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AMP price prediction 2024-2030: Is AMP a good investment?

Key takeaways

  • AMP price predictions hint at a maximum price of $0.01 by the end of 2024 while maintaining an average price of $0.0088.
  • In 2027, the price of AMP will range between $0.0129 and $2.28, with an average price of $0.0144.
  • In 2030, AMP will range between $0.0877 and $15.43, with an average price of $0.1066.

Amp (AMP) is a decentralized collateral token facilitating fast and secure payment transactions on the Flexa network. Amp’s purpose is to enhance the adaptability of cryptocurrencies for day-to-day payments by addressing the issues of potential fraud and slow-speed transactions of typical cryptocurrencies. Amp also helps users stake tokens without physically transferring them to a smart contract. This function makes Amp suitable for any form of value exchange, including digital payments, traditional currency exchange, loan distributions, real estate transactions, and more. 

Will AMP reach new heights with more adoption as the number of users increases on the network? Let’s get into the Amp technical analysis and predictions.

Overview

CryptocurrencyAmp
TokenAMP
Price $0.00477
Market Cap$199,366,895
Trading Volume$22,282,209
Circulating Supply42,227,702,186 
All-time High$0.1211 June 16, 2021
All-time Low$0.0007946 Nov 18, 2020
24 High$0.005109
24 Low$0.004586

AMP price prediction: Technical analysis

MetricValue
Volatility6.53%
50-Day SMA$0.00705
100-Day SMA$0.00803
SentimentBearish
Fear & Greed74 (Greed)
Green Days12/30 (40%)

AMP price analysis: Cryptocurrency devalues to $0.00477 amidst decline

TL; DR Breakdown

  • AMP price analysis confirms a downtrend.
  • Coin value has dropped down to $0.00477.
  • Support is being provided at $0.00422 end.

The daily and hourly AMP price analysis for 24 June 2024 indicates signs of a growing bearish trend. The bulls remained on the leading end in the earlier part of this week, but currently the bears are dominating. In the past 24-hours, the cryptocurrency has devalued to $0.00477 low. The selling momentum remained on the intense side today, and further loss can be expected pertaining to bearish progression. 

AMP price analysis 1-day chart: Downturn results in loss below $0.00477 low

The daily AMP price analysis projects a bearish prediction for the market trends today. The bulls remained on the leading edge in the past few days, but currently the bears are on the winning side. The overall value of the cryptocurrency has dropped down to $0.00477 low considering the reviving selling pressure. Moreover, the Moving Average (MA) indicator confirms the continual bearish turmoil since the past few weeks. Its overall value has plunged to $0.00493 extreme with a steep bearish slope on the one-day price chart. 

AMP/USD 1-day price chart. Source: TradingView

The one-day price chart dictates a decreasing volatility, which is a bullish signal for the coming market events. The upper and lower values of the Bollinger bands indicator have changed considering the recent changes in volatility. Currently, the upper Bollinger band is situated at $0.00684 high, marking strong resistance for the cryptocurrency. Whereas, the lower Bollinger band has moved to $0.00422 low, indicating the support. The Relative Strength Index (RSI) indicator confirms the recent changes in the price movements. Its overall value has dropped down to index 28.60 i.e. in the oversold region.

AMP/USD 4-hour price chart: Uptrend leads to recovery up to $0.00477 high

The hourly AMP price analysis confirms an increasing trend for the cryptocurrency. The Green candlesticks have been visible on the four-hour price chart since the early part of the day. In the past four hours, the coin value has ascended to $0.00477 high as a result of the recovering bullish momentum. On the opposite side, the Moving Average indicator shows a decline in its value $0.00490 considering the downside yesterday. The indicator’s curve shows a bearish curve on the four-hour price chart. 

AMP/USD 4-hour price chart. Source: TradingView

The volatility has experienced a subtle decline in the last four hours, which is a sign of an upcoming uptrend. The upper end of the Bollinger bands indicator has shifted to $0.00528 high, hinting at the strong resistance. Whereas, the lower end of the Bollinger bands indicator has moved to $0.0044 extreme, signaling stable support levels. The RSI graph displays a sharp bullish curve considering the latest upturn. Its overall value has spiked up to index 46.11, because of the rising buying activity.

AMP technical indicators: Levels and action

Daily simple moving average

PeriodValue ($)Action
SMA 3 0.006283SELL
SMA 5 0.00619SELL
SMA 10 0.006308SELL
SMA 21 0.006676SELL
SMA 50 0.00705SELL
SMA 100 0.008022SELL
SMA 200 0.005794SELL

Daily exponential moving average

PeriodValueAction
EMA 3 0.006599SELL
EMA 5 0.006753SELL
EMA 10 0.006897SELL
EMA 21 0.007041SELL
EMA 50 0.007323SELL
EMA 100 0.007089SELL
EMA 200 0.00608SELL

What can you expect from the AMP price analysis next?

The daily and hourly AMP price analysis suggests a decreasing trend for the day. Although the earlier part of the week proved favorable for bullish recovery, currently the bears are on the lead. AMP/USD value has depreciated to $0.00477 as a result of the downside observed in the past 24-hours. On the other side, the four-hour price analysis seems to be on the bullish end because of the upward spike in the last few hours of the day.

