While most of the market is recovering, Amp price prediction is still not looking very bullish. After generating massive gains in 2021, the Amp coin has been in a severe downtrend since November 2021. The tensions in Eastern Europe and fears of quantitative tightening are both affecting the global markets. This has also affected the cryptocurrencies, as most are trading significantly below their 2021 ATH.
Latest AMP News
AMP token is the native token of the Flexa payment system. Flexa App allows merchants to receive payments in cryptocurrencies. Its in-built feature secures all the transactions by collateralizing AMP crypto. In this way, the merchants don’t have to worry about any failed transactions. Before moving on to our Amp price prediction, let’s look at the current adoption stats of the Flexa App.
As per the latest AMP coin news, it is trading at $0.028 and sitting at a market cap of $1.36 billion. This makes it the 92nd biggest cryptocurrency by market cap. Statistics from Dapp Radar depict that $771 million is locked on Flexa. The platform TVL also briefly hit $1 billion in February 2022. AMP coin is available as an ERC-20 asset on Ethereum. Let’s have a look at our AMP price prediction.
Amp Price Prediction
Amp price chart technical Analysis shows that the price is still in hot waters. While most of the cryptocurrencies have started to recover after bottoming out, Amp coin price is still lagging behind. The downtrend intensified when the price broke below the head & shoulders in January 2022. Although the AMP price bounced off the $0.02 level in February 2022, it failed to gain momentum. As a result, AMP crypto price is still 77% below its June 2021 ATH of $0.12.
Amp price needs to regain the $0.035 level very soon to attract more investors and aim for further upside. If it achieves this milestone then $0.083 could become a valid Amp price prediction for this year. However, the volume on the Amp price chart is still not satisfactory. Any lower low than February 2022 lows of $0.021 could make things very ugly for the Amp token. In such a case, the price could dip to as low as $0.01. This also throws any $1 price prediction out of the window.