AMP has been around since October 2020, and its price began to rise in February 2021. The token started at $ 0.01 and has now jumped to $ 0.07. Unlike other altcoins that have fallen in price, AMP price action remains strong. This is partly due to the many partnerships within the project. AMP works with Coinbase, Gemini, Bittrex, Flexa, SushiSwap, UniSwap and various other centralized and decentralized exchanges.
Given the general approval AMP has received, it can be assumed that AMP will be there for a while. The company currently has a market capitalization of $ 3.1 billion and can easily increase its price tenfold over the next 12-24 months. Unlike more speculative cryptocurrencies, which can be volatile, tokens with more serious applications tend to have long-term survivability and stability. The $ 1 price target is a reasonable target for this altcoin, the 39th largest token by market cap.