AMP Price Prediction 2023-2030. Will AMP Reach $1, 50 Cents?
|Metric||Last 24 Hours||Trend|
|Net Social Media Sentiment||14.3%||Lower|
The Ampera Foundation launched its Ampera protocol testnet on Ethereum on August 18, 2023, with a select group of community testers. Based on estimates, the testing and final audits are expected to take around 4-5 weeks, after which the mainnet will likely launch. However, these are assumptions and the exact timeline might vary depending on the test results and audit findings.
AMP Crypto, Buy or Sell? Crowd Poll
- August 1st: Buy: +83.3%
- September 1st: +89.7%
- September 6th: +91.3%
- September 11th: +92.0%
AMP Price Prediction: Is AMP Crypto A Good Investment?
AMP crypto solves a simple problem. It acts as collateral during the period it takes to complete any crypto-based financial transaction. Unlike Credit Cards where payments are almost instant, crypto transactions can take minutes to hours depending on blockchain capacity and fees. AMP resolves the insecurity during the period the transaction gets confirmed.
AMP crypto is a collateral token that uses the staking method to offer securing of any type of asset users want to transfer, such as digital payments, fiat currency, loan distributions, and proceeds from property sales.
Flexa’s payment authorization is only made possible because of AMP tokens. On the Flexa network, users can stake AMP to provide collateral that guarantees payments to the merchants. In simple words, AMP crypto is used to reward those who provide collateral with AMP tokens for each payment transaction.
AMP was recently delisted from BinanceUS exchange but AMP has been listed on multiple crypto exchanges, giving the investors options to make investments in AMP.
Is AMP Crypto A Good Investment: Advantages of AMP
Not just crypto, AMP can secure any type of asset users want to transfer, such as digital payments, fiat currency, loan distributions, and proceeds from property sales. The ecosystem of AMP is expanding. Its collateral services are used by crypto.com, Flexa, Coinbase, Sushi, Uniswap, Gemini, etc.
One of the biggest advantages of investing in AMP is that it has a fixed supply that is around 100B. Currently, the circulating supply is around 42% of the total supply. With supply being fixed, no new AMP tokens will be created in the future, therefore, AMP token supply is sure to decrease, and in the future, if demand increases there are chances of demand outperforming supply which will, in turn, lead to AMP’s price rise.
AMP’s price deterioration began in June 2021 much before the rest of the Crypto market crashed. It may have to do with two factors. The strong competitors in this space
- Lightning Network
While Flexa (owner of AMP) has performed well, it hasn’t scaled up at the pace that would justify the super-high market cap of AMP in 2021. Further, it has multiple challenges ranging from strong competition and delisting in many exchanges in the US.
The following four are the primary use cases of AMP crypto:
- AMP crypto can be used to trade with other cryptocurrencies or fiat currencies.
- AMP tokens are used to collateralize payments on Flexa Network.
- Users can stake AMP tokens to earn rewards.
- AMP tokens can be used to participate in the platform’s governance by participating in the voting mechanisms.
Performance so far:
- Year to date (2023): -43.4%
- Last 12 months: -78.0%
- Since launch (2020): -81.8%
AMP Crypto Price Prediction: Evaluation of AMP Crypto
We evaluate the future of Tokens and Blockchains on 7 primary criteria – Use Cases, Differentiation, Execution, Leadership, Community, Macroeconomics, and Other factors like Burn. Here is how we have rated AMP Crypto
- Use Cases
- AMP Crypto has a good use case given the problem with payments using cryptocurrency. However, the Use case is very narrow and many consumers do not have the insecurity of payments not going through. We rate this 7/10
- Differentiating factors
- Unfortunately for AMP Crypto, it isn’t substantially differentiated from its lead competitors even if its method of execution is different. We rate this 4/10
- AMP Crypto has done a pretty good job of execution so far, we rate it 7/10
- Organization Leadership
- AMP Crypto leadership has been average given how the price has moved lower over the last few months and the leadership has literally not been able to do too much about it. We rate the leadership 4/10
- Strong Community
- AMP has not built or nurtured a strong community, we rate it 3/10
- FavorableMacroeconomic Conditions
- Numerous parallel crises at the moment could jeopardize an AMP move higher – The rise in crude prices, likely rise in inflation, and worsening of the economic crisis in Europe and China. There isn’t much that traders or investors can do about this. We rate it 4/10
- There is no active Burn program we are aware of. We rate this 1/10
- AMP Total Score-30/70
- Ethereum Total Score-47/70
AMP Crypto Price Prediction: Key Performance Metrics
- Total Number of Holders: 94,614 (Rising)
- Flexa Capacity TVL: $43.3 Million (TRENDING Lower)
- AMP Staked on Flexa has FALLEN from 24.6B $AMP to 23.7B $AMP in the last 30 days
Will AMP Reach $1 and by when Can AMP Reach $1?
