4/16/2023 0 Comments Will amp coin reach 50There is a saying that the history likes to repeat itself (recent GME stock is another example). All that in the span of only a few months. Since it was first introduced, in late 2020, the AMP went from less then half a penny ($0.005) to almost $0.08 (May 7, 2020). In the past few weeks, it was trading as high as $63,000. Then within a relatively short period it jumped to $0.08. In fact, back in 2010 when the BTC was first introduced to the general public (still on a limited scale, since there was no established platform to trade it on) it was trading at $0.0008. BTC was trading for a few pennies when it came out first. Look what happened with Bitcoin, this is a prime example of the pattern at work. I believe, the AMP could reach even $1000 level within 5 years (it could be even sooner). So, staking AMP could cause upward movement in price beyond what the typical calculations of circulating supply and market capitalization would indicate. Staking your coin temporarily reduces the amount of coins in the circulating supply reducing overall supply to be bought and sold. AMP is the first collateral token and one characteristic that differentiates AMP from other coins and tokens is that it needs to be staked. The total supply of AMP is capped at 100 Billion, but this will not be fully realized for decades. If Flexa were to be accepted everywhere and AMP collateralizes many transactions, I think the value of AMP could go $4 to $10 per token, but this would be years out in the future. So, if AMP were $100 per token, then that would mean AMP would be worth more than 3 times what Bitcoin is worth. The current market capitalization of Bitcoin is about $916 billion. Hypothetically, if AMP were to go to $100 per token today, that means the market capitalization would be about $3.627 trillion. If you look at the circulating supply of AMP right now, there are about 36,271,610,691 AMP tokens. Nothing is impossible, but $100 per AMP token is not likely.
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