AMP has proved to be one of the dominating crypto projects in the industry, and it has been a significant contribution to the DeFi (Decentralized Finance) space since its inception in 2020. AMP acts as transaction insurance as it steps in to eliminate losses when a transaction fails.
AMP has been too volatile in the price graph, creating confusion among investors about the correct buying and selling opportunity. In this article, we will take a closer look at AMP price prediction, technical analysis, future prices, and developments to guide you in making the proper investment decision on AMP.
In the era of digitalization, transaction speed and security are playing a central role. AMP is leading the role as it ensures lightning-speed transactions with end-to-end encryption. AMP runs on the Flexa network, which is a platform to transfer digital assets collateralization. The Flexa network operates with several exchanges and financial institutions to offer services around the world. Flexa integrates existing point of sale and technologies of various platforms to execute critical transactions.
Project Outlook And Features
AMP is the native token of the Flexa network in partnership with ConsenSys. It is an ERC-20 standard token used as collateral for securing transactions and minimizing the risk of an asset transfer in DeFi. AMP is designed with the aim of speeding up the transaction process in the blockchain network. In 2020, AMP was developed and launched by Tyler Spalding, the founder of Flexa Network. Merchants can integrate AMP coin and Flexa to guarantee the execution time of transactions, and users can utilize AMP for a speedy and encrypted transfer within the network.
The white paper states, “Within distributed tokenized financial networks, Amp serves as a medium for accruing value while aligning the incentives of all participants. This is achieved via virtuous feedback loops of increasing spending capacity coupled with a non-inflationary reward distribution. Fundamental economic models are derived to demonstrate that Amp functions as low-volatility collateral, with its value compounding exclusively as a result of the utility it provides.”
AMP token ensures enough liquidity in its supply, and its roadmap is unique compared to other DeFi protocols in the market. AMP tokens act as a catalyst in implementing new technologies and smart contracts. Let’s check out AMP’s current market details to better clarify our AMP price prediction.
Current Market Status & Partnerships
|Price Change 24h||+1.4%|
|Circulating Supply||77,058,950,758 AMP|
|Amp ROI (1y)||-94.2%|
Last year, there was rumor that Amazon might build up a partnership with AMP token to broader crypto payment and its acceptance in the market. AMP also partnered with Polygon MATIC and Shopify to allow users to pay with AMP. AMP has so much room to grow as it is supported by Chainlink, MoonSwap, DODO, Yield, and several platforms.
AMP looks promising in the future as the developing team is experienced and is constantly looking for more partnerships to acquire and wider the AMP adoption in the crypto market. According to our AMP price prediction, these partnerships will soon act as a catalyst for pushing AMP’s price upward during the crypto winter.
AMP Price History
Before heading toward AMP price prediction, it is essential for investors to know about AMP’s price history to get a better idea about its future prices and potential. However, it is to be noted that price history does not guarantee our AMP price prediction.
AMP token started its trading journey on 11 September 2020 with a price of $0.009. The coin did not get much success at the beginning, as it dropped to $0.006 by the end of September and touched the bottom at $0.003 in October 2020.
AMP started a bullish rally in 2021 as its price surged to $0.03 after being listed on Cream Finance on 10 February 2021. The bull run continued, and AMP saw a breakout on 18 April, pushing the token to $0.06. AMP drew excellent attention after being listed on the liquidity platform Bancor, and it reached $0.07. The collateral token had an exciting journey in May when Flexa network added Dogecoin as a payment method, and AMP enabled users to borrow and lend tokens on the Yield (DeFi app). Coinbase listed AMP on the platform, fuelling the token to reach an all-time high of $0.12 on 16 June 2021. However, the token had a rollercoaster journey for the rest of the year and ended at $0.04.
In 2022, AMP again rose to $0.05 following an announcement of an AMP fund from Grayscale. However, the crypto winter led the token to plummet, and it dropped significantly and reached $0.01 in June. The token further dropped and touched $0.008 in July.
AMP Price Prediction: Technical Analysis
According to CoinMarketCap, AMP is currently trading at $0.005 with a market cap of $213 million. According to our AMP price prediction, AMP may witness more dips in the price graph as it has been trading below the level of $0.006 for about a month and is showing no interest in moving upward.
However, it may indicate a slight upward bounce as a small bullish candle is formed near the EMA-20 line. The MACD line also shows a slight upward correction as it trends above the mainline. EMA-20 and EMA-50 are not showing any positive movement in the Fibonacci zone and remain below the 50% level.
