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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 $0.00419
Market Cap$193,970,383
Trading Volume$12,540,043
Circulating Supply42,227,702,186 
All-time High$0.1211 June 16, 2021
All-time Low$0.0007946 Nov 18, 2020
24 High$0.004561
24 Low$0.004114

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: Cryptocurrency devalues to $0.00419 amidst downside

TL; DR Breakdown

  • AMP price analysis confirms a downtrend.
  • The coin value has dropped to $0.00419. 
  • Support is being provided at $0.00419 extreme.

The daily as well as the hourly AMP price analysis for July 7, 2024, is suggestive of an ongoing bearish swing. The past few weeks have proved in favor of the bears, with a few instances of bullish strikes. However, in the past 24 hours, the selling activity has spiked up once again. Overall, the coin value has depreciated to $0.00419 amidst the declining price movement.

AMP price analysis 1-day chart: The coin value depreciates to $0.00419 after a bearish strike

The daily AMP price analysis confirms signs of a growing bearish trend. Although the bulls took over the market yesterday, today the bears remained successful in securing a comeback. The overall value of the cryptocurrency has dropped to $0.00419 because of the aggravating bearish trend. Side by side, the Moving Average (MA) indicator confirms a rapid decline in its value. Its value has descended to $0.0457, following the continual bearish swing in the past week. 

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

The volatility is on the rise, which is a bearish signal for the upcoming market events. The upper end of the Bollinger bands indicator has shifted to $0.00525 high, marking the resistance level. Whereas, the lower end of the Bollinger bands indicator has moved to $0.00419 extreme, securing the support. The Relative Strength Index (RSI) indicator confirms the receding price movement during the day. Its value has sunk to 31.64 following the bearish slide today.

AMP/USD 4-hour price chart: Upside results in a hike past the $0.00419 boundary

The hourly AMP price analysis confirms a highly bullish scenario for the ongoing market events. The bears have been ruling the market since the early hours of the day. However, in the past four hours, the bulls have remained successful in breaking the bearish streak. The coin value has spiked up to $0.00419 because of the increasing bullish momentum. Moving Ahead: The Moving Average indicator displays a sharp bullish curve on the four-hour price chart. Its value has ascended to $0.00423, considering the rapid bullish wave in the earlier weeks. 

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

The volatility is contracting, which is a bullish signal for the coming hours. The upper end of the Bollinger bands indicator has moved down to $0.00385 high, marking high resistance. Whereas, the lower end of the Bollinger bands indicator has receded to $0..00385 high, suggesting the support level. The Relative Strength Index (RSI) indicator confirms the rising bullish momentum. Its overall value has climbed to 43.42 because of the upturn in the last four 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 daily as well as hourly AMP price analysis confirms a bearish trend for the cryptocurrency today. The selling momentum has been intensifying quite rapidly during the day because of the latest bearish comeback. Overall, the coin value has depreciated to $0.00419 because of the receding trend. The four-hour price chart dictates rising buying activity as the coin value took a bullish turn 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 slightly decreased today, but despite the decrease, the coin has earned a profit of 8.52% if observed over the last 24 hours. The price is trading at $0.00419 as the coin is under consolidation 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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