Amp Trading 20.8% Higher This Week (AMP)

Amp (AMP) traded 0.5% higher against the U.S. dollar during the 1 day period ending at 11:00 AM E.T. on January 4th. In the last week, Amp has traded 20.8% higher against the U.S. dollar. One Amp token can currently be bought for approximately $0.0021 or 0.00000002 BTC on cryptocurrency exchanges. Amp has a market cap of $177.46 million and approximately $249.00 thousand worth of Amp was traded on exchanges in the last day.

Here’s how related cryptocurrencies have performed in the last day:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded 1.3% higher against the dollar and now trades at $91,353.28 or 1.00146682 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded up 1.9% against the dollar and now trades at $91,337.38 or 1.00088648 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

Amp Token Profile

Amp’s launch date was September 7th, 2020. Amp’s total supply is 99,720,006,935 tokens and its circulating supply is 84,231,571,807 tokens. The Reddit community for Amp is https://reddit.com/r/amptoken and the currency’s Github account can be viewed here. The official message board for Amp is medium.com/amptoken. The official website for Amp is amp.xyz. Amp’s official Twitter account is @ampdotxyz and its Facebook page is accessible here.

According to CryptoCompare, “Amp is the evolution of Flexacoin ($FXC). Amp is a digital collateral token designed to facilitate fast and efficient value transfer, especially for use cases that prioritize security and irreversibility.As collateral, Amp insures the value of any transfer while it remains unconfirmed—a process which can take anywhere from seconds to hours to days. Amp tokens used as collateral are generally released when consensus for a particular transfer is achieved, making them available to collateralize another transfer. In the event that consensus is not achieved for the transfer, the Amp collateral can instead be liquidated to cover losses.Flexa uses Amp to secure transactions and build networks that accrue value both securely and transparently.At the core of the Amp collateral model is the concept of the collateral partition. Collateral partitions represent subsets of Amp tokens that provide collateral for particular purposes, and are distinguished on the Ethereum blockchain with unique partition addresses. Each collateral partition can be endowed with its own set of rules regarding transfer hooks and privileges, and can also implement a predefined partition strategy in order to enable special capabilities (e.g., collateral models in which tokens are staked without ever leaving their original address).On Tuesday, September 8, 2020, Flexacoin ($FXC) became available to migrate to Amp ($AMP). See the official announcement.Discord”

Buying and Selling Amp

It is usually not presently possible to buy alternative cryptocurrencies such as Amp directly using US dollars. Investors seeking to acquire Amp should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Amp using one of the aforementioned exchanges.

AMP/USD price chart by TradingView