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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 $0.0066 by the end of 2024 while maintaining an average price of $0.0062.
  • In 2027, the price of AMP will range between $0.0193 and $0.0234, with an average price of $0.0199.
  • In 2030, AMP will range between $0.0570 and $0.0685, with an average price of $0.0587.

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 $0.00453
Market Cap$193,301,321
Trading Volume$19,867,358
Circulating Supply42,227,702,186 
All-time High$0.1211 June 16, 2021
All-time Low$0.0007946 Nov 18, 2020
24 High$0.004662
24 Low$0.004532

AMP price prediction: Technical analysis

MetricValue
Volatility13.70%
50-Day SMA$ 0.006200
100-Day SMA$ 0.007342
SentimentBearish
Fear & Greed51 (Neutral)
Green Days 12/30 (40%)

AMP price analysis: AMP devalues to $0.00453 amidst bearish trial

TL; DR Breakdown

  • AMP price analysis suggests a downtrend.
  • Coin value has dropped down to $0.00543.
  • Strong support is available on $0.00407 end.

The latest price analysis for July 22, 2024 is suggestive of an ongoing bearish trend. Although the past week proved highly supportive for the bullish progression, currently the bears are on the leading end. In the past 24-hours, the coin value has dropped down to $0.00453 pertaining to the bearish comeback. The selling momentum is on the rise and further downside can be expected soon.

AMP price analysis 1-day chart: Coin value demonstrates loss below $0.00453

The bears are back on track, as a substantial decline in the coin value was observed during the day. The daily price analysis supports the bears, as the selling activity remained quite intense in the past 24-hours. Overall, the cryptocurrency has devalued to $0.00453 low because of the rising pressure from the sellers’ end. Moreover, if we discuss the moving average (MA) indicator, then its value has improved up to $0.00459 high. That is because of the intense upside in the earlier part of this week.

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

The volatility is declining which means that the current trends may remain stagnant in the coming days. Whereas, the upper end of the Bollinger bands indicator has switched to $0.00480 because of the decreasing volatility. The lower end of the Bollinger bands indicator is currently present at $0.00407, thereby marking stable support for the cryptocurrency. The Relative Strength Index (RSI) indicator marks the latest shifts in the market events. Its value has been reduced to index 45.02 because of the downside during the day.

AMP/USD 4-hour price chart: Downsweep carries price below $0.00453 margin

The bears have been securing consecutive victories since the early hours of the day. Red candlesticks are dominant on the four-hour price chart, because of the intense bearish activity during the day. During the last four hours, the coin value has declined to $0.00453 end, thereby marking substantial loss for the cryptocurrency. Side by side, the moving average indicator shows a considerable reduction in its overall value as well. The indicator’s value has stepped down to $0.00458 as a result of the persistent bearish slide.

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

The volatility is declining once again which means that no major shift in the market events may take place in the coming hours. Moving on, the upper end of the Bollinger bands indicator currently suggests its value at $0.00468 high, marking a strong resistance threshold. Whereas, the lower end of the Bollinger bands indicator is situated at $0.00447 low, signaling the availability of support. The RSI graph displays a steep bearish slope for the cryptocurrency. Its value has sunk to 45.60 because of the bearish tide in the past few hours.

AMP technical indicators: Levels and action

Daily simple moving average

PeriodValue ($)Action
SMA 3 0.004903SELL
SMA 5 0.004882BUY
SMA 10 0.004888BUY
SMA 21 0.005174SELL
SMA 50 0.006200SELL
SMA 100 0.007342SELL
SMA 200 0.00604SELL

Daily exponential moving average

PeriodValueAction
EMA 3 0.004891SELL
EMA 5 0.004894SELL
EMA 10 0.004971SELL
EMA 21 0.005318SELL
EMA 50 0.006067SELL
EMA 100 0.006435SELL
EMA 200 0.005948SELL

What can you expect from the AMP price analysis next?

