AMP price prediction 2024-2030: Is AMP a good investment?

Key takeaways

• AMP price predictions hint at a maximum price of $0.0044 by the end of 2024 while maintaining an average price of $0.0041.
• In 2027, the price of AMP will range between $0.0118 and $0.0148, with an average price of $0.0123.
• In 2030, AMP will range between $0.0360 and $0.0434, with an average price of $0.0373.

Amp (AMP) is a decentralized collateral token facilitating fast and secure payment transactions on the Flexa network. Amp’s purpose is to enhance the adaptability of cryptocurrencies for day-to-day payments by addressing the issues of potential fraud and slow-speed transactions of typical cryptocurrencies. Amp also helps users stake tokens without physically transferring them to a smart contract. This function makes Amp suitable for any form of value exchange, including digital payments, traditional currency exchange, loan distributions, real estate transactions, and more. 

Will AMP reach new heights with more adoption as the number of users increases on the network? Let’s get into the Amp technical analysis and predictions.

Overview

AMP price prediction: Technical analysis

AMP price analysis: Cryptocurrency devalues to $0.00376 amidst descent

TL; DR Breakdown

• AMP price analysis shows a downward trend at $0.00376.
• Coin value has declined by 1.44% from its previous close.
• Cryptocurrency seeks resistance around the $0.00398 border.

On August 21, 2024, AMP price analysis revealed a downward trend for the cryptocurrency. Coin value is at $0.00376, and has descended up to 1.44% at the time of writing. There are low chances of reversal in the current market events. This descending movement is indicative of a bearish trend, as the sellers are putting in efforts to retain victory.

AMP price analysis 1-day chart: Coin value deteriorates to $0.00376 after downturn

The 1-day price chart of AMP coin confirms a declining trend for the cryptocurrency today. Currently trading at $0.00376, the cryptocurrency has experienced sufficient losses since yesterday. However, the coin value is still present above the moving average value. There are lower chances of reversal, as a downtrend was observed today, and the volatility is declining.

The gap between the Bollinger bands indicates the market volatility. As the bands are converging, this signals a decreasing market volatility. The upper limit of the Bollinger bands indicator, serving as the resistance band, is at $0.00398 high. Whereas, the lower limit of the Bollinger bands indicator, acting as the support, is associated around $0.00325.

The Relative Strength Index (RSI) indicator is present within the neutral region. Its value is at 47.34 and still moving downward; this indicates a bearish trend. Moreover, the continual decreasing movement of the RSI signals a negative market sentiment and an overall bearish supremacy. This descent signals a rising instability within the trading environment.

AMP/USD 4-hour price chart: AMP descends to $0.00376 following crash

The four-hour price analysis of AMP confirms a downtrend for the cryptocurrency. A bearish strike was observed in the past four hours as the bears secured a comeback. The cryptocurrency value now stands at $0.00376, following the decline in the past few hours. This indicates that the selling activities continue to dominate over the buying activities.

The volatility is decreasing, which suggests a low market unpredictability. Moreover, the upper boundary of the Bollinger bands indicator is present at $0.00393, determining the resistance point. Conversely, the lower boundary of the Bollinger bands indicator is situated at $0.00369 low, signaling the support.

The RSI indicator is present within the neutral region at 47.14. As it continues to move downward, this indicates a rising selling pressure. The overall market sentiment remains negative as well, as confirmed by the downward RSI slope. This decline confirms an imbalance within the market.

AMP technical indicators: Levels and action

Daily simple moving average

Daily exponential moving average

What can you expect from the AMP price analysis next?

AMP price analysis gives out a highly bearish prediction regarding the ongoing market events. The coin value has descended to $0.00376 low after the bearish strike today. Overall, the cryptocurrency has lost up to 1.44% of its value in the past 24-hours. Technical indicators as well as the price charts continue to support the bears. There are declining chances of reversal in the ongoing market events. 

Is AMP a good investment?

AMP has been struggling with a bearish trend for the past few months. Despite this, its strong fundamentals suggest it could be a solid long-term investment. Crypto analysts suggest that the approaching weeks can steadily increase the cryptocurrency’s value. A bullish rally may be expected in the latter part of this year (2024), potentially pushing the AMP above $0.01.

Why is AMP down?

AMP’s price has decreased today. The coin has experienced a devaluation of 1.44% if observed over the last 24 hours. The price is trading at $0.00376 as the coin is under descent for now and as the bears sought the victory in the past few hours.

Will AMP reach $0.010?

AMP’s resistance level is at $0.005; however, a break above this level is possible if sufficient buying momentum builds. A break near or above $0.010 will require a more robust push but isn’t impossible, as the coin has achieved this level on March 12, 2024.

