In terms of origin and effectiveness, AMP is renowned for operating on the Flexa Network and collateralizing payments as a digital token. Not due to a lack of recent participants during the Pandemic, but rather due to the fact that few have decided to operate from a separate network entirely. Why should I use AMP over Bitcoin and Ethereum?ĭeFi made a big contribution to the entire globe with the introduction of the digital coin, AMP, in the year 2020. AMP Crypto Price Prediction: Crypto Market Sentiment.If you would like to keep up to date with the latest news and insights from Business2Community, don’t forget to join our new Telegram Group. I would expect to see Amp token repossess its previous all time high by 2024-2025 with enough accumulation from whales and retail investors. With enough traction and exciting protocol upgrades I think Amp token will once again thrive in future crypto bull markets. The result of this is that both parties receive greater assurances. This means the vendor receives payment in fiat. The Amp collateral will be liquidated to cover any losses. For instance, with the use of Amp, networks such as Flexa can speedily and irreversibly secure many transactions for a wide variety of asset-related use cases.Ī good use case example for Amp is when Bitcoin or Ethereum payments fail due to unconfirmed or delayed transactions times. This offers instant and verifiable assurances for any kind of value transfer. What is AMP Token?Īmp token is best described as the all new digital collateral token. I am very keen to see how Amp token performs following the next Bitcoin halving event.
The current market capital is just $374 million which leaves room for a tremendous amount of growth.ĭuring the peak of the previous crypto bull run Amp token had achieved a market capital exceeding $4.5 billion. The previous $0.012 all-time high was through the peak of the bull market which was over extended during the extreme greed phase of a market cycle.Īccording to Coinmarketcap Amp token is rank #86 amongst all other cryptocurrency projects. We are no longer overvalued and euphoric which means the downside risk is minimized. AMP Token Video AnalysisĪmp token currently provides new holders with a much healthier entry price. This would highly depend on the trajectory of Bitcoin and whether the market can achieve a sustained relief rally.
With bullish continuation and a breakout confirmed with healthy volume Amp token should be able to reach the technical target of around $0.0097. Of course, we can still lose support back down to around $0.0086. If Amp token can hold this support level, we should potentially see another swing-high back to the resistance trendline of the descending channel. It seems we are now consolidating around the $0.0088 level at the support trendline. Since then, the price has increased over 11% and Amp token now trades in a descending channel pattern (typically bearish).ĪMP Token Price Chart – 4-hour Time Frameĭuring the last week, Amp token has been rejected multiple times at the resistance trendline. On the 18th June following Bitcoin crossing the 200-week moving average Amp token found support at $0.00789. However, it seems we are going to close this week back in the red. Last week, Amp token was able to put through a single green weekly doji candle. The charts also reflect Amp token has printed 12 consecutive red candles recently. AMP Token Price Prediction 2022Īmp token has been in a downtrend since June 2021. Cryptoassets are a highly volatile unregulated investment product.
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