AMP is a digital collateral token with the intention of providing instant, secure, and fraud-proof transactions. To provide such features, AMP is integrated with the Flexa network to enable merchants to make crypto payments seamlessly.

Global cryptocurrency adoption, growth of DeFi, and international regulatory clarity are the main factors determining the AMP token price trend.

The current price of the AMP token is $0.004530, with a current valuation of $366 million.

AMP's short-term forecast targets a maximum price of $0.0069. Furthermore, AMP price prediction 2024 expects a run to $0.01068.

The AMP price prediction for 2030 expects global adoption to push the price of AMP to $0.6858, making it a potentially good investment.

AMP is a digital collateral token that is making waves in the crypto market. With a market cap of $366 million, it is among the top 200 crypto projects focused on ensuring instant and fraud-proof transactions. This AMP cryptocurrency price prediction article will talk extensively about the price trend of the AMP token from 2024 to 2050. We will use both technical and fundamental analysis and take a deeper look at the current sentiments in the crypto market. This will help us determine the potential growth trajectory of the AMP price with its Flexa network integration. So, without further ado, let’s get to our latest AMP price prediction.

AMP Overview

AMP is an open-source decentralized protocol that was launched in 2020. The native AMP token is an ERC-20 token that helps the platform provide instant digital collateral as a service. The AMP ecosystem is built to provide secure and efficient transactions at the grassroots level. The key feature of the AMP cryptocurrency with the integration of the Flexa network is to help merchants accept digital payments seamlessly.

The network aims to provide a platform to drive global adoption of digital payments. The Flexa network and the integration of the AMP token provide retail merchants with insurance against fraudulent activities. By staking AMP tokens, users can provide collateral that acts as a guarantee of the transaction value.

The staking period is indefinite until the transactions are finalized on the blockchain. This mitigates payment processing risk and provides security against fraudulent activities. Additionally, it also increases transaction speed while building trust between users and merchants.

The integration streamlines digital transactions, promoting the widespread adoption of cryptocurrencies in everyday local transactions. As a larger group of merchants and consumers adopt the secure and efficient decentralized crypto solution, AMP has the potential to mainstream the acceptance of digital assets or currencies.

Historical AMP Performance

AMP's current price is $0.0102, and its market cap is $365.37 million. The AMP token price is currently trading at a whopping 96.26% discount to its all-time high of $0.1211. This highest AMP price was recorded in the 2021 bull run on June 16.

AMP's all-time low of $0.0007946 was recorded on November 18, 2020.

On the weekly chart, the current AMP price action shows an increase in bullish momentum, preparing for a range breakout. After the massive rally in late 2023 and early 2024, accounting for a price jump of almost 800%, the pullback in the AMP token price is now retesting a crucial level.

The bull run started at $0.001465 and peaked at $0.02429. However, the price quickly lost bullish momentum, resulting in a pullback to $0.003568. This price mark coincides with two crucial support levels, which are the 23.60% Fibonacci level and the demand zone near $0.0036.

Therefore, historical performance shows underlying demand absorbing incoming supply to turn price fluctuations into a sideways trend.

During the consolidation, the underlying bullish sentiments resulted in a divergence in the relative strength index. Over the past two weeks, the price has increased by almost 35% to challenge the resistance level of the consolidation range at $0.004535.

However, the higher price rejection keeps the AMP token price within the range. However, the two consecutive bullish candles crossed the 20-week EMA line and challenged the 50-week EMA.

With the broader cryptocurrency market recovering, AMP price prediction predicts a bullish breakout.

Based on the Fibonacci levels, the breakout rally is likely to challenge the 50% or 61.80% Fibonacci levels, which are at $0.009654 and $0.001506. Therefore, the breakout rally will have a chance to surpass the $0.10 psychological mark.

On the other hand, a bullish failure is likely to retest the 23.60% Fibonacci level at $0.003568.