What is AMP exactly?
Amp proposes collateralization as a solution to this issue. Each transaction might include a cryptocurrency bet from the user to guarantee that it will finish.
Amp was introduced by Flexa Network’s founder Tyler Spalding. It is built on the Flexa network and has two clearly defined core goals. Merchants can combine Flexa and stake AMP to guarantee that payments are fulfilled in real time. Using AMP, anyone may send their own assets swiftly and securely.
As blockchain user bases grow, a scalable and secure platform will become more and more important. Investors are starting to acknowledge Amp’s innovative concept.
pricing evolution for AMP
The collateral token, which had a launch price of $0.009 on September 11, 2020, suffered in the beginning. By the end of September, it was only worth $0.006, and by October 31, 2020, it was only worth $0.003.
The first AMP rally didn’t take place until February 2021. This was influenced by the current bullish cryptocurrency market, but the token also saw a listing on the DeFi platform Cream Finance on February 10. In the three days that followed, AMP increased to $0.03.
The token did somewhat right itself after that, but it was still able to maintain above $0.01. It made its next breakthrough on April 18, 2021, skyrocketing to $0.06. After the token made its debut on the liquidity platform Bancor, AMP revealed that there was a strong demand for the token.
May 2021 ended up being an even more intriguing month for the collateral token. On May 5, Amp disclosed that users of the DeFi app Yield would be able to borrow and lend the token. Two days later, Dogecoin was added to the Flexa network as a payment choice. By May 8th, AMP had increased to $0.07.
The following month, AMP saw its greatest growth to date. Because the collateral token was listed on Coinbase, users can purchase and exchange it. On June 16, 2021, the token’s all-time high was reached because to this, reaching $0.12.
AMP saw a significant decrease after breaking its previous price record, and by the end of the month, it had back to its original price of $0.05. It dropped even further in the middle of July, down to $0.04. But the token finally saw another increase once Binance US made the coin available to its consumers. On July 27, 2021, the day after the announcement, AMP increased to $0.07.
Over the following few months, the price of AMP significantly dropped; by October, it was less than $0.05. It experienced its subsequent breakout after learning that Binance would publish the token for all of its customers on November 23, 2021. The token rose to $0.07 on the announcement day before eventually dropping to $0.04.
Even though it managed to reach $0.05 on January 3, 2022, when asset management Greyscale unveiled an AMP fund, AMP has mostly been in a downward trend ever since.
projection for AMP’s price
Analysts have differing expectations for AMP; some foresee success while others predict impending calamity.
On the one hand, AMP is a “bad” investment, according to WalletInvestor, and will lose the majority of its value throughout the year. By the end of the year, the currency will decrease to $0.0008 according to the website’s AMP price prediction, and it will continue to fall until April 2023, when it starts to show some improvement and reaches $0.001 on April 21.
DigitalCoinPrice, however, offers a much more optimistic outlook for the price of the AMP cryptocurrency. The website predicts that in 2023 and 2024, the average price will be $0.0124 and $0.0126, respectively. In 2025, the coin might be worth approximately $0.0169. It will be valued around $0.0396 in 2030, according to the AMP price estimate.
The most optimistic estimate is on PricePrediction.net. The website predicts that the token’s highest price will be $0.016 in 2022 and an average AMP price of $0.044 in 2025. PricePrediction predicts that the price of AMP will be $0.28 in 2030 and $0.40 in 2031.
Given the promises of speed and security in the crypto sector, Amp has a lot of potential. According to experts, the AMP coin must continue to grow its ecosystem and highlight its practical uses in order to flourish.