Investors are taking a real interest in Amp (CCC:AMP-USD). The token is gaining quite a bit today, and it seems like it’s carving out its niche in the constantly shifting world of digital currency. Some investors are wondering why the Amp crypto is going up, while others are more concerned with Amp crypto price predictions and keeping their eyes on the future. So, what’s next for the collateral crypto?
Amp is the collateral token of the Flexa network. Flexa is a DeFi company that develops products for things like custody and coin swapping. Its most well-known products include those that allow users to pay for everyday things using a wide variety of cryptos that the network supports.
The Amp token is used as collateral for the network, providing security for both buyers and vendors if a transaction does not properly go through. This is done through the staking of Amp with each transaction. Additionally, users can simply use Amp tokens as they would use any other crypto on the network to pay for goods.
With the adoption of Flexa products, Amp tokens are becoming more and more ubiquitous in the crypto world. Flexa continues to ink partnerships with many big players; for example, they have their collaboration with Gemini on the Gemini Pay app. And as more people flock to these apps, the more exposure they get to Amp. As such, the expanding use of Amp is driving up the crypto’s value. Just in today’s session, Amp is gaining over 14%.
Amp Crypto Price Predictions: Is Amp Looking Toward New Highs in 2021?
Amp’s all-time high is just under 12 cents, which it saw briefly in June before falling to under four cents. Well now, Amp is back to a nickel value, and with a trading volume increase of over 170% today, it appears investors want to get past a dime once again. But what do analysts think? Let’s look at some Amp crypto price predictions:
- DigitalCoin thinks Amp will creep up ever-closer to its all-time high in the second half of 2021. Their prediction for the token by December is just over 7 cents.
- WalletInvestor says in a year’s time, Amp will be seeing a new all-time high. By July 2022, they believe Amp will be worth nearly 14 cents.
- Coin Price Forecast is suggesting a similar price in half the time. By December of this year, the outlet says Amp can reach 14 cents.
On the date of publication, Brenden Rearick did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.