As dozens of cryptocurrencies emerge at the market and crypto giants experience price fluctuations, crypto-devotees are consistently looking for a profitable asset. There is one crypto project gaining lots of attention and bearing enthusiasm into investors’ minds – AMP. In this article we will take a look at at AMP’s future, exploring AMP price predictions for the years ahead and understanding is AMP really a good investment?
What is AMP?
AMP is an ‘extensible platform for collateralizing asset transfers’ built on the Ethereum network. To put this into plain English, AMP allows for any form of digital value exchange to be done securely and in a decentralized manner.
The AMP token makes it possible by collateralizing payments so they are instantaneous yet secure. This helps investors reduce wait time for transactions, especially on blockchains like Ethereum which may have a large memory pool of transactions waiting to be completed.
AMP Price Prediction 2021: How It Was?
AMPs price prediction is based upon one major factor: AMP is a non-inflationary token, meaning there will only ever be 92,547,638,199 tokens in circulation. The more AMP that is used as collateral, the more positive price pressure will persist increasing the AMP price for the long-term.
Consequently, if AMPs adoption slows down, that may negatively affect the price in the future. However AMP is putting key partnerships in place to ensure this is not the case!
So how did AMP perform in 2021, relative to its price prediction. AMP closed on December 31st at $0.049, up from $0.006 at the start of the year; an 8x gain! It’s all-time-high was reached in June hitting almost $0.12.
Most bullish predictions expected AMP to hit $0.10 which it exceeded during last year’s bullish cycle. Since, AMP has dropped over 50% but remains at levels consistent with price predictions from last year. Many believed to wait until 2022 for AMP to hit $0.05.
However as we delve deeper into 2022’s continued bearish market cycle, AMP has declined to 0.023, down over 80% of its 2021 ATH.
AMP Future Price Prediction
So what do analysts predict is the future of AMP and its price?
AMP Price Prediction 2022
Starting the year off strong with an opening price of $0.049. Since then, AMP has declined to current lows of $0.023, its lowest price in over a year.
According to CPF, analysts predict AMP to reach $0.06 by the middle of the year and moon to near all-time highs of $0.11 by year end. From current prices, this would entail a gain of over 4x for current investors.
AMP Price Prediction 2023
Moving onto next year, AMP is expected to surpass its ATH of $0.12 but not by much!
Its year end predicted price is $0.13 based on CPF.
Many believe this price prediction to be overly conservatice. However, it’s good practice to be conservice when predicting cryptocurrency prices as you really don’t know what is going to happen.
A closing price of $0.13 for AMP in 2023 would give investors now a return greater than 6x, nothing to brush off.
AMP Price Prediction 2025
For 2025, CPF has predicted a year-end close of $0.22, granting a gain of over 800% from current prices, removing a zero from the price.
AMP Price Prediction 2030
As the oldest cryptocurrency, Bitcoin, is about to turn 16, predicting prices only 8 years into the future is incredibly hard!
Analysts at CPF have predicted a 2030 year-end close for AMP of $0.41, a whopping 1,649% return from current prices.
Although this may seem conservatice, recognizing the massive gain that is 1,649% and how long that would take to make in traditional investments proves the potential of AMP.
AMP Price Prediction 2040
A prediction for 2040 is so far down the road that almost no one is making predictions. If AMP as a project was to survive this long it would be assumed that the crypto-sphere, and it’s main tokens, would be extremely different and the total capitalization of the crypto market would have exploded from current amounts.
If we take inflation into account, we could see AMP reach $5 by 2040.
AMP Future Price Prediction Reddit
As is assumed from Reddit, the AMP price predictions are extremely bullish.
On r/WallStreetBetsCrypto u/Ghost0fTheWeb predicted a 2023 AMP price of $0.41, which would mean a market cap of $20bn, a massive 20x jump up from current prices.
Will AMP Coin Reach $10?
For AMP to reach $10 with a fixed circulating supply mentioned above, it would have to absolutely explode over the coming decade. Priced at only $0.023c in April 2022, AMP investors would have to see a 434x from current prices.
At AMPs current market capitalization of $1bn, a $10 AMP price would take the project to almost half a trillion dollars in market cap.
To put that into perspective, if AMP had the market cap of Ethereum (the second largest cryptocurrency by market cap), AMP would still only have a price of $7.64.
Although not theoretically impossible, the crypto market as a whole would have to see massive adoption in order for AMP to gain this sort of price tag. Realistically, AMP holders should be looking at a long-term price of $1.
Is AMP a Good Investment?
At the current price, AMP is severely undervalued sitting in the top 100 coins by market cap. Its growth potential is massive with weekly partnerships being announced.
Overall, AMP should be at least a small part of your portfolio; even better if you can accumulate AMP under $0.05c and earn rewards from staking it!
It is likely for AMP to reach $1 in the distant future; that could grant you a 20x at $0.05c and a 40x at current prices.
AMP Exchange: How and Where?
Amp is widely traded across Centralized and Decentralized exchanges such as Binance, Coinbase, Gemini, Huobi, Uniswap and more. You should have no problem finding an AMP trading pair on your favorite platform. But in the meantime you may actually settle here at Swapzone, and that’s why.
One – we’ve already aggregated all the market stats for you and gathered very best offers in one user-friendly interface.
Two – we shortened the time needed for an exchange by eliminating any additional step, including KYC verification.
Three – we have dozens of crypto supported so that you could choose the most relevant asset to swap AMP with.
Let’s say you want to swap some BTC into AMP; simply follow these steps:
- Follow this link to Swapzone’s AMP exchange page.
- Scroll to the bottom of the page and select BTC under ‘You send’ and AMP under ‘You Get.’
- Press the blue exchange button.
- Fill out the details.
- Press proceed to exchange.
Done! And it’s never been simpler!