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AMP Price Rises 24.1% to $0.1179 After Significant Gains – How to Buy AMP

The price of AMP has been phenomenal this week and the token has broken out of the crash and is now reaching an all-time high. The development comes as other altcoins are struggling to retain their high prices after the crash. At the time of writing, it was trading at 24.1% to reach $0.1179, after a week that has been going quite well.

AMP Price Analysis

AMP started the year with significant gains. However, it was not until February that coin managed to clock $0.10. In the first few months of 2021, the token was unable to reach any significant gains because it was not available on major exchanges. By the time the May market crash was happening, token had reached $0.069 but dropped sharply to $0.02 on May 23.

Since May 23, token has made significant gains and it has gained over 300% since the May crash. In the past six days, AMP has gained by around 50% after listing on a major exchange, Coinbase. After the listing, it looks like AMP reacted to the infamous ‘Coinbase Effect.’

AMP Analysis 17 June
Source: TradingView

With spiking to new heights each day, many investors are jumping in to purchase as they wait for prices to increase by significant percentages. However, investors need to remain cautious because the token may soon reach overbought levels, which may lead to a sharp price correction.

AMP was created by Flexa, a payment merchant program in 2020. Currently, the network has been adopted as collateral for over 25 digital assets. Some of the institutional investors who have invested in the protocol include the US cryptocurrency fund, Pantera Capital.

In February 2021, AMP was listed on C.R.E.A.M. Finance where holders would allow holders to earn interest through staking. C.R.E.A.M. also allowed its community to use it as collateral for loans. Users could borrow a maximum of 45% of its value.

On May 10, AMP was also listed on Yield, a platform that enables lending and borrowing affiliated with digital assets. Another great development for AMP was on May 12 where it launched the first Upfront Flashstaking Offering (UFO) in which users could stake Flash crypto for a time and earn AMP tokens.

Where to Buy AMP

If you want to purchase AMP, you need to look at these exchanges:

  • eToro

The first exchange to pick for buying and selling tokens is eToro. The exchange offers new beginners a set of amazing features to help them learn more about crypto investing. The exchange offers a demo account and copy trading to learn from seasoned traders.

  • Coinbase

Coinbase is one of the largest exchanges that offer AMP trading. It creates high liquidity for the token, given that it has a large user base. Coinbase also offers competitive trading fees and a number of user-friendly features.

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

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