AMP: a very promising cryptocurrency

Flexa Network is a company that allows payments with cryptographic guarantee in traditional providers. In this way, supported cryptocurrencies such as BTC, ETH, and others can be used to pay for goods and services, while the provider receives the payment in fiat currency.

Flexa uses its AMP token to guarantee crypto payments while it is confirmed in the respective digital asset networks and the payment is settled to the recipient in fiat. This solves some issues that have affected the crypto ecosystem, such as slow confirmation times across networks, price volatility, and wide adoption.

AMP has increased in value this year and there are reasons to be optimistic about its long-term growth potential. The cryptocurrency was trading around a penny per token in September 2020, and for the next four months, it was trading at a mere fraction of a penny. But this year AMP is up over 1,000% and it’s because more and more money is sent to the crypto markets, and cryptocurrencies with a point have received more attention.

While the last week has not been the best for the cryptocurrency, it is expected to continue growing. The current unit price is $ 0.05508, and with a market cap of $ 2,326,074,752 it ranks 31st on CoinMarketCap.

3 reasons to be optimistic about AMP

These are the main reasons to expect that the value of this cryptocurrency is going to grow.

1 – AMP is designed to have easy access

Some of the larger exchanges make it incredibly easy to trade dollars for cryptocurrencies. But some exchanges require the transfer of one crypto in order to use it to buy another. Then there are decentralized exchanges like PancakeSwap that offer access to a much wider range of cryptos. But these can be difficult to navigate and require larger cryptocurrency holdings in order to use them.

While many exchanges were already offering access to AMP, the interest grew when it joined Coinbase. This causes a growth in the value of AMP of over 20% because being included in Coinbase means a higher level in the crypto world.

2 – Mayor adoption of AMP

Many investors are only interested in making money from their cryptocurrency investments and are not interested in whether it serves any purpose or not. For example, Bitcoin is a competition for the dollar and pushed the beginning of the era of blockchain technology. This leads to a country like El Salvador adopting it as legal tender, and others are banning it instead.

Being a useful asset is one reason to drive adoption. And the team behind AMP has a very lofty reason to increase its value in the future. This token is intended to be a collateral asset that can be used to reduce payment fees and prevent fraud. It could help make cryptos of all kinds safe, cheap, and usable for traders. 

3 – Tokenomics and the future of AMP

There is a great overlap between these last two reasons. When new projects adopt Amp, the way it has been implemented will increase liquidity and decentralization. And this should lead to improved value and reduced volatility as the Amp crypto mission spreads.

The team made to make their base more flexible and future-proof. This should help ensure potential investors know that AMP has had a long-term view of the crypto space. Also, this cryptocurrency should be on the watchlist now and investors should keep a close eye in the future.