tokens or staking rewards):
- Flexa Capacity
Yield Farming AMP
Borrow AMP and Lend AMP
Become an AMP Liquidity Provider (LP) and earn trading fee rewards
AMP DeFi Integrations
AMP Crypto Price History
AMP Technical Analysis
AMP has been on a falling trend this year and only consolidated in April. AMP moved into oversold territory in May and June. This came after negative news from Luna and Celcius respectively. The William Alligator indicates a continuing downtrend. The MACD chart indicates low price momentum on the downside.
AMP Price Predictions by Authority Sites
Wallet Investor used artificial intelligence (AI) and machine learning on historical data to give the AMP forecast. The AI rates the AMP tokens’ performance ‘D-’. It also adds that AMP would make a ‘bad’ one-year investment. AMP will trade at $0.00194 in one year. AMP will be on a downward trend in the coming two weeks. It will fall from its current price to $ at the end of the period.$0.00747. AMP return on investment (ROI) in 2023 will be -79.0693%. The ROI in 2024 will be -93.247%, 2025 will be -83.624%, 2026 will be 82.881% and 2027 will be 86.767%.
Trading Beasts applied regressions on AMP past performance data to give AMP forecast. AMP coin price in July will be $0.01147799. AMP coin will have little price action in the second half of 2022. It will sell at $0.0135187 in December. AMP coins will start recovering their losses in 2023. AMP will have a strong positive trend from 2023 to 2025. The coins will sell at $0.0130467 in January and $0.0168258 in December. In 2024 AMP coins will trade at $0.0173495 in January and $0.0216649 in December. In 2025 AMP coins will trade at $0.0219833 in January and $0.0249214 in December.
Digital coin price
AMP has been on a downward trend in the first half of 2022. Amp decreased value from $0.0196 in May to $0.0916 in June. The price will rise to $0.013 in July. It will then trade sideways for the rest of the year. AMP price will rise for the period 2023 to 2031. In 2023, AMP cryptocurrency will trade at an average price of $0.0131. In 2025 AMP will trade at an average price of $0.0178. It will reach a maximum price of $0.0195 and a minimum price of $0.0156. In 2030 AMP will trade at an average price of $0.0416. It will reach a maximum price of $0.0429 and a minimum price of $0.0405.
AMP Crypto Price Prediction 2022
AMP crypto price prediction for 2022 is $0.014. There has been high volatility in the crypto market. Celsius digital collateral token has been having trouble following the recent drop in the crypto market. This has also affected Blockfi and Coinbase. AMP is yet to offer a statement on the same.
AMP Crypto Price Prediction 2023
AMP crypto price prediction for 2023 is $0.02. AMP runs on Ethereum. In 2023, Ethereum will transition to Eth2.0. This is a welcome change in the AMP ecosystem. Eth 2.0 is expected to offer fast transactions and will be environmentally friendly. It will also reduce the number of ETH tokens released into circulation. This will increase the value of the entire ecosystem. AMP will trade between $0.024 and $0.02.
AMP Crypto Price Prediction 2024
AMP crypto price prediction for 2024 is $0.03. Flexa pay is part of the AMP family. Flexa pay will scale its digital payments soon. It will increase the user base of the entire ecosystem. Flexa’s fast growth will help AMP achieve its long-term price targets. AMP cryptocurrency will trade between $0.034 and $0.029 in the crypto market.
AMP Crypto Price Prediction 2025
Amp coin price prediction for 2025 is $0.044. Crypto regulation will affect the value of the AMP digital coin. Crypto enthusiasts are positive that crypto acceptance will increase in the future. Crypto is already legal tender in El Salvador and the Central African Republic. AMP cryptocurrency will trade between $0.051 and $0.042 in the crypto market.
AMP Crypto Price Prediction 2026
AMP Coin price prediction for 2026 is $0.064. AMP collateral models will continue to evolve. AMP will probably offer collateral for Non-fungible tokens, physical assets and multiple cryptocurrencies. This will increase the number of AMP users increasing the value of the token. AMP will trade between $0.073 and $0.061 for the year.
AMP Crypto Price Prediction 2027
AMP price prediction for 2027 is $0.09. The continuous growth of AMP will depend on the overall health of the Flexa ecosystem. Negative news and market crashes will derail AMP. AMP will likely become the digital collateral token of choice. Amp will trade between a high price of $0.11 and a low price of $0.087.
AMP Price Prediction 2028
AMP price prediction for 2028 is $0.13. AMP set its all-time high price on 16 July 2021 at $0.122. AMP will have risen over 10 times from its current price. AMP will set a new high at $0.15. It will reach a minimum price level of $0.12 during the period.
AMP Price Prediction 2029
AMP price prediction for 2029 is $0.19. In 2029, AMP will have attained over 10 years of experience in the crypto world. Mistakes made along the way will help define a robust protocol. AMP will be the go-to option for value transfer activities and transaction insurance. AMP will have more funding from financial institutions. The coin will trade between $0.12 and $0.15.
AMP Price Prediction 2030
AMP price prediction for 2030 is $0.28. By 2030, AMP will still be a long way from achieving its $1 target. Its market cap will more than double. AMP will however still be a high-risk token. Users might be required to overcollateralize the value transfer due to the high volatility of the crypto market. AMP will trade between $0.32 and $0.28.
AMP Price Prediction 2031
AMP price prediction for 2031 is $0.4. As we close the decade, AMP will have had numerous changes and advancements. AMP may create its blockchain. This would enable the team to create smart contracts on AMP and with this innovation, AMP will trade between $0.47 and $0.39.
AMP Price Predictions by Industry Influencers
AJ Wave youtube channel goes through AMP technical analysis.
Flexa’s move in the payments industry will increase the value of Amp. The service launched in late April.
Amp’s performance year to date has been on the decline. Its value will rise in the second half of 2022 and will assume a bullish position from 2023, a sentiment that has been shared by many price analysts. The Flexa app has been at the forefront of developments and this will see value flow into Amp collateral token.
Flexa is bringing more utility into AMP. Flexa now supports over 99 cryptocurrencies. AMP acts as the collateral token. This feature will help maintain the utility of AMP in the future.
AMP has lost over 80% of its value this year. The price prediction indicates the coin will trade sideways for the rest of the year. AMP will begin recovering losses in 2023. The next bull run will be highly profitable for investors.
Grayscale is one of the largest asset managers in the world. Amp joined Grayscale in January 2022, Coinbase Defi index shows Amp’s position in the industry has been growing since. This shows increased institutional interest in the Amp ecosystem.
Amp is a profitable investment to make for the long term. You should however conduct your own due diligence and technical analysis before purchasing Amp on the crypto market.