10/4/2023 0 Comments Amp crypto price prediction![]() Having said that, the weekly chart still shows a net downtrend, with the first resistance level currently around $0.027, next to the sloping blue line. The idea being there is not enough sentiment in the market to keep pushing for larger price swings as the market stabilizes. But looking at the weekly chart below, with the Y-axis in percentage points, we still see how price movements are shrinking even in percentage terms.Ī shrinking price range for highs and lows may signal a weakness in the current trend. Of course, as the price decreases the points moved for each week will also decrease. That equals a loss of 92.5% from its peak back last July 2021.įrom the above chart, we can see how over the past several weeks the candles are getting smaller. Over those 6 months, we can see from the weekly chart below that AMP price fluctuated greatly with high peaks and shallow troughs.īut it’s the beginning of 2022 with the general demise of Bitcoin and most major digital currencies, that sees AMP price fall to current levels around $0.0092. In June 2021 it touched its all-time high at $0.123 and continued with a very bumpy ride throughout 2021. Technical AMP Crypto Price PredictionĪMP crypto price has not had a very happy ride since its recent appearance in the crypto world. However, it plays a fundamental role in the acceptance of crypto coins as an asset and therefore wider acceptance by the general public. Interest from the institutional investing world does not create demand for AMP directly. In the meantime, Fidelity has already launched a crypto fund in Canada which is also eligible for TFSAs and RRSPs, the Canadian equivalent of IRAs and 401(k)s. Although they may find a way to get their crypto fund started at some point. For now, the asset manager is facing resistance from the SEC. This type of commitment from a major international bank is good news for Bitcoin and its peers.įidelity Investments has already filed a request to set up a fund for crypto investing. However, they also mentioned in the same statement that they were changing their preferred alternative asset from real estate to Bitcoin. The news hasn’t had much of an effect on Bitcoin’s price for now. ![]() ![]() ![]() Recently we heard of JP Morgan stating they saw Bitcoin as undervalued by 28%. But their involvement will also depend on how wide the acceptance of cryptocurrencies stretches.Īnd the participation of institutional players in the adoption of cryptocurrency as an asset class will play a big role. The demand for AMP crypto will depend greatly on how many vendors and companies adopt crypto payments in their businesses. List of well-known companies adopting Crypto.Īs you can see the list is extensive, and these are the ones we found for now, not to mention the many SMEs that accept cryptocurrencies. In fact, a survey from HSB shows that 36% of small companies accept cryptocurrencies for payments. And we have seen many vendors accept payments in various cryptocurrencies.Īs of writing, we have produced a list of merchants who accept cryptocurrencies as payments: The list is not all-inclusive, as so many private merchants and companies do accept Bitcoin and other cryptos. This factor seems to have increased slightly over the past two years as one South American country has adopted Bitcoin as legal tender. For AMP to have a higher chance of seeing higher values the adoption of crypto payments must also increase. Clearly, the more AMP is adopted the more likely its price will rise. ![]() The increase in the rate of use of AMP and its price are highly correlated. Let’s be clear, we are not offering any investment advice, and the objective of the article is purely for educational purposes. The process allows merchants to receive the amount they require while allowing clients to use digital money to make purchases. Flexa is mobile-based, so all that the vendor needs is a QR code. AMP holders contribute to the system by staking their AMP tokens which allows them to earn rewards. The AMP token seeks to solve this problem by offering AMP as collateral in transactions. While merchants often shy away from using Bitcoin as a method of payment, as large fluctuations in price can mean merchants receive less cash than they bargained for. The idea is to offer an alternative payment system to regular fiat money. AMP is a cryptocurrency token on the Flexa blockchain network, whose goal is to facilitate transactions for merchants using digital currency. ![]()
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