Amp has made significant gains of around 66% over the last two weeks.
Amp provides “assets like BTC with instant, verifiable assurance for any real-world application.”
The project has seen a rise in its trading liquidity by a substantial 1,495% over the past 24 hours, leading to the project to trend on Coinmarketcap as more traders take an interest in buying the coin.
In addition, AMP has seen its ranking on Coinmarketcap rise to number 41, showing the strength of its market cap that currently stands at over $3 million.
Where to buy AMP
Is AMP a good buy right now?
AMP’s use case provides additional liquidity for traders looking to secure other assets, such as Bitcoin, Tezos, Alogrand, Dash, Litecoin, US Dollar Coin and many more.
Due to its massive hike in trading volume, analysts will be watching the coin closely to see what it could do next.
AMP also allows users to stake their coins to earn rewards. Sometimes these rewards can be greater than the interest rates offered by banks at the present time, so this is something worth considering if you have assets waiting around that you intend to sell at a later date in the future.
Users can then send their staked coins as collateralized transfers using pools, thereby reducing the risk of interrupted or attacked transaction attempts.