AMP was $0.0016 last week, witnessing a decrease of -9.23% over the past week and reaching the current price of $0.0014. In the last 24 hours, AMP experienced a decline of -1.73%. The crypto market is currently showing a slight bearish sentiment. Nevertheless, the long-term outlook is optimistic, with projections suggesting that AMP could reach $0.0037 by 2024.
As of writing this article, the total circulating supply of AMP stands at $56,127,938,240.44, and the market capitalisation of AMP remains at $83,873,861.
AMP Token Overview
Flexa Network and The Birth of AMP Token
To fully understand AMP, it is essential to get acquainted with the Flexa Network – a crypto payments platform. Flexa is an open network co-founded by Tyler Spalding, Trevore Filter, Zachary Kilgore, and Daniel C. McCabe in 2018 that facilitates immediate crypto payments both online and offline at retail stores. The SPEDN app, developed by the payment protocol, enables users to conduct crypto transactions in Bitcoin (BTC), Ether (ETH), Litecoin (LTC), and at over 40,000 more merchants in the US and Canada. The native token of the Flexa Network was FlexaCoin (FXC).
However, on Sep 8, 2020, Flexa Network introduced the AMP token as their native token as an upgrade from the FXC. This derivation holds a significant meaning. Crypto security for merchants amid a transaction is one predominant issue. Merchants want to confirm whether the crypto payment they received is confirmed. Currently, proof of work (PoW) blockchain verifications required for this can take up to several hours. This span of time may be reduced if we switch to proof of stake (PoS) blockchains, but this action will make the networks more vulnerable to cyber-attacks.
The AMP project seeks to address the speed and security problems with its native token AMP, which is used to collateralise asset transfers.
What is AMP Token (AMP)?
AMP token (AMP) is a digital collateral token designed to enable swift and secure cryptocurrency transfers for various practical implications such as merchant payment transactions, individual payments, and decentralised finance (DeFi) uses. As an ERC-20 compatible token, it boasts universal interoperability with external transaction protocols.
Creating the AMP aims to overcome many defects of FXC’s smart contracts, as its infrastructure couldn’t be updated to support many advanced functionalities.
AMP has a fixed maximum supply of 99,445,806.961 tokens. This figure is proposed to protect the AMP’s value from inflation. When a new business adopts the AMP token, existing users of the crypto benefit as the liquidity increases.
How does AMP work?
The AMP token is open-sourced. Therefore, any merchant or business can adopt AMP. The fundamental purpose of AMP is to serve as collateral for crypto transactions made with apps like SEPDN that use Flexa’s payment protocol.
Staking AMP plays a crucial role in balancing collateral pools and upholding the integrity of collateral. By staking AMP, various value exchanges can be secured, ranging from digital payments to the distribution of loans and property sales.
Notably, the AMP expenditure is constrained by the total amount of AMP staked in the AMP collateral pool. However, as the amount of AMP spent approaches the amount of AMP staked in the pool, the rewards will increase significantly. Every app used for staking AMP owns a collateral pool. Therefore, as users get attracted to different collateral pools for rewards, the pools spontaneously get balanced, achieving a healthy equilibrium.
AMP Price Prediction
AMP has had an eventful 2021. To simplify the latest AMP price prediction, we have divided the prediction into short-term and long-term AMP price predictions. As of writing this article, AMP had a trading volume of $3,682,253. AMP has gone down by -14.29% in the past 30 days.
According to our analysis in the short term, AMP price prediction for December 2023 shows the average price of AMP at $0.012, and the highest possible price for December 2023 would be $0.013.
Further, according to our analysis in the long term, AMP price prediction for April 2024 shows the average price of AMP at $0.0033, and the highest possible price for April 2024 would be $0.0036.
AMP price prediction Oct 13, 2023: AMP’s price for Oct 13, 2023 according to our analysis should range between $0.0027 to $0.0031 and the average price of AMP should be around $0.0029.
AMP price prediction Oct 14 2023: AMP’s price for Oct 14 2023 according to our analysis should range between $0.0028 to $0.0032 and the average price of AMP should be around $0.003.
AMP price prediction Oct 15 2023: AMP’s price for Oct 15 2023 according to our analysis should range between $0.003 to $0.0035 and the average price of AMP should be around $0.0032.
AMP price prediction Oct 20 2023: AMP’s price for Oct 20 2023 according to our analysis should range between $0.0045 to $0.0052 and the average price of AMP should be around $0.0049.
AMP price prediction Oct 25 2023: AMP’s price for Oct 25 2023 according to our analysis should range between $0.0061 to $0.007 and the average price of AMP should be around $0.0065.
AMP price prediction Nov 4 2023: AMP’s price for Nov 4 2023 according to our analysis should range between $0.0093 to $0.01 and the average price of AMP should be around $0.01.
AMP price prediction December 2023: AMP’s price for December 2023 according to our analysis should range between $0.011 to $0.013 and the average price of AMP should be around $0.012.
