Amp (AMP) is one of the most active cryptocurrencies that took the crypto world by storm this year. To be specific, the crypto achieved an all-time-high price of $0.121 last June 16, 2021.
This fantastic performance of AMP enables the network to attract crypto investors around the world. Its investors have received a return on investment (ROI) of about 190% in the past year.
Furthermore, aside from its aggressive performance this year, AMP enables its users to earn more AMP tokens. In particular, the network rewards its users with AMP tokens by simply allowing seeding after every torrent file download. Best of all, all the reward tokens earned from the torrent file seeding will automatically be stored in the user’s wallet.
In this AMP price analysis and price prediction, we look at AMP’s performance if it will reach $0.1. But before that, let us learn more about what Amp (AMP) is and its current position in the crypto market.
AMP Current Market Status
AMP remains to be one of the most aggressive cryptocurrencies nowadays. According to CoinMarketCap, the AMP price is $0.03302. Notably, AMP recorded an increased rate of almost 3.16% in the last 24 hours.
In terms of its market standing, AMP market capitalization amounts to almost $1,394,394,613, with a 24-hour trading volume of over $16,370,655. As a result, the crypto ranks as one of the top 75 cryptocurrencies in CoinMarketCap. With all these achievements, we can say that AMP has come a long way in developing its technology throughout the years.
Now that you already know what AMP cryptocurrency is, do you think AMP is a good investment this 2022? If you are already excited to learn, come, and together let us check this AMP price analysis and price prediction article.
AMP Price Analysis
So far, AMP has been defending its market position well against the bearish market wild volatility. Is it enough to convince the global investors that AMP can rise and be profitable crypto this year?
Therefore, what are you waiting for? Are you already interested to know? Join me, and together, let us see the charts in this CoinQuora price analysis.
AMP/USDT 4H Chart Showing Keltner Channel Indicator (Source: Tradingview)
The Keltner channel is a technical analysis indicator used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for Amp (AMP), it could be seen that the last candlestick is moving away from the middle line and getting closer to the top curve. There could be a possible breakout of the price of AMP.
AMP/USDT 4H Chart Showing Relative Strength Index (Source: Tradingview)
The Relative Strength Index (RSI) measures the relative momentum in the magnitude of recent price changes to deduce oversold or overbought assets. The RSI value of Amp (AMP) 4H chart of AMPUSDT above is at 60.21, which indicates a strong trend. If this value continues to rise, Doge could experience a breakout above the 70 mark region, which means an overbought region. However, there could be a bearish run since it has turned downwards.
AMP/USDT 4H Chart Showing Moving Averages (Source: Tradingview)
From the 90 days and 30 days moving averages for Amp (AMP), it could be seen that AMP would go bearish in the long-term since the 90-day moving average is below the 30-day moving averages. Hence, long-term investors should be patient with AMP developers to change the direction of its price movement in the long run.
AMP Price Prediction
Currently, AMP holds 75th place on CoinMarketCap. Would the market performance be enough for AMP to maintain its bullish position in 2022, having gained 20.4% in the past 14-days? Are you excited to know the results? Well, what are we waiting for? Let’s get to the bottom of it in this AMP price prediction 2022.
AMP/USDT 4H Chart Showing Resistance and Support Levels (Source: Tradingview)
Amp (AMP) has been on the gain for some days now. However, it is on a downtrend line. If the bears have their way, the price of AMP would break the $0.03061 support1 level and even plummet further to $0.02402 at support3, a bearish signal for 2022.
However, continuing the present bullish gains in the past two weeks will lead to a bullish that could even break the $0.03437 at resistance1 and even move higher.
Meanwhile, our long-term AMP price prediction for 2022 is bullish. Even more, it has a high possibility of reaching a new all-time high this year. However, that will only happen if it breaks past several psychological resistances.
Amp Price Prediction 2022
If this bullish trend continues, AMP will reach $0.054 by the end of 2022. Moreover, the first half of 2022 will show fast growth, up to $0.03899. Then this rise will slow down, but no significant falls are expected. With upcoming partnerships and developments reaching $0.1 is quite optimistic in the price point of view but undoubtedly feasible for the near future.
Amp Price Prediction 2023
The price of AMP can move even great heights, however, reaching $0.3. Moreover, this is possible only if the market maintains its bullish trend. In addition, only if the cryptocurrency AMP breaks past the psychological resistance level.
Amp Price Prediction 2024
As per the latest upgrades, developments, AMP price prediction, and new project forecasts of the platform, this might boost the price of AMP in the crypto market, and it will be the best investment as the price can spike and reach around $0.5.
Amp Price Prediction 2025
It indicates that AMP has a high possibility of reaching a new ATH soon in the next five years as per the prediction. In the next four years, AMP prices could race up to $0.7. However, reaching this level could not be so tricky for AMP as another medium, short-term, and long-term price targets could be found to purchase or sell orders.
Amp Price Prediction 2026
By 2026, the Amp (AMP) price would reach $1 since many individuals will have better knowledge of cryptocurrencies, therefore increasing the investment in the industry.
Conclusion
AMP has a bright future ahead of it in 2022. With ongoing developments happening within the AMP ecosystem and the overall crypto market, we may see AMP reach new heights.
Even more, the bullish AMP price prediction for 2022 is $0.054. As said above, it may even reach a new ATH if investors have decided that AMP is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum. Moreover, it has a chance to reach $0.1 in the latter parts of this year.
Source: https://coinquora.com/amp-price-prediction/
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