Is AMP a good investment?

AMP has been struggling with a bearish trend for the past few months. Despite this, its strong fundamentals suggest it could be a solid long-term investment. Crypto analysts suggest that the approaching weeks can bring a steady rise in the cryptocurrency’s value. In the latter part of this year (2024), a bullish rally may be expected, potentially pushing the AMP above $0.01.

Recent news/opinions on AMP

  • After rebranding to Ampera, the Ampera Foundation is now again rebranding to Acronym Foundation focusing on developing two products: Anvil and Ampera. Anvil is a collateral protocol for issuing on-chain secured credit, while the Ampera project is a grassroots payments initiative to support mainstream digital payments.
  • To promote cryptocurrency adoption, the Ampera Community X account has launched weekly spending challenges. Participants are urged to utilize SPEDN and make crypto transactions at Flexa merchants.

AMP price prediction June 2024

Amp could break out lower from current levels. A break below 40 RSI will necessitate a steep reversal. This month, Amp will trade between $0.0068 and $0.0081, with an average price of $0.0073.

AMP Price PredictionPotential LowPotential AveragePotential High
AMP Price Prediction June 2024$0.0068$0.0073$0.0081

AMP price prediction 2024

For 2024, traders can expect a maximum price of $0.0102, a minimum price of $0.0086, and an average trading price of about $0.0090.

AMP Price PredictionPotential LowPotential AveragePotential High
AMP Price Prediction 2024$0.0086$0.0090$0.0102

AMP price predictions 2025 to 2030

YearPotential Low ($)Average Price ($)Potential High ($)
20250.01280.01330.0152
20260.01850.01910.0221
20270.02790.02890.0315
20280.04040.04160.0486
20290.005480.05640.0702
20300.07970.08200.945

AMP price forecast for 2025

AMP price prediction for 2025 indicates a bullish trend for Amp, with the maximum price potentially reaching $0.0152. Conversely, the minimum price of the coin might stabilize at $0.0128, with an average trading price of $0.0133.

Amp (AMP) price prediction 2026

In 2026, based on current projections and technical analysis, Amp’s maximum price is anticipated to reach $0.0221. The minimum price could be around $0.0185, with an average trading price of $0.0191.

Amp coin price prediction 2027

According to Amp price prediction for 2027, the maximum price is expected to surge to $0.0315. The minimum price could be around $0.0279, with an average trading price of $0.0289.

Amp price prediction 2028

Amp price prediction for 2028 suggests a maximum price of $0.0486. The minimum price is projected to be $0.0404, with an average trading price of $0.0416.

Amp (AMP) price prediction 2029

For the year 2029, the maximum price of Amp is predicted to reach approximately $0.0702. The minimum price is expected to be $0.0548, with an average trading price of $0.0564.

Amp price forecast 2030

The AMP price forecast for 2030 suggests a maximum token price of $0.0945. The minimum price is projected at $0.0797, with an average trading price of $0.0820.

AMP market price prediction: Analysts’ Amp price forecast

Firm Name20242025
Wallet Investor$0.0102$0.0592
DigitalCoinPrice$0.0158$0.0184

Cryptopolitan’s AMP price prediction

We expect AMP to achieve a high of $0.0102 in the second half of 2024. In 2025, the coin will range between $0.0128 and $0.0152, with an average of $0.0133. Note that the predictions are not investment advice. Seek independent professional consultation or do your own research for investments.

AMP historic price sentiment

  • The Amp token was officially launched on September 11, 2020, with an initial price of $0.009. In its early months, AMP experienced a downward trend, hitting an all-time low of roughly $0.0007 on November 17 of the same year.
AMP Price History; Source: Coinmarketcap
  • However, the token reversed its fortunes entering 2021. It surpassed its launch price, reaching a notable high of about $0.046 on February 14, 2021. The momentum continued, and by April 18, AMP’s price peaked at $0.064.
  • AMP set new records, reaching a high of $0.077 on May 7, 2021, and then $0.12 on June 16, following its listing on the prominent cryptocurrency exchange, Coinbase.
  • Despite these spikes, the overall trend for the rest of the year was bearish. By September 2021, AMP had fallen below the $0.05 mark.
  • In January 2022, AMP declined further to $0.02. The bear market proved challenging, and by June of that year, AMP’s price had fallen below its initial launch price. On September 7, it hit a 52-week low of $0.0054.
  • In 2023, AMP attained a maximum price of $0.00642 and a minimum price of about $0.00146. Near the end of the year, AMP was trading at $0.0035.
  • At the start of 2024, AMP gradually started its bullish cycle and reached $0.0056. On March 13, it peaked at $0.0129 before reversing. At the time of writing (June 14, 2024), AMP is trading at $0.0056.

FAQs

Should I buy AMP?

Yes. Amp is a good investment with good returns. Analysts are however divided about Amp’s performance this year.

Where can I store my AMP tokens?

All Ethereum wallets can be used to store Amp since it's an ERC20 token. Read more about Ethereum wallets here: https://www.cryptopolitan.com/top-16-best-ethereum-wallets/

What's the price prediction for AMP in 10 years?

The AMP forecast shows that crypto coins will hit higher highs in 2033, meaning it has a bright future and can be a good long-term investment.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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