On the 4-hour price chart, AMP is trading near the critical 50% Fib level, hinting at a slight upward correction and then a price drop. The MACD line is also not showing much movement and remains stable near its trend line. The RSI-14 recently dropped from its peak at 61 level to the 50 level, hinting at a sharp price drop soon. The SMA-14 line is also declining and trading with the RSI-14, indicating a bearish trend in the AMP price graph.
According to our AMP price prediction, the Bollinger band’s upper limit is $0.00576, an immediate resistance level. If this level breaks, then we can see a swift move to the North, and AMP can reach its next resistance level at $0.0063. Conversely, the Bollinger band’s lower limit is $0.0047, a crucial support level. If this support breaks, AMP can go all the way down and touch the bottom line at $0.004.
“Over the next five years, the token is set to pick up the pace with other cryptocurrencies to arrive at a price of $0.17. A jaw-dropping optimism is predicted for AMP mainly due to its consistent performance over the next four years.”CryptoNewsZ
“Amp’s price for 2031 according to our analysis should range between $0.049 to $0.074 and the average price of AMP should be around $0.062.”AMBcrypto
“Our AMP price prediction for 2025 is a maximum price of $0.019. The influx of manageability features with other powerful ad campaigns can boost AMP. The lowest price the coin is expected to have is $0.016, and the average trading price of the coin is $0.017.”cryptopolitan
“After years of analysis of the Amp price, crypto experts are ready to provide their AMP cost estimation for 2030. It will be traded for at least $0.11999, with the possible maximum peaks at $0.14999. Therefore, on average, you can expect the AMP price to be around $0.12999 in 2030.”changelly
AMP Price Prediction 2022
If AMP successfully breaks its resistance level this year, then it can see a minimum price of $0.005 and a maximum trading price of $0.006. Therefore, on average you can expect AMP to be priced around $0.0055 in 2022.
Potential ROI: 20%
AMP Price Forecast 2023
Our AMP price prediction for 2023 looks promising as AMP is expected to reach a minimum price of $0.008 and a maximum price of $0.010 with an average trading price of $0.009.
Potential ROI: 80%
AMP Price Prediction 2024
In 2024, AMP is predicted to reach a maximum price level of $0.014 and a minimum price of $0.012 with an average price of $0.013.
Potential ROI: 180%
AMP Price Prediction 2025
Our AMP price prediction says that AMP may touch a minimum price of $0.018 and a maximum price of $0.022 with an average trading price of $0.019 in 2025.
Potential ROI: 340%
AMP Price Prediction 2026
AMP is projected to trade at a minimum price level of $0.026 and a maximum price of $0.032, with an average trading price of $0.027 in 2026.
Potential ROI: 540%
AMP Price Forecast 2027
Our AMP price forecast says that AMP can hit a minimum price of $0.039 and a maximum price of $0.047 with an average trading price of $0.040 in 2027.
Potential ROI: 840%
AMP Price Prediction 2028
In 2028, AMP may see a price range between $0.059 and $0.069, with an average price of $0.061.
Potential ROI: 1280%
AMP Price Forecast 2029
AMP price is expected to hit a maximum price of $0.1 and a minimum price of $0.084, with an average price of $0.9 in 2029.
Potential ROI: 1900%
AMP Price Prediction 2030
Following all the developments, network upgrades, partnerships, and fundamentals, AMP is expected to reach a minimum price of $0.12 and a maximum price of $0.15 with an average trading price of $0.13 in 2030.
Potential ROI: 2900%
Frequently Asked Questions
Is AMP a good investment?
AMP has proved to be one of the flagships and dominating digital assets in the era of digitalization. AMP aims to establish an infrastructure for transactions’ speed and security. It has a bright future ahead for investors and can soon moon following its developments and partnerships. AMP can turn out to be fruitful in the long term and can bring an excellent ROI. However, our AMP price prediction advises investors to research and conduct experts’ opinions and analyses before investing in the volatility of the crypto market.
Will AMP reach $1?
The $1 mark for AMP looks far, and it may take 2040 to reach that price level for AMP. However, AMP can quickly accomplish it following positive market sentiments.
Does AMP have a future?
AMP has an overwhelming future ahead with so much potential in its price. It has been the favorite of the crypto community due to its incredible returns in the past. Crypto experts and analysts believe that AMP can be the spotlight in the near future and touch new highs.