Amp Price Prediction – Will AMP Hit $0.1 in 2021?

This AMP Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our AMP price analysis and prediction.

Amp (AMP) is one of the most active cryptocurrencies that took the crypto world by storm this year. To be specific, the crypto was able to achieve an all-time-high price of $0.121 last June 16, 2021. This amazing performance of AMP enables the network to attract crypto investors around the world.

Furthermore, aside from its aggressive performance this year, AMP enables its users to earn more AMP tokens. In particular, the network rewards its users with AMP tokens by simply allowing seeding after every torrent file download. Best of all, all the reward tokens earned from the torrent file seeding will automatically be stored in the user’s wallet.

In this AMP price analysis and price prediction, we take a look at the performance of AMP if it will reach $0.1. But before that, let us learn more about what Amp (AMP) is and its current position in the crypto market.

What is Amp Token (AMP)?

Amp is explained as the new digital collateral token providing instant, verifiable assurances for any type of value transfer. Moreover, with AMP networks like Flexa can fastly and irreversibly secure transactions for a huge type of asset-related use cases.

Moreover, AMP claims to provide a straightforward but versatile interface for verifiable collateralization via a system of collateral partitions and collateral managers. Even more, the collateral partitions could be designated in order to collateralize any account, application, or even transaction, and carry balances that are directly verifiable on the blockchain of Ethereum, collateral managers are smart contracts that could be locked, released, and redirected collateral in the partitions as required in order to support value transfer activities.

Furthermore, Amp supports a huge range of use cases for collateralization, and also introduces the concept of predefined partition strategies, which could enable special capabilities like collateral models through which tokens can be staked without ever leaving their original address.

AMP Current Market Status

AMP remains to be one of the most aggressive cryptocurrencies nowadays. According to CoinMarketCap, the AMP price is $0.0668. Notably, AMP was able to record a decreased rate of almost -5.4% in the last 24 hours.

In terms of its market standing, AMP market capitalization amounts to almost $2,823,812,633 with a 24-hour trading volume of over $177,377,675. As a result, the crypto ranks as one of the top 50 cryptocurrencies in CoinMarketCap. With all these achievements, we can say that AMP has come a long way in developing its technology throughout the years.

Now that you already have an idea about what AMP cryptocurrency is, do you think AMP is a good investment this 2021? If you are already excited to know, come, and together let us check this AMP price analysis and price prediction article.

AMP Price Analysis 2021

So far, AMP has been defending its market position well against the bearish market wild volatility. Is it enough to convince the global investors that AMP can rise and be profitable crypto this year?

Are you already interested to know? Therefore, what are you waiting for? Join me and together, let us see the charts in this CoinQuora price analysis.

In the chart above, which is set in a daily time frame, we can see the Ascending Channel Trend pattern. A descending channel is the price action that takes place in an upward direction through a sloping parallel line. More so, the chart shows the Higher Highs and Higher Lows from this price pattern. Moreover, this pattern represents a short-term bullish.

As shown above, at the beginning of this month, AMP turned from its bear to bull trend. This is the result of the high trade volume that occured in that period.

Furthermore, theRelative Strength Index (RSI) is at 58.24, which means that AMP is in a nearly oversold state. As a result, this may lead to a price reversal at any given time.

Let us also look down for the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) of AMP.

AMP is one of the potential cryptocurrencies this year. Since the start of 2021, AMP’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by fluctuations and corrections right away.

AMP Price Prediction 2021

Currently, AMP holds 32nd place on CoinMarketCap. Would the market performance be enough for AMP to maintain its bullish position in 2021? Are you excited to know the results? Well, what are we waiting for? Let’s get to the bottom of it in this AMP price prediction 2021.

In the short-to-mid term scenario for our AMP price prediction 2021, AMP has to break past the retracement level at $0.086. To do this, it has to establish more support at the Fib level at $0.075. If not, bears may gain the upper hand and drag AMP to their territory.

Meanwhile, our long-term AMP price prediction for 2021 is bullish. Even more, it has a high possibility of reaching a new all-time high this year. However, that will only happen if it breaks past a number of psychological resistances.

Amp Price Prediction 2022

If this bullish trend continues, AMP will reach $0.095 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $0.12. Then this rise will slow down, but no major falls are expected. With upcoming, partnership, and developments reaching $0.095 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Amp Price Prediction 2023

The price of AMP can move even great heights, however reaching $0.15. Moreover, this is possible only if the market maintains its bullish trend. In addition, only if the cryptocurrency AMP breaks past the psychological resistance level.

Amp Price Prediction 2024

As per the latest upgrades, developments, AMP price prediction, and new project forecasts of the platform. Moreover, this might boost the price of AMP in the crypto market, and it will be the best investment as the price can spike and reach around $0.25.

Amp Price Prediction 2025

In the next four years, AMP prices could race up to $0.35. However, reaching this level could not be so difficult for AMP as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that AMP has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Conclusion

AMP has a bright future ahead of it in 2021. With ongoing developments happening within the AMP ecosystem, as well as in the overall crypto market, we may see AMP reach new heights.

Even more, the bullish AMP price prediction for 2021 is $0.086. As said above, it may even reach a new ATH if investors have decided that AMP is a good investment in 2021 along with mainstream cryptocurrencies like Bitcoin and Ethereum. Moreover, it has a chance to reach $0.1 in the latter parts of this year as well.

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Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.