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07/09 18:47
Amp crypto price prediction as whale buying contin
Amp crypto price prediction as whale buying continues
Amp crypto price has plunged and entered a bear market this year, mirroring the performance of most altcoins.
Amp1.29%Amp dropped to $0.0033 on Tuesday, down by over 77% from its highest level in November last year. Its market cap has slipped from over $965 million to $283 million today.A potential reason why Amp has plunged is that the total value locked on Flexa has been in a free fall this year. It has dropped to $20.8 million, down from the year-to-date high of $295 million.
Activity on the Flexa Network is critical for Amp, as the token provides the collateralization mechanism that underpins the platform. Flexa is a payments network that integrates with point-of-sale systems to allow merchants to accept crypto. Companies such as Chipotle, GameStop, and Ulta Beauty are among those using it.
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