- AMP crypto price surged 13.81% during the weekly trading session.
- An increase of 8.27% has been observed in the AMP price during the intraday trading session.
- The trading volume has a massive upsurge of 954.22% in the last 24 hours.
Launched in 2020, AMP Network offers fast, efficient and secure transactions by solving network problems, slow confirmation times, volatility and broad adoption. The open-source, decentralized protocol provides collateral as a service. Amp introduces the concept of predefined partition strategies in which tokens can be staked without leaving their original address. The protocol uses a proof of stake (PoS) consensus mechanism to secure network transactions.
AMP Crypto Apr 2024, Supply Changes, Holdings & Valuation
The maximum supply of the cryptocurrency is capped at 99.44 billion. It shows the tokens that will ever exist in the lifetime of the cryptocurrency. The current circulation supply of AMP tokens is at 42.22 billion, which covers 42.46% of the maximum supply. AMP’s current market cap stands at 366.50 million.
The current market cap is ranking under the top 200 most dominant cryptocurrencies on the globe. Additionally, the total diluted valuation of the crypto is estimated at around $863.83 million. The trading volume has experienced a massive rise in the last 24 hours, reaching $166.91 million, with an increment of 954.22%.
AMP crypto currently has 96,784 token holders, of which the top 3 holders collectively own 46.20% of the circulation supply. That covers 45.95 billion AMP tokens at the current phase. The no. 1 and no. 2 wallets hold 29.18% and 9.97% tokens. In addition, crypto whales are holding 70.53% of the current circulation supply.
Technical Analysis of the Amp (AMP/USD)
The long-term bullish outlook implies above the key exponential moving averages. The current price rebounded the 50-day and 200-day EMAs, indicating the continuation of the bullish trend.
AMP price has experienced a strong buying from the $0.0041 demand zone. The price surged over 100% in just two days trading session, reflecting the buying strength from that level. At present, the price is trading at the $0.0088 level. If the price closes above the $0.0109 level, the price can surge up to the $0.0136 level per the market technicals.
The relative strength index (RSI) shows strong bullish momentum in the current phase. The RSI line and the SMA had a golden crossover, indicating a potential shift in strength. The RSI line is moving at 55.88 above the SMA.
Summary
AMP crypto experienced massive buying from the $0.0059 bullish point of interest (POI) on March 11, 2024. The cryptocurrency secured over 400% positive returns in the last six months. The current AMP price is trading at the $0.0088 level. If the price closes above the $0.0109 level, the price can surge up to the $0.0136 level per the market technicals.
In terms of growth, compared to other currencies in the past, the price volatility of AMP is still not particularly impressive. However, for investment purposes, AMP is suitable for a long-term strategy with stable growth, accumulating over time. For more information about investment strategies in the cryptocurrency market, you can check out cryptocurrency exchange platform Crypto Pie and stay updated with the latest crypto news in your country.
Technical levels
- Resistance Levels: $0.0089 and $0.0136
- Support Levels: $0.0059 and $0.0041
Disclaimer
The views and opinions stated by the author or any people named in this article are for informational purposes only. They do not establish financial, investment, or any other advice. Investing in or trading crypto or stock comes with a risk of financial loss.