AMP price has already provided year-to-date gains of about 1,700%, but recent developments could boost its price further.

Amp provides a platform for collateralising asset transfers through a system of collateral partitions and collateral managers. Its cryptocurrency AMP can be staked to a partition to guarantee any form of value exchange and effectively decentralise the risk of asset transfer.

AMP is seeing a lot of investor interest at the moment and is currently the ninth most-visited coin on CoinMarketCap. After dipping to a low of under $0.03 in May, AMP price hit an all time high of $0.12 yesterday, having surged 25% in the last 24 hours and 110% in the last week.

Where can I buy AMP?


eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.

Register with eToro instantly


CedarFX is an eco-conscious broker offering 0% commission trading on 170+ assets, including Forex, Cryptocurrency Pairs, Stocks, Indices and Commodities. With up to 1:500 leverage, no-fee transactions and low spreads, traders can make the most of their funds. CedarFX also offers an Eco Account option to support tree planting and sustainability projects.

Register with CedarFX instantly

Why AMP could be a good price right now

AMP is used to facilitate instant payments by payment network Flexa, which is already integrated with a wide range of stores. One of Flexa’s partners is Shopify, which is currently rolling out its payment features to all Google and Facebook merchants, a move that will potentially buoy AMP price further.

AMP also received a Coinbase listing last week, introducing the coin to a large audience of new investors, as seen in its trading volume which is up 81% in the last 24 hours. The price of AMP has seen an increase of 1,700% so far this year, and with these latest developments, there could still be plenty of room for growth.

This post was originally published on Coinlist.