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AMP Price Hikes 17.8% at $0.1044 – How to Buy AMP

AMP is quite an interesting token for crypto investors because of its considerable gains. This week, AMP has been on a bullish rally and its gains do not seem to be stopping anytime soon amidst increasing demand from investors. At the time of writing, AMP was trading at around $0.104437 after a 17.8% gain.

AMP Price Analysis

AMP Price Analysis 16 June
Source: TradingView

AMP has just broken out of a low resistance level after reaching $0.1044. The breakout past the $0.0989 has created a new high for the token, which may trigger a bullish rally, hence triggering the price for an upward price movement. However, AMP still needs to maintain its new level past $0.10, because can disrupt the token’s gains.

With AMP’s recent gains, it will create a record as the token that managed to recover its ATH in 2021 after the massive loss in the crypto market in mid-May. Since mid-January, coin gas gained by more than 1000% and investors believes there is still room for more growth.

However, the forecasts for AMP do not seem very strong about the token’s future. DigitalCoinPrice has estimated the price of AMP to reach around $0.21 by the end of 2021. Another more positive review of the token on Reddit claimed that the coin may reach $1 by the end of the year. Nevertheless, there is potential for the token gaining beyond the predictions.

AMP was recently added to Coinbase as one of the tradable tokens and this could boost the value of the token as its trading volumes increase.

The other aspect that may boost the value of the token is increased adoption, derived from the purpose on which its ecosystem was created. According to AMP’s whitepaper, the crypto can be used as collateral to facilitate low payment fees and prevent fraud. If its ecosystem is adopted fully, it could help alleviate the major problem faced by the crypto sector, which are facilitating safety and usability.

AMP’s gains this week were attributed to bitcoin, after the largest cryptocurrency in the market touched $40K after a long time. The altcoin that gained the major boost from bitcoin’s recovery was AMP where it gained by over 30%.

Where to buy AMP

If you want to buy AMP, the best and safest place to do so is from a crypto exchange. The most recommended exchange are:

  • eToro

eToro is a recommended exchange for new traders who are looking for a user-friendly exchange. The exchange offers a demo account that will allow you to practice crypto trading. Besides, it allows you to copy trade seasoned traders to increase your chances of making profits.

  • Coinbase

The other popular exchange for AMP trading is Coinbase. Coinbase offers a wide selection of cryptocurrencies to choose from, making it perfect if you want to diversify your portfolio by investing in altcoins.

Looking to buy or trade Crypto now? Invest at eToro!

75% of retail investor accounts lose money when trading CFDs with this provider

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