The AMP price prediction is suggestive of a decreasing trend for the cryptocurrency. The bears have bounced back as a strong rise in the selling activity was reported today. Overall, the cryptocurrency value has deteriorated to $0.00453 marker, which is a great loss for the buyers. Side by side, the four-hour price analysis confirms a major downsweep for the cryptocurrency in the past 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.

Why is AMP down?

AMP’s price has decreased today, as overall, the coin has experienced a decline of 0.16% if observed over the last 24 hours. The price is trading at $0.00453 as the coin is under deterioration for now and a break in any direction has yet to be observed.

Will AMP reach $0.010?

AMP’s resistance level is at $0.005; however, a break above this level is possible if sufficient buying momentum builds. A break near or above $0.010 will require a more robust push but isn’t impossible, as the coin has achieved this level on March 12, 2024.

Will AMP reach $1?

Amp has never spiked above the $0.12 level. Even this price mark was observed only once at the start of the token’s launch, and AMP has never seen this level again. It seems highly unlikely for AMP to achieve $1 in the near future.

Will AMP reach $10?

According to Cryptopolitan’s price prediction, AMP doesn’t seem to be achieving this level in the next 10 years until something unusual happens. Considering the current market cap of AMP, which is only $204 million, the scenario seems almost impossible.

Does AMP have a good long term Future?

Amp is trading near its average price level if observed over the longest price period levels. It can be a good investment for the long term, as it is expected that AMP’s price can double in 2025 and reach $0.068 by 2030. 

Recent news/opinions on AMP

  • The Acronym Foundation has announced that it has launched ANVL token of anvil mainnet. The contracts for governance and the ANVL token have been successfully deployed.
  • 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.

AMP price prediction July 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 $0.0044 and $0.0060, with an average price of $0.0051.

AMP Price PredictionPotential LowPotential AveragePotential High
AMP Price Prediction June 2024$0.0044$0.0051$0.0060

AMP price prediction 2024

For 2024, traders can expect a maximum price of $0.0066, a minimum price of $0.0060, and an average trading price of about $0.0062.

AMP Price PredictionPotential LowPotential AveragePotential High
AMP Price Prediction 2024$0.0060$0.0062$0.0066

AMP price predictions 2025 to 2030

YearPotential Low ($)Average Price ($)Potential High ($)
20250.00880.00910.0104
20260.01350.01380.0154
20270.01930.01990.0234
20280.02820.02920.0337
20290.03930.04080.0489
20300.05700.05870.0685

AMP price forecast for 2025

AMP price prediction for 2025 indicates a bullish trend for Amp, with the maximum price potentially reaching $0.0104. Conversely, the minimum price of the coin might stabilize at $0.0088, with an average trading price of $0.0091.

Amp (AMP) price prediction 2026

In 2026, based on current projections and technical analysis, Amp’s maximum price is anticipated to reach $0.0154. The minimum price could be around $0.0135, with an average trading price of $0.0138.

Amp coin price prediction 2027

According to Amp price prediction for 2027, the maximum price is expected to surge to $0.0234. The minimum price could be around $0.0193, with an average trading price of $0.0199.

Amp price prediction 2028

Amp price prediction for 2028 suggests a maximum price of $0.0337. The minimum price is projected to be $0.0282, with an average trading price of $0.0292.

Amp (AMP) price prediction 2029

For the year 2029, the maximum price of Amp is predicted to reach approximately $0.0489. The minimum price is expected to be $0.00393, with an average trading price of $0.0408.

Amp price forecast 2030

The AMP price forecast for 2030 suggests a maximum token price of $0.685. The minimum price is projected at $0.0570, with an average trading price of $0.0587.

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 $0.0062 in the second half of 2024. In 2025, the coin will range between $0.0088 and $0.0104, with an average of $0.0091. 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 (July 2, 2024), AMP is trading at $0.0048.

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/

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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