![]() WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. All Rights Reserved About Us | Contact Us | Terms of Service | Privacy Policy The RSI rose 34 percent in the past day, suggesting that many investors have caught wind of AMP’s rally and are buying in.Ĭopyright ©. With a relative strength index (RSI) of 74.04, AMP is fast approaching its overbought levels. However, investors might want to beware of AMP. The AMP price is currently above its 50-day exponential moving average (EMA) of $0.053 and the 20-day simple moving average (SMA) of $0.069. The asset is up 15 percent over the past day, and it has benefited from the current market recovery. With the AMP price riding an all-time high, it’s easy to jump in and buy AMP now. In a press release, Sheetz confirmed that it had started accepting crypto payments thanks to a partnership with Flexa.Ĭryptocurrencies accepted include Bitcoin, Ether, Dogecoin, Litecoin, and more.Īlso, the digital currency payment option will be available for in-store items and gas pumps at over 600 outlets across different states. Last month, Sheetz, a convenience store, announced that it had started accepting digital currency payments at its location. There is also the increased adoption of Flexa. GTC and MLN also saw price jumps on the back of the Coinbase listing, but their surges weren’t quite as sustained as that of AMP. So, it appears that AMP has benefited from the fabled “Coinbase Effect” – an expected jump in price that an asset sees when Coinbase lists it. None of these exchanges has the credibility of Coinbase. According to the asset’s CoinMarketCap data page, some of the other exchanges include Gate.io, Bibox, Uniswap, and ZB.com. ![]() The AMP listing began last week, along with Gitcoin (GTC) and Enzyme Token (MLN).Ĭoinbase has now become the first major exchange where investors can buy AMP. The rise has been pinned to the asset’s listing on major exchange Coinbase. Over the past five days, the AMP price has jumped by 50 percent. AMP is valued at $0.094 per token – a 370 percent increase from its May lows. Its recovery has been quite sporadic from there. The AMP price tried to weather the storm, although it dropped drastically on May 6 and bottomed out at $0.02 on May 23. When the May downturn hit, AMP was at a high of $0.069. Then, another consolidation began, which ended in May. The asset’s price began an uptrend in early February that ended with it crossing $0.05 for the first time. Investors who wanted to buy AMP were unable to find it on any of the major exchanges, leading to significant credibility damage.ĭespite the buying difficulty, there was still some belief in AMP. This was primarily due to the difficulty of purchasing it. While January brought gains, AMP was still unable to crack $0.01 until February. The asset had spent the last three months of 2020 dropping even further than its listing price, and the AMP price fell as low as $0.006. AMP Price Movements in 2021ĪMP started 2021 on a mixed note. Looking to buy Amp (AMP) now? Invest at eToro!ħ5% of all retail investor accounts lose money when trading CFDs with this provider. When it was listed, the token had a value of $0.01. As long as the Flexa network attracts users and patrons, AMP should see increased adoption.ĪMP was created last year, and it officially started trading activities in September. It is an Ethereum-based token that backs payments on Flexa, meaning that AMP collateral can be liquidated to cover costs if a Flexa payment fails or takes too long to be confirmed.ĪMP has a significant use case. An Introduction to AMP CoinĪMP is a token that was built to collateralize payments on the Flexa payment network. Below, we look at AMP, its possible use cases, and what might have been responsible for the current rally. However, increased volatility in the markets might also discourage them from doing so. The altcoin has been performing quite well, and there has been a notable spike in the AMP price over the past few days. Investors who specialize in picking altcoins might want to buy AMP and ride this wave. The content on this page is for information purposes only.ĪMP Coin appears to be one of the biggest movers this week. Please note that we are not authorised to provide any investment advice.
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