While most of the market is recovering, Amp price prediction is still not looking very bullish. After generating massive gains in 2021, the Amp coin has been in a severe downtrend since November 2021. The tensions in Eastern Europe and fears of quantitative tightening are both affecting the global markets. This has also affected the cryptocurrencies, as most are trading significantly below their 2021 ATH.
Latest AMP News
AMP token is the native token of the Flexa payment system. Flexa App allows merchants to receive payments in cryptocurrencies. Its in-built feature secures all the transactions by collateralizing AMP crypto. In this way, the merchants don’t have to worry about any failed transactions. Before moving on to our Amp price prediction, let’s look at the current adoption stats of the Flexa App.
As per the latest AMP coin news, it is trading at $0.028 and sitting at a market cap of $1.36 billion. This makes it the 92nd biggest cryptocurrency by market cap. Statistics from Dapp Radar depict that $771 million is locked on Flexa. The platform TVL also briefly hit $1 billion in February 2022. AMP coin is available as an ERC-20 asset on Ethereum. Let’s have a look at our AMP price prediction.
Amp Price Prediction
Amp price chart technical Analysis shows that the price is still in hot waters. While most of the cryptocurrencies have started to recover after bottoming out, Amp coin price is still lagging behind. The downtrend intensified when the price broke below the head & shoulders in January 2022. Although the AMP price bounced off the $0.02 level in February 2022, it failed to gain momentum. As a result, AMP crypto price is still 77% below its June 2021 ATH of $0.12.
Amp price needs to regain the $0.035 level very soon to attract more investors and aim for further upside. If it achieves this milestone then $0.083 could become a valid Amp price prediction for this year. However, the volume on the Amp price chart is still not satisfactory. Any lower low than February 2022 lows of $0.021 could make things very ugly for the Amp token. In such a case, the price could dip to as low as $0.01. This also throws any $1 price prediction out of the window.
However, until the SEC lawsuit remains hanging over the project's head, it will be difficult for AMP to garner prolonged bullish momentum, let alone rally to $1. Not to mention, the AMP price would need to increase by about 90x for the token's price to reach $1, which is an extremely unlikely scenario.
The current price on AMP coin is $ 0.00741581. AMP price could reach a high of $0.0185 by the end of 2024. With a potential surge, the price of Amp could reach a maximum of $0.0889 by 2030.
Our real-time AMP to USD price update shows the current Amp price as $0.0073 USD. Our most recent Amp price forecast indicates that its value will increase by 12.07% and reach $0.008038 by April 29, 2024.
If the price of AMP follows the current trend, experts of the crypto market believe that the price might be around 10 cents by the end of the year. And for AMP to reach $1, it might be around 2025-2027.
The average price target for Ameriprise Financial is $454.00. This is based on 11 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $500.00 ,the lowest forecast is $392.00.
According to our Amp prediction algorithm, the price of Amp will not reach $100. The highest expected price our algorithm estimates is $ 0.292133 by Jan 1, 2049.
Its ability to support sophisticated decentralised applications (dApps) while maintaining scalability is a significant driver for its potential explosion in 2024. As developers and financial markets look for efficient blockchain solutions, Solana stands at the vanguard of possible bull market trends.
Digital Coin Price suggests that, based on current trends and market capitalization, AMP has a good chance of reaching $0.0113 by 2025, positioning it as a promising investment option. Coin Arbitrage Bot predicts that AMP could reach approximately $0.004826 in 2023 and potentially reach $0.016873 by the end of 2025.
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