That's what makes AMP crypto stand out among its peers. You're not even limited to collateralizing cryptocurrency. The blockchain can also verify the exchange of collateral with any other form of payment, even physical value. Unlike Bitcoin, transactions are instant and can be made at an NCR kiosk. The AMP supply is capped at 99.2 billion tokens, 42 billion of which are in circulation.
This is good news for investors trying to hedge inflation right now. Like Bitcoin, the token has a fixed supply. The AMP token and staking platform were launched in August 2020. It is an adaptation of the Flexacoin - or more precisely, two separate coins merged into one, Flexacoin and Consenys. And the more cryptos are used, the more AMP's value increases.ĪMP was created to function on the Flexa network. This can work with most coins, in theory. You instead pay instantly with AMP collateral while you await the BTC blockchain confirmation. Rather, it is a "digital asset token." It collateralizes payments so that you don't have to pay BTC or ETH directly to the cashier - which could take a few minutes. Dogecoin (DOGE) has been used for online tipping, since it's one of the more liquid tokens.ĪMP is not like these. Bitcoin can be used as a medium of exchange and store of value. What Is Amp Crypto?ĭifferent cryptocurrencies have different use cases. It's not unrealistic when you really consider what Amp actually does. But the token's growth will depend on similar partnerships developing in the future. Of course, what makes Amp different from a Reddit stock is that it potentially has more to offer than simply the "hype" factor.Ī contract between NCR and Flexa - the blockchain network that AMP was initially created for - is huge.
Considering how Reddit has moved stocks in the last year, the Reddit vote could say more than just any analyst projection. This was the subject of a mass vote that took place on the social media site. But that is just the tip of the iceberg, which is why many Amp crypto price predictions are so bullish (with some exceptions).Īs you can see, Reddit provides the top prediction here, aiming at $1. The fact that the stock moves counter to the broader crypto market is a good sign for the coin. While Bitcoin ( BTC) appears to have fallen about 40% in 2021, the altcoins have followed - well, all except for Amp crypto.Īmp is a top performer this year, soaring from $0.03 to $0.10 in a matter of weeks. That's why the outlook is so hopeful for AMP over the next five years. This is one of the greatest examples of crypto adoption to date. And more than 7,000 department and retail stores use NCR machines. And who knows what Elon Musk will tweet next?īut all of this can be good news for coins that are "the real deal." In fact, Amp crypto has climbed 233% since the start of the month while other tokens circle the drain.įor starters, NCR machines accept Amp crypto. The crypto recently came under fire by lawmakers not being so "eco-friendly." China has begun to crack down on cryptocurrency. You need look no further than recent events to see why Bitcoin ( BTC) lost about half its peak value. One of the biggest thorns in cryptocurrency's side has been the slow adoption. After all, who wants to trade Bitcoin if you have to wait a half hour for the blockchain confirmation? This can be hit or miss - most often a miss. Sometimes, you might ask the cashier if their store takes Bitcoin.