The cryptocurrency which is slowly gaining popularity and garnering praise for its revolutionary idea. Yes, you guessed it right, we are talking about the AMP coin.
You must have come to this page because you would be interested in knowing about the future of AMP. What will be the future of AMP? How much can it go up? and Is it worth investing? You’ll know everything about AMP in this article.
What is Amp Crypto?
AMP is built on the Ethereum blockchain, AMP is an ERC20-compatible token that can be sent and received using an ERC20-compatible wallet.
Amp secures the unconfirmed or failed transactions of Bitcoin and Ethereum by making the payment in fiat to both parties.
The cryptocurrency is partnered with serval services, such as Flexa, Gemini, Sushi, CoinGecko, and Uniswap.
Amp is used as collateral for payment networks to make crypto payments instant and fraud-free to the merchants.
How to Buy AMP crypto?
The Amp coins are available on almost all famous cryptocurrency exchanges.
Follow these steps to buy AMP coin:
Step 1: Choose a cryptocurrency exchange where Amp is listed. Sign up on the Exchange with your email address.
Step 2: Verify your account on the cryptocurrency exchange by providing your information like name, date of birth, country of residence, phone number, etc.
Step 3: Add Fund to your account.
Step 4: Search for Amp crypto and make your purchase.
Step 5: (optional) Find the beat crypto wallet to store your Amp coins, although usually, most cryptocurrency exchanges hold your coins for you.
Past Performance of AMP Coin:
The AMP Debuted with the price of $0.05782 in September 2020. In the first month, the price of crypto fall by 35.64% and was $0.006669 by the end of its launch month. AMP did not performed well at the beginning for a few months.
The price of Amp went up in February 2021, the price was $0.009558 on the 1st of Feb and by the 16th of the month, the price of Amp reached $0.036661. In March the Amp was trading between $0.022928 and $0.029989.
The price rose to $0.062729 in April, but by the end of the month, the price dropped to $0.048483, Amp performed well in this month as compared to its previous month of March.
In May and June, the price of Amp has increased rapidly, the price went high till $0.108935, but after hitting $0.108935, the price of Amp started going down, the price was $0.058641 by the end of June.
Since July, there is no such big improvement in the price of Amp, the price of the cryptocurrency has not gone high than $0.075352 so far.
The price of AMP at the time of writing is $0.05099.
What Does the Market Say?
According to the prediction of Trading Beast, the average price of Amp will be $0.0748924 by the beginning of January 2022, and they say the price will be $0.1085097 by the end of the year 2023.
Trading Beast also predicted the Amp price for the year 2024, according to them at the beginning of 2024, the price of Amp will be $0.1109733 and by the end of the year 2024, the price will rise to $0.1158817.
Gov Capital has estimated that the price of AMP will be $0.82685 by 2022, $1.516 by 2023, $3.05325 by 2024, $4.82655 by 2025, and $5.77875 by 2026.
Wallet Investor says the price of AMP will be $0.0637 by 2022, $0.1093 by 2023, $0.15516 by 2024, $0.12 by 2025, and $0.247 by 2026.
Economy Watch estimate the price of Amp will be $0.1 by the beginning of 2022, and $0.5 by the year 2025. They also say the Amp will reach $1 by the year 2030.
Our Prediction About The AMP Coin:
At the current time of writing the price of Amp is $0.05099, the price can grow to $0.1 by the mid of 2022.
We estimate the Amp can trade between $0.2 to $0.35 in the year 2023, the price can rise to $0.45 in year 2024 and by the year 2025, the price can be more than $0.70.
Is Amp a good Investment?
AMP has the potential to grow in the long term, it can give good returns to its investors, the cryptocurrency may exceed $0.70 by the year 2025.
But before investing in any cryptocurrency you should do your research and you should never invest money in cryptocurrency which cannot afford to lose.
The cryptocurrency market is extremely volatile, the price of cryptocurrencies moves up and down very rapidly.
Amp is good for investing but there are many cryptocurrencies that can give a higher return on your investment than Amp.
FAQ About AMP
Can AMP reach $1?
Amp coin can hit $1 but not soon, we estimate that the Amp coin can reach $1 by the year 2030.
How many AMP coins are there?
According to CoinMarketCap, the total supply of Amp coins is 99.21 billion and the maximum supply is 92.54 out of which 42.23 billion coins are currently in circulation.
How is the Founder of Amp coin?
Tyler Spalding is the founder of Amp coin, Tyler is also a founder of Flexa Network.
On how many exchanges is Amp listed?
Amp is listed on almost all well-known exchanges such as Binance, Coinbase, and Gemini. The Amp coin is listed on over 30 cryptocurrency exchanges.
What is the all-time high of AMP?
According to athcoinindex.com, The Amp had an all-time high of $0.120813 on June 16, 2021.
[Disclaimer: The content of this article is not intended as financial advice, and should not be construed as such. Neither readaboutcrypto.com nor the author is responsible for any investment decision made by any reader.]