Amp Price Prediction 2024: AMP Struggles After March Surge

Key Takeaways

• Amp’s AMP token jumped in mid-March.
• Volumes also recorded a notable surge.
• One price prediction says it may reach $0.0187 next year.

The Amp (AMP) token experienced a meteoric rise in March, emerging as one of the top-performing cryptocurrencies in the market. This surge reflects a remarkable leap of over 1,000% from its lowest point in 2023, propelling its market cap.

The sudden parabolic movement of the AMP token this week puzzled observers, especially considering recent significant changes within the network. Earlier in March, developers unveiled  plans for two upcoming projects: Ampera and Anvil.

Ampera will concentrate on digital payment solutions while continuing to serve as collateral for the Flexa ecosystem. Conversely, Anvil will emerge as the new platform for issuing digital letters of credit and will be overseen by the ANVL token. Anticipated to launch in the coming months after thorough testing, Anvil represents a significant evolution within the AMP token ecosystem.

The coin then struggled to maintain its positive trend, falling to $0.007439 on April 26, 2024.

Amp did not respond to a request for comment.

But what is Amp (AMP)? How does Amp work? Let’s see what we can find out, and also take a look at some of the Amp Price Predictions that were being made as of April 26, 2024.

Amp Coin Price Prediction 

Let’s examine some of the Amp price predictions being made on April 26, 2024. It is crucial to bear in mind that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate. Additionally, please remember that many long-term crypto price predictions are generated using algorithms, which means they can change at any time.

First, CoinCodex  had a short-term Amp price prediction that saw the coin reach $0.009680 by May 1 before climbing to $0.024402 by May 25. The site’s technical analysis was bearish, with 12 indicators sending bullish signals and 14 making discouraging ones.

Amp Price Prediction for 2024

DigitalCoinPrice  said Amp would reach $0.0161 this year, while PricePrediction.net  expects it at $0.0113 and Changelly  said AMP would close the year at $0.00481. 

Amp Price Prediction for 2025

Changelly said Amp would reach $0.0151 and PricePrediction.net sees it at $0.0144. DigitalCoinPrice said AMP would trade at $0.0187. 

Amp Price Prediction for 2030

Moving on to a more long-term Amp price prediction, PricePrediction.net said the coin would be worth $0.1101 in 2030 while Changelly expects it at $0.0981. DigitalCoinPrice made an AMP price prediction of $0.0543 at the start of the next decade.

Google Gemini AI Price Prediction for Amp (as of April 26)

Google’s Gemini AI platform gave the following price prediction for Amp on April 26. Please remember that the exact price prediction of an asset or cryptocurrency in the future is nearly impossible to achieve. Additionally, artificial intelligence price predictions are predicated on past performances and are in no way entirely accurate.

Short Term (Next three months)

• Expected price: $0.0248

• Factors to Consider:
  • Overall market sentiment: If the general feeling in the crypto market is positive, Amp’s price is more likely to go up.
  • News and developments: Positive news about Amp or its use cases could increase demand and price.
  • Regulations: Government regulations on cryptocurrency could impact the market, including Amp.

Medium Term (Next six months)

• Expected price: $0.021207

• Factors to Consider:
  • Overall Market Trends: Look at the broader cryptocurrency market and identify any trends that might influence Amp’s price.
  • News and Developments: Stay updated on any news or developments related to Amp or its use cases. Positive news could lead to a price increase.
  • Technical Analysis: Some users analyze price charts and technical indicators to predict future price movements. However, this approach isn’t foolproof.

Long Term (Next five years)

• Expected price: $0.1

• Factors to Consider:
  • Overall Crypto Market: The general health of the cryptocurrency market can significantly impact AMP’s price.
  • Adoption and Use Case: Increased adoption of AMP for its collateralized payments purpose could drive the price up.
  • Regulations: Government regulations on cryptocurrency could affect AMP’s price positively or negatively.

AMP Price History

Let’s now take a look at some of the highlights and lowlights of the Amp price history . While past performance should never be taken as an indicator of future results, knowing what the coin has done can help give us some very useful context when it comes to either making or interpreting an AMP price prediction. 

When AMP first entered the open market in September 2020, it was worth $0.01115. It moved up in the following year, reaching its highest level since then, $0.1089, in June 2021.

The coin had a negative 2022 and remained weak for all the subsequent year. It closed 2023 at $0.003602 and stayed down in the first two months of 2024. AMP jumped only in mid-March, reaching $0.01295 on March 12, 2024. Then, it fell, reaching $0.007439 on April 26, 2024.

