The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. Hake did not hold any position (either directly or indirectly) in the securities mentioned in this article. I would not be surprised to see AMP 20% to 50% higher over the next year as a result. However, assuming that Amp continues to gain credence as a way to speed up transactions and make them safer, expect to see it rise consistently higher. I would expect to see a lot of that sort of thing if the crypto had a chance of rising another 8 times. Although theoretically possible, it seems highly unlikely.įor one, there is very little visible marketing spending and very little news about new collaborations or partnerships with Amp. That would imply it would move to a market capitalization of more than $18 billion. That is a fantastic return for most investors.īut will it repeat this performance going forward? Not likely. 4 price of 5.34 cents, it is 8 times the price where it started at the end of the year. It ended last year at 0.66 cents per token. So far this year, AMP has been on a terrific run. Maybe Flexa can come up with some solution that Amp can provide for owners of NFTs other than just acting as collateral in transactions. This is what helps push a cryptocurrency higher these days. More specifically, I believe it will need to cut out some sort of non-fungible token (NFT) niche. For example, I don’t see any movement by Flexa, the company behind Amp, to move into smart contracts, decentralized finance (DeFi) or decentralized apps (dApps). A price of 1 would mean that AMP’s market cap would be the same as Polkadot’s (roughly 40 billion). However, as Guy already pointed out in his video, that isn’t going to happen. However, one of the problems I see with Amp is that it has not moved into newer areas that investors are interested in these days. What many people on Reddit expect, and want, is a price of 1, which seems to be the target for all cryptos under that. As it gains credence as a collateral mechanism making transactions operate safely, its value will continue to rise. So it is not an insubstantial blockchain by any means. 4 and is ranked as the 63rd largest cryptocurrency. It can lock, release and redirect collateral in partitions in order to support value transfer activities, according to CoinMarketCap.Īs it stands now, AMP had a market value of $2.25 billion as of Dec. It can also act as a smart contract collateral manager. That way the receiving party still gets paid using it as the collateral for the transaction.ĪMP can collateralize any account, application or transaction and “carry” balances directly verifiable on Ethereum. AMP crypto can then be liquidated as collateral if transactions take too long or are unsuccessful.
This especially applies to Ethereum (CCC: ETH-USD), which is well-known as a slower cryptocurrency.Īs Coindesk explains, Amp allows users to provide its tokens as collateral for transactions on other crypto networks, like Bitcoin (CCC: BTC-USD) and Ethereum. That includes the latest about Dogecoin (CCC: DOGE-USD), Polygon (CCC: MATIC-USD), and Polkadot Coin (CCC: DOT-USD).AMP is able to offer its blockchain as a mechanism to help make transactions go faster. InvestorPlace has that covered with our extensive look into the crypto space. There’s also plenty of other crypto news outside of AMP worth looking into today. InvestorPlace - Stock Market News, Stock Advice & Trading TipsĪMP was up 22.9% over a 24-hour period as of Friday afternoon.
#Amp coin value full#
You can see the full price predictions at this link. One price perdition claims that the cryptocurrency will end up rising to about 8.6 cents (or $.0086) near the end of next year. However, that doesn’t mean there isn’t potential for it to grow. So how about price predictions for AMP? The crypto still doesn’t hold much value with each token going for about 7 cents. 10 Best Stocks to Buy That Will Get You Through the Day
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