AMP price has already provided year-to-date gains of about 1,700%, but recent developments could boost its price further.
Amp provides a platform for collateralising asset transfers through a system of collateral partitions and collateral managers. Its cryptocurrency AMP can be staked to a partition to guarantee any form of value exchange and effectively decentralise the risk of asset transfer.
AMP is seeing a lot of investor interest at the moment and is currently the ninth most-visited coin on CoinMarketCap. After dipping to a low of under $0.03 in May, AMP price hit an all time high of $0.12 yesterday, having surged 25% in the last 24 hours and 110% in the last week.
— Michael Quinn (@enmymike) June 15, 2021
Where can I buy AMP?
eToro is a multi-asset investment platform with more than 2000 assets, including stocks, ETF’s, indices, commodities and Cryptoassets. eToro offers over 14 Cryptoassets to invest or invest in their CryptoPortfolio where investors can benefit from the accumulated growth of Bitcoin, Ethereum, XRP, Litecoin and other leading cryptocurrencies. eToro users can connect with, learn from, and copy or get copied by other users.
CAPEX.com is an awarded fintech brand, globally recognized for a strong presence in shaping the future of trading. The company focuses on making the markets more accessible & transforming the way people trade online.
Why AMP could be a good price right now
AMP is used to facilitate instant payments by payment network Flexa, which is already integrated with a wide range of stores. One of Flexa’s partners is Shopify, which is currently rolling out its payment features to all Google and Facebook merchants, a move that will potentially buoy AMP price further.
AMP also received a Coinbase listing last week, introducing the coin to a large audience of new investors, as seen in its trading volume which is up 81% in the last 24 hours. The price of AMP has seen an increase of 1,700% so far this year, and with these latest developments, there could still be plenty of room for growth.