Amp, as a crypto project, tries to solve a genuine problem. It offers verifiable collateralization instantly, allowing chains to recognize value transfers immediately. Simply put, Amp helps you generate a collateral receipt that is credible and recognized across chains. But is the Amp token, AMP, a good investment? To find out, this AMP price prediction model embarks on detailed technical analysis and considers network and social growth and financial and on-chain metrics. And the best part is that AMP successfully exceeded our 2023 price prediction level. Let’s gear up for 2024!
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- Amp price prediction and fundamental analysis
- Tokenomics
- AMP price forecast and the role of on-chain, financial, and social metrics
- AMP price prediction and technical analysis
- Weekly chart and pattern identification
- Amp (AMP) price prediction 2023
- Amp (AMP) price prediction 2024
- Amp (AMP) price prediction 2025
- Amp (AMP) price prediction 2030
- Amp (AMP’s) long-term price prediction until 2035
- Is the AMP price prediction accurate?
- Frequently asked questions
This article may be outdated, we suggest you visit our new Amp Price Prediction tool.
Amp price prediction and fundamental analysis
Amp offers “Collateral-as-a-Service.” It does nothing fancy and promises nothing that’s far-reaching. Instead, by guaranteeing value, it helps you collateralize any asset exchange — fiat, crypto, property, and more. At present, users can collateralize the likes of DOGE, LINK, DAI, USDC, XTZ, BCH, and more using AMP — the native token of the Amp ecosystem.
Did you know? AMP was initially designed to work as a collateral token, for instant, verifiable assurances of value transfer.
But that’s not all you need to know about Amp.
- Flexa — a popular payments network — is already using Amp for loan collateralization via a “Capacity Contract.”
- Pantera Capital is one of the project’s lead investors.
- Users can stake AMP — the native token for lending assurance to the concerned projects.
- Once it grows, the AMP token can act as collateral for DeFi projects, payment networks, and individual requirements.
Tokenomics
As a user, you can deploy AMP for collateral verification via staking. The ERC-20 compatibility shows that it is built on Ethereum. The token comes with a supply cap of 100 billion.
The allocation only assigns 20% of the fixed supply to the token sales, which has been unlocked. Here is the supply curve that gives a fair idea about the allocation:
The circulating supply makes up 42.46% of the total supply. Also, with the overall supply being 100 billion, Amp’s only chance at scarcity would be rocketing network adoption. Once more people start using Amp, they will lock more AMP and help put a tab on the overall supply.
AMP price forecast and the role of on-chain, financial, and social metrics
Firstly, look at the Sharpe ratio of AMP, where anything above 3 is good. The figure stood at almost 12 in January 2023, indicating an imminent price surge.
“Here’s a reminder of Bitcoin’s Sharpe Ratio compared to Stocks in a 4 year hold. This is an apples for apples comparison of returns adjusting for risk. BTC: 2.5 Stocks: 1.4 BTC has NEVER dropped below 1.9 in its 11 years price history.”
Willy Woo: Bitcoin Analyst: X
This clearly indicates that the crypto market rally of January 2023 has positively impacted the price robustness of AMP.
Another positive sign would be the gradual 90-day increase in the number of unique addresses holding AMP, recorded in January 2023. While this development lent optimism to the price action, it also meant network adoption is starting to look up. The only concern was the top 100 AMP token holders managing over 91% of assets.
However, it is December 2023, and an interesting trend has surfaced. Despite a flat line in regard to active address adoption, the prices have picked up, showing that AMP might now respond positively to other sentimental factors as well.
Network and social growth
If you look at the network growth chart, the peak made on Nov. 13, 2022, is easily identifiable. This might be due to the growing popularity of DeFi amid the FTX contagion, which exposed more crypto users to Amp. As of December 2022, the Network growth was slowly trying to move up, forming a higher high of sorts. And during January 2022, AMP’s prices increased by almost 20%.
However, the latest network growth chart suggests that significant peaks weren’t formed in 2023, but the prices were still pretty bullish.
Regarding social metrics, especially Twitter, Q4 2022 has been very good for AMP. Twitter followers surged, and so did the prices. Therefore, monitoring social followers is a good way to gauge a potential price move.
The social volume metric has been steady throughout the year, which could be a reason for AMP’s price-related strength.
Here is the Twitter profile:
AMP price prediction and technical analysis
The on-chain and financial metrics illustrate an optimistic outlook for AMP. But nothing beats using historical data and working on technical analysis using price charts. This approach will help locate price patterns, indicating future AMP price paths. We started tracking AMP’s weekly price pattern as early as January 2023, and here are our findings.
Our price predictions usually rely on weekly charts to look at long-term trends for any digital asset. However, we will use the daily chart for AMP and look at the short-term historical data first.
Once we have the short-term AMP price prediction, we can use this to revisit the weekly chart and make conclusive data-backed assumptions. Here is the short-term price chart.
Short-term price move
The current price of AMP seems to have broken out of the falling wedge pattern. It is trading at $0.004 and seems to have a strong resistance zone waiting for it at $0.0047. But does AMP have enough legs to breach this resistance amid the rallying crypto market?
Firstly, the RSI is making a higher low, whereas the prices are forming lower lows. This is a clear, bullish divergence. This might try to push the prices higher. However, as the RSI is in the overbought zone — close to 75 — we expect some consolidation or sideways movement before the rally resumes.
Now, let’s consider moving average indicators. The red line, or the 50-day moving average, still moves under the green line, or the 100-day moving average. However, the distance between them is decreasing. If the red line crosses above the green line, the prices should rally for a while, making the resistance zone of $0.0047 and even $0.00618 fairly attainable.