Will AMP reach $1?

Amp has never spiked above the $0.12 level. Even this price mark was observed only once at the start of the token’s launch, and AMP has never seen this level again. It seems highly unlikely for AMP to achieve $1 soon.

Will AMP reach $10?

According to Cryptopolitan’s price prediction, AMP will not achieve this level in the next 10 years until something unusual happens. Considering AMP’s current market cap, which is only $204 million, the scenario seems almost impossible.

Does AMP have a good long-term Future?

Amp is trading near its average price level if observed over the longest price period levels. It can be a good long-term investment, as its price is expected to double in 2025 and reach $0.068 by 2030. 

Recent news/opinions on AMP

• Acrynym Foundation announced that it has burned 339,182,000 ANVL and 63.09 WETH as ANVL/WETH LP reached over 250 WETH in total value on July 30.

• After rebranding to Ampera, the Ampera Foundation is again rebranding to Acronym Foundation, focusing on developing two products: Anvil and Ampera. Anvil is a collateral protocol for issuing on-chain secured credit, while the Ampera project is a grassroots payments initiative to support mainstream digital payments.

AMP price prediction August 2024

Amp could break out lower from current levels. A break below 40 RSI will necessitate a steep reversal. This month, Amp will trade between $0.0031 and $0.0059, with an average price of $0.0046.

AMP price prediction 2024

For 2024, traders can expect a maximum price of $0.0044, a minimum price of $0.0039, and an average trading price of about $0.0041.

AMP price predictions 2025 to 2030

AMP price forecast for 2025

AMP price prediction for 2025 indicates a bullish trend for Amp, with the maximum price potentially reaching $0.0068. Conversely, the minimum price of the coin might stabilize at $0.0057, with an average trading price of $0.0059.

Amp (AMP) price prediction 2026

In 2026, based on current projections and technical analysis, Amp’s maximum price is anticipated to reach $0.0099. The minimum price could be around $0.0083, with an average trading price of $0.0086.

Amp coin price prediction 2027

According to Amp price prediction for 2027, the maximum price is expected to surge to $0.0148. The minimum price could be around $0.0118, with an average trading price of $0.0123.

Amp price prediction 2028

Amp price prediction for 2028 suggests a maximum price of $0.0207. The minimum price is projected to be $0.0170, with an average trading price of $0.0177.

Amp (AMP) price prediction 2029

For the year 2029, the maximum price of Amp is predicted to reach approximately $0.0489. The minimum price is expected to be $0.0249, with an average trading price of $0.0256.

Amp price forecast 2030

The AMP price forecast for 2030 suggests a maximum token price of $0.0434. The minimum price is projected at $0.0360, with an average trading price of $0.0373.

AMP market price prediction: Analysts’ Amp price forecast

Cryptopolitan’s AMP price prediction

We expect AMP to achieve a high of $0.0044 in the second half of 2024. In 2025, the coin will range between $0.0057 and $0.0068, with an average of $0.0059. Note that the predictions are not investment advice. Seek independent professional consultation or do your own research for investments.

AMP historic price sentiment

• The Amp token was officially launched on September 11, 2020, with an initial price of $0.009. In its early months, AMP experienced a downward trend, hitting an all-time low of roughly $0.0007 on November 17 of the same year.

• However, the token reversed its fortunes entering 2021. It surpassed its launch price, reaching a notable high of about $0.046 on February 14, 2021. The momentum continued, and by April 18, AMP’s price peaked at $0.064.
• AMP set new records, reaching a high of $0.077 on May 7, 2021, and then $0.12 on June 16, following its listing on the prominent cryptocurrency exchange, Coinbase.
• Despite these spikes, the overall trend for the rest of the year was bearish. By September 2021, AMP had fallen below the $0.05 mark.
• In January 2022, AMP declined further to $0.02. The bear market proved challenging, and by June of that year, AMP’s price had fallen below its initial launch price. On September 7, it hit a 52-week low of $0.0054.
• In 2023, AMP attained a maximum price of $0.00642 and a minimum price of about $0.00146. Near the end of the year, AMP was trading at $0.0035.
• At the start of 2024, AMP gradually started its bullish cycle and reached $0.0056. On March 13, it peaked at $0.0129 before reversing.
• For May, June, and July, the AMP token continued its slow descend from $0.0081 level to reaching $0.0040 almost losing 40% of it’s value in three months.
• AT the start of August 2024, AMP continued following the downtrend reaching $0.0031, but made a high spike on August 6, leveling back to $0.0039.

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