AMP token differs from numerous collateralization projects thanks to its unique features, which caused its recent price surge. Analytics think that the token will potentially grow in the nearest future. Read our AMP Price Prediction and decide if you should trust the analytics and invest in the asset.
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Table of Contents
Amp Fundamental Analysis
Amp is an ERC-20 token powering Flexa network extensible platform that allows collateralizing coin transactions. It provides the assets like LRC, BHC, XEC, cUSD, DOGE, GUSD, and others with instant verifiable assurance for real-world applications.
The users can stake AMP tokens to guarantee the value of any form, such as digital payments, exchange of fiat currencies, loan distribution, property sales, etc. After the coin is staked the transfer can be collateralized and the use of the collateral pool allows it to decentralize the risk of the transfer, which is especially useful for fraud-proof networks. If the payment fails the Amp collateral is burnt to cover the losses.
When the transaction is complete the AMP smart contract provides numerous built-in incentive models, such as continuous compounding and micro-distributions. AMP collateralization is available for anyone and can be used to create applications that will lock and unlock the token on-demand to protect transfers and create value quicker. Collateral partitions are assigned to collateralize any account, app, or transactions that are directly verified on the Ethereum network.
AMP has a lot of use cases for collateralization and also presents the concept of predefined partition strategies that enables the collateral models, allowing to stake the token without even revealing its address, so AMP offers transaction speed without compromising privacy.
AMP token is deflationary and has a limited supply of 100 billion tokens meaning that collateral quality gets enhanced due to reduced volatility.
Amp Live Price Chart
AMP was trading for $0.0095 from the launch and sustained the same price level till the beginning of February. After that token started to grow steadily until the sudden rise of the price happened on February 13.
The market remained moderately bullish ever after, spiling in mid-April and the beginning of May. The situation accelerated in summer and AMP’s bullish rally in June made it reach the all-time high of $0.109 on June 16 but then dropped below the support level of $0.0791. Sustaining above $0.04 support level, the price was bouncing in the same range for almost 5 months till lately.
AMP’s price increased 24% in the last week and gained 36% in the last 24 h. This price surge is mainly caused by the listing on Binance exchange. The token is currently trying to overcome the resistance level.
Thanks to the unique features and numerous use cases AMP token is considered a good short-time investment which is expected to reach $0.4 in a 5-year period.