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.
AMP Crypto’s price today is $0.013223 USD with a 24-hour trading volume of $21,460,758 USD. Amp is up 0.31% in the last 24 hours. The current CoinMarketCap ranking is #84, with a live market cap of $558,381,731 USD. It has a circulating supply of 42,227,702,186 AMP coins and a max. supply 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||$ 0.013266||$ 638.62 M||0.22%||48.01 B||$ 18.07 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
- Wallet Integrations (https://flexa.network/apps)
- Payment Provider Integrations (https://flexa.network/integrations)
- Currencies Supported (https://flexa.network/currencies)
- Chainlink (https://data.chain.link/amp-usd)
- DeFiPulse (https://defipulse.com/flexa)
- DeFiLama (https://defillama.com/protocol/flexa)
- CoinGecko (https://www.coingecko.com/en/coins/amp)
- CoinMarketCap (https://coinmarketcap.com/currencies/amp/)
- LiveCoinWatch (https://www.livecoinwatch.com/price/Amp-AMP)
- Trading View AMP/USD (https://www.tradingview.com/chart/a9md1XXE/)
- Stocktwits AMP.X (https://stocktwits.com/symbol/AMP.X)
- Coinbase Custody (https://custody.coinbase.com/assets)
- Gemini Custody (https://www.gemini.com/custody)
- Fireblocks (https://www.fireblocks.com/platforms/all-features-and-integrations/)
AMP Crypto Price History
AMP Crypto Technical Analysis
On 9th May 2022 amp decreased in value after being indecisive for several weeks. The 14 days RSI shows the drop sent AMP into oversold territory resulting in a price reversal. MACD shows decreasing momentum to the higher side resulting in slower price growth.
From this position, the Amp value will remain stable in the short term. The cryptocurrency market however remains highly volatile.
AMP Crypto Price Predictions 2022 – 2030
According to the amp forecast made by wallet investor ai, Amp is a bad investment to make this year. Amp price is predicted to fall by 90.997% by May 2023. A $100 investment made today will leave you with a loss of $91 in one year. AMP will have a mixed trend between 2025 and 2075 only registering slight price improvements in 2024 and 2026 mostly trading in bear markets. Return on investment in 2027 will be -96.48%. The price will be bearish this May reaching a minimum average price of $0.00784. According to their analysis AMP price might crash.
AMP price has been on a downward trend year to date. AMP forecast by trading beasts suggests the trend will continue downward reaching the lowest average price in December at $0.01644. Tables will turn in 2023 with Amp assuming an upward trend. The price will cross $0.2 in October and close at $0.215 in December 2023. Amp will go up in 2024 reaching a maximum price of $0.345. The growth rate will remain steady into 2025 when prices will trade between a maximum price of $0.03997 and a minimum price of $0.02383.
AMP forecast by Digitalcoinprice is bullish for the next nine years with the highest price registering at $0.0741 and the lowest price at $0.0161.They however acknowledge the prices could change any day due to market volatility. By combining 26 technical price indicators, Amp’s average price for 2023 will be $0.0189, Digitalcoinprice gives 85% confidence to sell AMP today. AMP coin price will reach $0.0256 in 2025 and $0.0599 in 2030. This will be about a 460% return from today’s price. AMP is a good investment to make long term but not so much for the short term.
AMP Crypto Price Prediction 2022
AMP price prediction for 2022 is $0.034. Investors have been recently opting out of cryptocurrencies due to the high risk involved. The move is fueled by the recent de-pegging of UST from the dollar. Price reversals from an already oversold should help Amp recover in the near future. Amp price is forecast to reach a maximum of $0.039.
AMP Crypto Price Prediction 2023
AMP price prediction for 2022 is $0.047. New developments in 2023 will maintain Amp coin growth. Eth migration to Eth2.0 in 2023 will reduce gas fees and settlement time for Amp collaterals. Amp price is forecast to grow about 50% from the previous year’s average price. Prices will range between $0.058 and $0.045.
AMP Crypto Price Prediction 2024
AMP price prediction for 2022 is $0.066. Amp price analysis continues to show bullish signals into 2024. Flexa will play an integral role as it continues to integrate new features and assets for collateralization, increasing its user base. Prices will trade between $0.0079 and $0.064.
AMP Crypto Price Prediction 2025
AMP price prediction for 2022 is $0.095. By 2025, cryptocurrencies will be more commonplace with more jurisdictions adopting stable coins and crypto as legal tender. This is already happening in countries like El Salvador and the Central African Republic. Amp will enable the collateralization of these transactions in a decentralized manner. Amp will trade between $0.11 and $0.092.
AMP Crypto Price Prediction 2026
AMP price prediction for 2022 is $0.15. In 2026 Amp is forecast to rise by over 900% from its current position. At this price, it will surpass its all-time high price of $0.1211 set on 16th July 2021. This will result in Amp setting an all-time high of $0.16. The minimum price for the period is $0.14.
AMP Crypto Price Prediction 2027
AMP price prediction for 2022 is $0.21. Amp will grow by 50%, with better performance in the first half of 2026 according to the forecast system. These future results will however change depending on the overall performance of the Flex foundation and future market volatility. Amp will set a high price of $0.25 and a low price of $0.20.
AMP Crypto Price Prediction 2028
AMP price prediction for 2022 is $0.29. Early entrants into the space are predicted to be the highest gainers due to their solid ecosystem and experience. Amp will likely be the digital collateral token of choice in the crypto world. In 2028, AMP will trade between $0.35 and a minimum price of $0.28.
AMP Crypto Price Prediction 2029
AMP price prediction for 2022 is $0.43. Amp will attract new institutional investors as more assets request collateral. This will reduce supply, increasing Amp’s value. In bullish markets, Amp will reach $049 and $0.41 in bear markets.
AMP Crypto Price Prediction 2030
AMP price prediction for 2022 is $0.60. While AMP will not have reached $1.0 by 2030, its past performance will have passed that of many cryptocurrencies since its market capitalization will have grown so much. It will trade between the range of $0.45 and $.71.
AMP Crypto Price Predictions by Industry Influencers
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.
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.
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.
FAQS about AMP
Should I buy Amp?
Yes. Amp is a good investment with good returns. Analysts are however divided about Amp’s performance this year.
Which wallet can I store Amp?
All Ethereum can be used to store Amp since it’s an ERC20 token.
Will the price of Amp reach $1?
According to Amp’s price analysis, its price will have not reached $1 by 2022.
What will be the value of Amp in 2030?
Amp will be worth $0.60 in 2030.