Our December 2023 analysis
AMP respected our support and resistance levels, and high volumes shot the prices beyond the crucial zone of $0.00618 in 2023. Let us track AMP’s latest move to know how it might move in 2023.
AMP did break past the cup-and-handle pattern to scale new highs week-on-week. However, the bigger cup and handle pattern also look good enough, provided there are high trading volume levels to work with. The RSI isn’t doing any favor to the price prediction and might lead to a correction.
Weekly chart and pattern identification
The daily chart of AMP shows considerable strength for it to reach $0.00618. If the AMP price reaches this zone, we can consider it a high as per the weekly pattern.
Therefore, we can clearly see the emerging pattern. The weekly chart of AMP starts with a high and makes a few lower highs before starting to trade in a range. And if the high of $0.00618 is reached, we can consider this as a high, which could kickstart the old pattern in reverse. Therefore, we can assume the weekly AMP chart makes a foldback pattern with the lower high formation to be repeated as a higher high formation.
This might be the formation we are looking at:
Price changes
Now let us mark all the important points on the weekly chart, highs and lows included, to find the next set of highs and lows for AMP.
As per the assumptions and bar pattern, we expect the price of AMP to follow the path from Q to A. Therefore, we should trace the price changes and distance between the points in reverse — from Q to E — including the low-to-high and high-to-low formations.
The low-to-high average price change percentage and distance are 316.86% and 88 days. For the sake of safety, we can take the maximum distance as 259 days and the minimum price increase percentage as 77.01% — data from Table 1.
The high-to-low average price change percentage and distance are 44.147% and 28 days. The maximum distance and the lowest price change percentage would be 42 days and 28.41%, respectively — data from Table 2.
Amp (AMP) price prediction 2023
2023 was a relatively good year for AMP. It made a high of $0.0074, exceeding our projection of $0.00678. Here is what comprised our 2023 analysis:
Keeping the current crypto market conditions in mind, you can draw a forecast line from Q to E1, keeping the lowest percentage gain in mind — 77.01%. The timeline can still be 88 days, as per the average distance from Table 1.
Therefore, the next high surfaces at $0.00532 in March 2023. If you go back to our short-term price prediction chart from earlier, this level is higher than the immediate resistance of $0.004, putting AMP in an uptrend.
Data from Table 2 suggests that a drop from this point or E1, under strong market conditions, could take the maximum time of 42 days and surface only 28.41% lower. This puts the AMP price prediction 2023 low at $0.00383.
Amp (AMP) price prediction 2024
Outlook: Moderately bullish
Now we have 2023 highs and lows, and we can extrapolate the same using the table data to locate the 2024 levels.
From O1, a minimum percentage hike of 77.01% can take the maximum number of days — 259 days as post the rally; we can expect a correction at AMP’s counter. This assumption puts the 2024 high or D1 at $0.00678. The drop can again be a mere 28.41% in 42 days as AMP has a strong resistance-turned-support at $0.0047. The price prediction low for 2024 can, therefore, surface at $0.00487.
Projected ROI from the current level: 77%
Amp (AMP) price prediction 2025
Outlook: Bullish
By this time, we can see AMP forming higher highs and higher lows, finalizing the uptrend. Therefore, the next high could adhere to the average low-to-high formation peak of 316.86%. The timeframe could be higher than 259 days, depending on the current state of the crypto market. Overall, the 316.86% growth might as well appear by early 2025.
Therefore, the AMP price prediction for 2025 is high at $0.0206. The low price prediction for 2025 can also adhere to the average percentage drop of 44.147% — as there might be some profit booking post the 2025 highs. Therefore, the minimum price prediction for 2025 surfaces is $0.01129.
Projected ROI from the current level: 436%
Amp (AMP) price prediction 2030
Outlook: Bullish
After a rallying year of price gain, there is usually a cool-off year in sight. Therefore, for 2026, we expect AMP to increase by a minimum percentage of 225.23% — the second-lowest percentage spike from Table 1. Just like the price prediction for 2025, we can expect this price prediction level to surface in 2026 for the sake of better calculations.
This level surfaces at $0.0367, somewhere in early 2026. Now, if we use the Fibonacci indicator, with the 2026 high and 2025 low, we can project the path to 2030.
Assuming that the price of AMP keeps growing as per the forecast, we can expect it to go as high as $0.1729 by the end of 2030. However, for this, AMP may have to breach its previous all-time high price of $0.1211 by late 2029 or, at the latest, by mid-2030.
The previous all-time high could act as the support line for AMP if you are looking at the minimum price prediction level for 2030.
Projected ROI from the current level: 4402%
Amp (AMP’s) long-term price prediction until 2035
Outlook: Bullish
While the historical data and technical analysis return the AMP token price projections till 2030, we can always use the table to check for the prices till 2035. However, in any given year, the average price of AMP would depend on the crypto market conditions, trading volume levels, market cap, and even on-chain metrics. Therefore, every price point should be treated more like a ballpark than an absolute figure.
You can easily convert your Amp to USD here
Is the AMP price prediction accurate?
This AMP price prediction model considers both long-term and short-term technical analysis. Plus, we have analyzed fundamentals and key on-chain and social metrics to draw projections. We do still urge potential investors to look closely at AMP’s market cap and trading volume at every given instant before making investment decisions. A spike or a dip in trading activity and market cap can have a surprising impact on the prices of digital assets, AMP included.
Frequently asked questions
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