In order for AMP to reach $1, it would need to increase by a factor of 426. At $1, AMP’s Market Cap will be $42 Billion. If AMP were to grow at a rate of 25% each year, it would take about 28 years to reach $1. Let us evaluate this data
- Quality of Investment- Moderate
- Growth required to reach $1- Feasible (Example: Bitcoin was priced at $0.1 in October 2010. 12 years later, It is 22000 times higher)
- Market Cap at $1- Not Feasible
- Time required to reach $1 if AMP were to rise at 25% per annum- Not Feasible
Considering the criteria Quality of Investment, growth required, and time required, AMP has a low chance of reaching $1.
Looking at all the data, it looks difficult for AMP to reach $1. AMP will need to burn about 75% of the Tokens to reach $1
AMP Crypto Price Prediction: Will AMP Reach 50 Cents?
While $1 looks very difficult, 50 Cents is moderately feasible. However, a burn of about 50% would make it very easy for AMP to reach 50 cents.
AMP Coin Price Prediction Today, Tomorrow and Week
- AMP Crypto Price Prediction in the next 24 hours is between $0.00165 and $0.00168
- AMP Crypto Price Prediction this week is between $0.00162 and $0.00173
|1. Market's Wisdom||Bearish|
|1a. Market Data||Partially Bearish|
|1b. Technical Recommendation||Sell|
|2. Crowd's Wisdom||Neutral|
|2a. Social Media Buzz||Higher|
|2b. Social Media Sentiment||Lower|
AMP Price Prediction 2023-2030, Aggregated
- AMP Crypto Price Prediction 2023 is $0.00197
- AMP Crypto Price Prediction 2025 is $0.00713
- AMP Crypto Price Prediction 2030 is $0.0497
Will AMP Crypto Explode?
AMP’s price has been declining over the past month. Although it experienced a brief peak during this period, it has mostly been on a downward trend. Moreover, the previous year was also unfavorable for AMP crypto.
As a result, given the scarcity of recent development updates, the likelihood of a significant price surge seems quite low unless the team introduces something highly valuable for the cryptocurrency community.
How To Buy AMP Crypto?
The following are the steps to buy AMP crypto from a crypto exchange:
- The first step is to create an account on the chosen exchange (such as Binance, Coinbase etc).
- The second step is to select the way you want to purchase AMP crypto i.e., using fiat or other cryptocurrencies.
- The third step requires trading the AMP from the website (of the crypto exchange chosen earlier).
- The last step includes the storage of AMP crypto either on the crypto exchange or crypto wallet.
Where Can I buy AMP tokens?
- Coinbase Exchange
How high will AMP go?
The AMP crypto is currently priced at $0.0034 and is expected to reach as high as $0.02 by the end of 2025, meaning that AMP is expected to increase by 83% by then.
However, the major driving factors for AMP’s price will be the macroeconomic (including inflation) and liquidity conditions of the market. AMP crypto can be expected to rise once the market conditions turn out to be in favor of cryptocurrencies.
Where Can I buy AMP crypto?
AMP cryptocurrency can be purchased on numerous CEXs and DEXs, such as Binance, Coinbase, KuCoin, Bittrex, Huobi, Gate.io, Uniswap, and Sushiswap.
Will AMP go up?
AMP’s future price is highly dependent on the macro and micro economic factors including liquidity, and inflation.
- Binance Price Prediction 2023
- Smooth Love Potion Price Prediction
- Biconomy Price Prediction
- Fetch.ai Price Prediction
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.