At that time, there were 42.2 billion AMP in circulation, out of a total supply of 99.2 billion. This gave Amp a market cap of about $314.1 million, making it the 197th largest crypto by that measurement.

AMP Price Analysis

The price of AMP rose from around $0.0012 in October 2023. This uptrend brought the price to a high of $0.024 on March 12, 2024, an increase of 1,600%.

But it quickly came down to $0.012 on the same day. Since then, AMP has been on a downward trend, falling to a low of $0.0060 on April 12. 

Now that the price has retested $0.006 for support and bounced, we could see another larger uptrend developing. The daily chart Relative Strength Index signaled overbought conditions on April 13, and the MACD indicator confirmed the starting uptrend. 

Its next target is around $0.02. If, however, this is the final wave of a five-wave pattern, this would mean AMP has the potential to exceed the prior high by far, bringing the price of AMP above $0.03. 

Is Amp a Good Investment?

It is hard to say. The coin has dropped since peaking in March and so did for at least three years, before jumping in March 2024.

As ever with crypto, you will need to make sure you do your own research before deciding whether or not to invest in AMP.

Will Amp go up or down?

No one can really tell right now. While the Amp crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind, too, that prices can, and do, go down as well as up. 

Should I invest in Amp?

Before you decide whether or not to invest in Amp, you will have to do your own research, not only on AMP, but on other, related, coins and tokens such as Ethereum (ETH) and Solana (SOL). Either way, you will also need to make sure that you never invest more money than you can afford to lose.

Who are the Founders of Amp?

Amp’s parent company is Flexa, a blockchain payments company based in New York that specializes in FinTech and builds a future with more efficient, secure and affordable real-world payments. Trevor Filter, Zachary Kilgore, and Tyler Spalding co-founded Flexa in 2018.

Who Owns the Most Amp (AMP) Tokens?

On April 26, 2024, one wallet held 29.20% of AMP’ supply.

Richest WLD Wallet Addresses

As of April 26, 2024, the five wallets with the most AMP tokens were

• 0x706d7f8b3445d8dfc790c524e3990ef014e7c578. This wallet held 29,044,459,203 AMP, or 29.20% of the supply.
• 0xb302bfe9c246c6e150af70b1caaa5e3df60dac05. This wallet held 9,922,199,891 AMP, or 9.98% of the supply.
• 0x82c8f1b994a687f99d0f77b4588ae0d9ad1932a5. This wallet held 7,005,775,248 AMP, or 7.04% of the supply.
• 0xafcd96e580138cfa2332c632e66308eacd45c5da. This wallet held 4,924,174,722 AMP, or 4.95% of the supply.
• 0x415ad519711e601adfde7bc3cf856f1fdacd4b88. This wallet held 3,363,228,252 AMP, or 3.38% of the supply.

Fact Box

From the Whitepaper

In its technical documentation, or whitepaper , Amp describes itself as a universal collateral token designed to facilitate fast and efficient transfers for any real-world application.

‌”When using Amp as collateral, transfers of value are guaranteed and can settle instantly. While the underlying asset reaches final settlement, a process that can take anywhere from seconds to days, Amp is held in escrow by a collateral manager. Once the transaction successfully settles, the Amp collateral is released and made available to collateralize another transfer. It exists to serve as universal collateral for anyone and any project,” the Amp team said.

Amp (AMP) Explained

AMP operates as a decentralized digital collateral system . The goal of the project is to enable developers to provide verifiable assurance for any application or asset transfer. As such, the network employs various proprietary technologies to decentralize the risk of asset transfers for digital and real-world use-case scenarios.

How AMP Works

AMP crypto is a digital collateral token listed on Coinbase. It focuses on reducing interchange costs and preventing fraud in payment transactions. It can ensure the value of transfers even when unconfirmed, allowing vendors to still receive payment.

AMP Attention Tracker

Here is a chart for the Amp Google search volume for the past 90 days. This represents how many times the term “Amp AMP” has been Googled over the previous 90 days.

FAQs 

Disclaimer 

Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

About the Author

Giuseppe Ciccomascolo

Giuseppe Ciccomascolo began his career as an investigative journalist in Italy, where he contributed to both local and national newspapers, focusing on various financial sectors. Upon relocating to London, he worked as an analyst for Fitch's CapitalStructure and later as a Senior Reporter for Alliance News. In 2017, Giuseppe transitioned to covering cryptocurrency-related news, producing documentaries and articles on Bitcoin and other emerging digital currencies. He also played a pivotal role in establishing the academy for a cryptocurrency exchange website. Crypto remained his primary area of interest throughout his tenure as a writer for ThirdFloor.

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