![]() ![]() “The seemingly burgeoning popularity of cryptocurrency has forced the Financial Conduct Authority to rightly issue an investment risk warning announcing high returns based on crypto-assets.” “And regulatory pressure is intensifying in the UK. The crypto market fell in June following a Chinese crackdown that banned financial institutions and payment companies from providing services related to cryptocurrency transactions and warned investors against speculative crypto trading. Mr Jobson also warned that investors should consider increasing regulatory risk. ![]() The cryptocurrency market is affected by a number of factors, including regulatory crackdowns and comments from prominent figures. Meanwhile, Wallet Investor has forecast that the price of AMP will hit $ 0.145 over the next 12 months.īe sure to take these predictions with a pinch of salt, as they are far from guaranteed. It’s impossible to know what will happen to the price of a cryptocurrency, but experts have made predictions.ĪMP’s price could reach $ 0.1593 by the end of 2021, according to a prediction by the Coin Price Forecast website. Myron Jobson, personal finance activist at the interactive activist, told The Sun that doing and predicting the price of crypto is “nearly impossible.”Īnd the same goes for Amp “because the market is still relatively new and the trends and anomalies in the market are not yet fully understood,” he added. ![]() This means that more people have access to buying and selling tokens. The crypto coin gained popularity after being listed on the Coinbase trading platform in early June. The AMP hit a record high of $ 0.1211 in mid-June and is down just over 50% from that record. The price of AMP currently sits at $ 0.0596, up 2.39% in the last 24 hours at the time of writing, according to CoinMarketCap. The AMP coin is newer than more established cryptocurrencies like Bitcoin and Ethereum and therefore is even riskier. The price of cryptocurrencies is very volatile and can go down as well as up in the blink of an eye.Ĭryptocurrencies are unregulated and there is no consumer protection like what you get with traditional savings and investments, so there is no one to complain to if things go wrong. You should only invest money that you can afford to lose and in financial products that you understand. Investing in any cryptocurrency is risky business and you could end up losing all your money. The AMP token was launched in September 2020 and is one of many coins built on the Ethereum blockchain.ĪMP is a digital guarantee token, which is supposed to offer fast and verifiable guarantees for any type of value transfer. 1 AMP is worth over a year but has fallen from an all-time high ![]()
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