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 $0.009108 with a 24-hour trading volume of $5,072,393. Amp is up 1.01% in the last 24 hours. The current CoinMarketCap ranking is #87, with a live market cap of $384,606,241. 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.
Co-founder Tyler Spalding said that the startup gradually leverages its wallet service while providing more centralized software solutions for merchant partners. Amp already works with companies that use its services, including 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
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 Price History
The AMP ecosystem was first conceptualized in Q1 2019, and according to Coinmarketcap, it recorded its initial market price at $0.012. AMP would later break the Ice in the 2021 crypto bull run and would register its best performance mid-year. AMP reached its all-time high price of $0.1211 on 16 July 2021 and had earlier registered its lowest price at $0.0007946 on 17 November 2020.
In 2022, the AMP value will be dominated by bears. It opened at $0.048 and is down 80% to its current price. At the current position, AMP is trading at a similar range to that of 2021.
AMP Technical Analysis
AMP value dropped sharply between April and July. AMP has been trading sideways in the last two weeks, breaking the price fall. The William alligator trendlines are moving into a sleeping position, with the MACD histogram showing little AMP price action on the upside.
AMP Price Predictions by Authority Sites
Wallet Investor uses Artificial intelligence (AI) and machine learning on historical data to provide the AMP price forecast. The AI indicates the AMP token’s historical data index rating as C. It adds that AMP would make a ‘bad’ one-year investment; it will sell at an average forecast price of $0.00114 in one year. AMP value will fall from the current price to $0.00896 in two weeks. AMP return on investment (ROI) will be -87.35% in 2023. In 2024 the ROI will be -89.93%, in 2025, it will be -91.58%, in 2026, it will be -94.91%, and in 2027 it will be -98.97%. According to the amp price analysis, the bullish trend continues over the entire period.
The site uses linear and polynomial regressions on past data to provide AMP price predictions. The AMP average trading price will rise to $0.0137552 in August. It will then be bearish for the second half of the year. In December, AMP will be selling at $0.0128885. In 2023, AMP will trade at an average price of $0.0125446 in January and $0.0147594 in December; in 2024, AMP will trade at an average price level of $0.0152451 in January and $0.0192142 in December. In 2025, AMP will trade at an average price of $0.0195056 in January and $0.0221917 in December.
Digital coin price
AMP performed well in January and April but dipped in subsequent months. AMP’s average value will go up to $0.0127 in August. It will continue on an upward trend, dropping in November to $0.0125. AMP will be on a bullish trend from 2022 to 2030. In 2023 it will trade at a mean price of $0.0129. It will reach a maximum price of $0.0145 and a minimum price of $0.0119. In 2025 it will trade at a mean price of $0.0175. It will reach a maximum price of $0.0192 and a minimum price of $0.0155. In 2030 it will trade at a mean price of $0.0411. It will reach a maximum price of $0.0424 and a minimum price of $0.04.
AMP Price Prediction 2022
AMP price prediction for 2022 is $0.014. The AMP price is down 80% this year from high volatility in the crypto market. The AMP prediction indicates that it will trade higher in August and sideways. After the accumulation period, AMP will recover in 2023. AMP will trade between $0.014 and $0.016.
AMP Price Prediction 2023
AMP price prediction for 2023 is $0.02. The AMP price rise will begin in 2023, affected in part by the upgrade on the Ethereum mainnet. AMP runs on Ethereum smart contracts. The upgrade will increase the scalability and performance of the AMP ecosystem. AMP cryptocurrency will trade between $0.020 and $0.024 in the crypto market.
AMP Price Prediction 2024
AMP price prediction for 2024 is $0.03. AMP coin builds on the trustless and permissionless nature of decentralization. This feature gives AMP an edge in the crypto world; AMP offers collateral and insurance for top-tier cryptocurrencies. AMP cryptocurrency will trade between $0.029 and $0.034 in the crypto market.
AMP Price Prediction 2025
Amp price prediction for 2025 is $0.044. The AMP digital collateral token features are free to use. The smart contract is battle tested and easy to build on, giving it a high possibility of adoption by developers. AMP will trade between $0.042 and $0.051 for the year
AMP Price Prediction 2026
AMP price prediction for 2026 is $0.064. The AMP token is non-inflationary with a fixed total supply giving it a high possibility of growth in value. When new projects adopt AMP, the total value locked increases, increasing AMP’s value and market capitalization. Amp forecast shows it will trade between the highest price of $0.073 and a low price of $0.061.
AMP Price Prediction 2027
AMP coin price prediction for 2027 is $0.09. AMP will reach its long-term price targets by breaking its all-time high of $0.211 set on 17 November 2021. AMP market cap will continue growing as it sets new support and resistance levels. It will reach a minimum price level of $0.087 and a maximum level of $0.11 during the period.
AMP Coin Price Prediction 2028
AMP crypto price prediction for 2028 is $0.13. AMP collateral token is asset agnostic, whether digital or real. This feature widens AMP’s scope of operation. AMP can collateralize fiat currencies, loans, property transfers, and digital payments. The AMP forecast show AMP coin will trade between $0.12 and $0.15.
AMP Price Prediction 2029
AMP crypto price prediction for 2029 is $0.19. The AMP collaborators and defi partners offer more ways to invest money and earn AMP. These collaborators include Flexa, Gemini, Bittrex, Poloniex, Uniswap, Dodo, Coinbase, Sushiswap, Moonswap, Loopring, Chainlink, Coingecko, Bancor, and Valora. The AMP collateral token will trade between $0.19 and $0.22.
AMP Price Prediction 2030
AMP crypto price prediction for 2030 is $0.28. The AMP governance is decentralized, allowing the community to vote and make proposals on the AMP ecosystem. Such features are the vision of WEB 3.0 and should have higher adoption as we transition into the new era. The AMP token will trade between $0.28 and $0.32.
AMP Price Prediction 2031
AMP crypto prediction for 2031 is $0.4. The crypto world is bustling with new projects and blockchains that offer higher efficacy. To maintain the trend, AMP will require innovations to give it an edge against competitors. AMP can transition to a native dedicated blockchain in the near future. The AMP price analysis indicates it will reach a minimum level of $0.39 and a maximum value of $0.47.
AMP Price Predictions by Industry Influencers
Jacob Crypto Bury gives his two cents on the AMP outlook and probable price movement.
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 assume a bullish position from 2023, a sentiment many price analysts have shared. The Flexa app has been at the forefront of developments, and this will see value flow into Amp collateral token.
AMP offers value not only in the blockchain space but also for real-world assets. It is also open source, making it easy for adoption by enterprises that need to plug in decentralized systems.
AMP has been on a falling trend this year; recent price trends show the downward momentum is reducing. The slow momentum makes it possible for a price reversal in the second half of 2022. AMP market cap and value will rise from 2023 onwards; make your own due diligence before you decide o buy AMP.
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; the 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. However, you should conduct your due diligence and technical analysis before purchasing Amp on the crypto market.