Investors are really interested in Amp (CCC:AMP-USD). The token is gaining a lot today and it looks like it is carving out a place for itself in the ever-changing world of digital currency. Some investors are wondering why crypto Amp is rising, while others are more concerned with crypto Amp price predictions and are keeping their eyes on the future. So what’s the next step for crypto collateral?
Amp is the collateral token of the Flexa network. Flexa is a DeFi company which develop products for things like custody and exchange of coins. Its best-known products include those that allow users to pay for everyday things using a wide variety of network-supported cryptos.
The Amp token is used as collateral for the network, providing security for buyers and sellers if a transaction does not go smoothly. This is done by the Amp staking at each operation. Additionally, users can simply use Amp tokens like 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 forge partnerships with many major players; for example, they have their collaboration with Gemini on the Gemini Pay app. And as more and more people flock to these apps, the more exposure they are to Amp. As such, the increasing use of Amp increases the value of the crypto. Just in today’s session, Amp is gaining over 14%.
Amp Crypto Price Predictions: Is Amp Seeing New Highs In 2021?
Amp’s all-time high is just under 12 cents, which he saw briefly in June before dropping to below four cents. Well now Amp is back at a nickel value, and with trading volume increasing over 170% today, it looks like investors want to go above a dime again. But what do analysts think? Let’s look at some Amp crypto price predictions:
- DigitalCoin believes Amp will come closer and closer to its all-time high during the second half of 2021. Their prediction for the token by December is just over 7 cents.
- PortfolioInvestor said in a year, Amp will set a new all-time high. By July 2022, they think Amp will be worth almost 14 cents.
- Parts price forecast offers a similar price in half the time. In December of this year, the outlet reports that Amp can reach 14 cents.
At the date of publication, Brenden Rearick did not hold (directly or indirectly) any position in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to the publication guidelines of InvestorPlace.com.