✂ Fed’s first rate cut since 2020: Use our free Stock Screener to find new opportunities fastExplore for FREE

AMP Hits a New All-Time High, Takes Rank 31 in CoinMarketCap

Published 06/15/2021, 03:30 AM
AMP Hits a New All-Time High, Takes Rank 31 in CoinMarketCap
AMLTF
-

  • AMP (OTC:AMLTF) recently shot up by 20% and reached a new all-time high on June 11, 2021
  • The token now has a market capitalization of $3,529,299,131
  • At the time of writing, AMP is now rank 31 in coin information website CoinMarketCap

AMP token recently hit a new ATH a few days ago. On June 11, 2021, the token shot up by 20 percent, taking the rank 31 spot in coin information site CoinMarketCap. At press time, the token has a market capitalization of $3,529,299,131.

AMP dubs itself as a “digital collateral token.” According to their website, AMP is “designed to facilitate fast and efficient value transfer.” They underscored that AMP can especially be applied to use cases that prioritize security and irreversibility.

The token works as collateral. With this, AMP insures the value of any transfer while it remains unconfirmed. As blockchain confirmation is a process that can take potentially a very long time, Amp’s value proposition proves useful.

The AMP team al...

This article was first published on coinquora.com

Continue reading on CoinQuora

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.