AMP Long-term Price Prediction
AMP’s long-term Price Prediction below is a look at AMP’s prospects concerning price. AMP was last seen at $0.0014, with a market cap of $83,873,861 and trading volumes of $3,682,253. AMP’s price prediction is possible by analysing historical price action, current developments, and social sentiment from the community.
AMP price prediction 2023: AMP’s price for 2023 according to our analysis should range between $0.0099 to $0.014 and the average price of AMP should be around $0.012.
AMP price prediction 2024: AMP’s price for 2024 according to our analysis should range between $0.0025 to $0.0037 and the average price of AMP should be around $0.0031.
AMP price prediction 2025: AMP’s price for 2025 according to our analysis should range between $0.0032 to $0.0049 and the average price of AMP should be around $0.0041.
AMP price prediction 2026: AMP’s price for 2026 according to our analysis should range between $0.0043 to $0.0064 and the average price of AMP should be around $0.0053.
AMP price prediction 2027: AMP’s price for 2027 according to our analysis should range between $0.0056 to $0.0084 and the average price of AMP should be around $0.007.
AMP price prediction 2028: AMP’s price for 2028 according to our analysis should range between $0.0073 to $0.011 and the average price of AMP should be around $0.0092.
AMP price prediction 2029: AMP’s price for 2029 according to our analysis should range between $0.0096 to $0.014 and the average price of AMP should be around $0.012.
AMP price prediction 2030: AMP’s price for 2030, according to our analysis, should range between $0.012 to $0.019, and the average price of AMP should be around $0.015.
AMP price prediction 2031: AMP’s price for 2031 according to our analysis should range between $0.016 to $0.024 and the average price of AMP should be around $0.02.
AMP price prediction 2032: AMP’s price for 2032 according to our analysis should range between $0.021 to $0.032 and the average price of AMP should be around $0.027.
AMP price prediction 2033: AMP’s price for 2033 according to our analysis should range between $0.028 to $0.042 and the average price of AMP should be around $0.035.
AMP price prediction 2034: AMP’s price for 2034 according to our analysis should range between $0.037 to $0.056 and the average price of AMP should be around $0.046.
Is AMP a Good Investment?
The AMP token is developed and supported by the Flexa team. They have been operating since 2018 and have the experience of serving millions of customers globally. The token’s smart contracts are thoroughly tested and audited by security researchers at notable organisations like Trail of Bits and ConsenSys Diligence.
Many blockchains and DeFi industry giants have also adopted the AMP token. Projects like Uniswap, SushiSwap, Balancer, Chainlink, and Loopring have collaborations with AMP protocol to enhance their functionalities. As Flexa Network scales and AMP gets increasingly adopted by different protocols, this leads to greater liquidity and decentralisation, thereby enhancing the collateral quality of AMP.
AMP token’s security and strong partnerships assure that AMP and Flexa Network are here to stay long-term. Hence, we’re confident that AMP will see a sturdy growth in value as it grows increasingly secure. However, our views should not be seen as financial advice, as altcoins are especially prone to market volatility. Therefore, doing your own research before investing, whether it is AMP or any different coins like UFO Gaming or PEPE Coin is always advisable.
AMP Price Prediction: Market Sentiments
“Based on our AMP price predictions, crypto is a bad long-term investment; the price prognosis for 2023 year-end is $0.000236.”
Wallet Investor
“Based on Long Forecast’s AMP predictions, the AMP price might be around $0.0020 by the 2023 year-end. While the maximum price for the year 2025 may be around $0.0024.”
Long Forecast
“The price of AMP is predicted to reach a minimum level of $0.008 in 2025. The AMP price can reach a maximum level of $0.010, with an average price of $0.008 throughout 2025.”
Price Prediction
“In the first half of 2024, the AMP price will climb to $0.0049; in the second half, the price may be around $0.0052, which is +67% of the current price.”
Coin Price Forecast
“Through current trends, Investor sentiment, and the overall direction of the AMP cryptocurrency market capitalisation, Digital Coin Price’s experts think AMP has a long-term earning potential and a good chance of visiting the $0.0113 in 2025 as long as the trend continues and this will make it a good investment.”
Digital Coin Price
“Looking at the very recent price changes in AMP, the AMP crypto could be roughly $0.004826 in 2023. Based on the AMP historical price data, Coin Arbitrage Bot predicts that the AMP price could be $0.016873 at the end of 2025.”
Coin Arbitrage Bot
FAQs
Is AMP Safe?
Yes, indeed. Like ONE coin or Cosmos (ATOM) coin, it is improbable that AMP will get hacked, mainly because it is an Ethereum-based digital token. As users of AMP, you are masters of your wallet; hence, safekeeping falls in your periphery of accountability. They must do their due diligence on comparing the average price of AMP and then decide on their future investments based on growth signs data of other digital assets founded on similar technologies.
Where can I buy AMP?
Similarly to BTT token, NEAR Protocol, and MANA, AMP can be bought, sold orders, or traded on several digital asset exchanges. Many exchanges that have listed AMP to date for trading have been included on the AMP markets page.
