AMP token surges 50% with Amazon crypto interest: here is where to buy it

By: Charlie Hancox
Charlie Hancox
Alongside his passion for trading, Charlie has represented Great Britain and won national championships as a water polo player,… read more.
on Jul 26, 2021
  • Amp is one of the top performers following a broad crypto market rally
  • Is now a good time to buy AMP?
  • Find out our AMP price prediction for 2021 and beyond

The cryptocurrency market has experienced a meaningful rally in the last 24 hours, and one of the ley beneficiaries is Amp (AMP). The coin has surged in value by more than 50% to $0.074, and its trading volume has shot up by 1000% to $219 million. As a result of this market activity, many crypto investors and traders have been trying to find out more about Amp, AMP coin, and what the future holds for the cryptocurrency project.

This article aims to help those who want to invest in Amp by outlining all of the key information you need to know. Read on to discover what Amp does and how it works, what its future prospects are as an investment, and what our AMP price forecast is.

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For those of you who want to buy AMP tokens right now, we can point you in the right direction. Scroll down to the section directly below to find out the best platforms to buy, sell and trade AMP in the UK and internationally.

How & where to buy AMP stock online

First things first, you can’t buy AMP stock. That is because it is actually a cryptocurrency rather than a stock. Make sure you understand this key distinction.

The following two platforms are the best places to buy AMP today thanks to their low fees, excellent customer services and intuitive trading features. Simply click on one of the links below, sign up, deposit funds and buy AMP crypto:

eToro

eToro is one of the world's leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It's social copy trading features make it a great choice for those getting started.

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Binance

Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.

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What is Amp?

It is a form of cryptocurrency that runs on the Ethereum blockchain, and its market denotation is AMP.

It is used to provide collateral for a diverse range of transactions. By using the power of blockchain technology and smart contracts, Amp can secure payments and transfers for things like regular digital payments, loans and even real estate sales.

In essence, it allows individuals on both sides of a transaction to mitigate risk by putting a fixed amount of cryptocurrency to one side that can be used as collateral for transactions. So, if the payment fails, the AMP tokens can be liquidated in order to cover the costs.

AMP has attracted a significant user base since its inception, and it is currently used by the Flexa Network to collateralise all of its transactions.

Should I buy AMP tokens today?

If you have carried out extensive research and feel Amp is a project you believe in, buying AMP coins and holding them for the long term could be an effective way to speculate on future price growth.

However, before getting involved in the action, make sure you are cognisant of the risks of investing and the innate volatility of cryptocurrencies.

Will AMP make me rich?

While this is unlikely, it isn’t possible for a single cryptocurrency investment to make tokenholders rich; just look at Bitcoin, Ethereum and Dogecoin.

AMP price prediction 2021

Our Amp price prediction for this year and beyond is as follows: $0.11 by the end of 2021, $0.13 in 2022 and up to $0.27 within 5 years.

Social media coverage of $AMP

https://twitter.com/BobbyZomo/status/1419356724155219968

For more on $AMP and other trending cryptocurrencies, check out our cryptocurrency news.

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