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So, Should you invest in AMP Token?
Fans of the Amp token are saying it’s one of the most important pieces in the digital payments landscape, but is that just hype?
One way to tell is by looking at Amp’s parent business, an operation known as Flexa.
Flexa currently processes $1.4 billion in daily transactions. To ensure the integrity of bitcoin transactions, Amp token serves as a form of collateral. Amp is gaining ground because at least 41,000 retail establishments in the United States use the Flexa platform for digital transactions.
Amp’s most striking feature is that it is helping to create the groundwork for the future of bitcoin by joining the market at the beginning of smart contracts.
Amp’s Potential
We see no reason why it couldn’t at least reclaim its all time high if the general market attitude continues to be strong. In the eyes of many Redditors, the price of $1 seems to be the benchmark for all cryptos but some are saying that $1 for AMP token is a bridge too far.
Because of AMP’s long-term lock-in period, its price is anticipated to remain stagnant. Anyone sitting on 10-1000x gains will want to take at least a portion of their money home, so it’s understandable.
Because there is no lock-up when staking Amp, individuals may easily take gains when the motivation to stake Amp isn’t so strong, which is something else to be concerned about, as we’ve already indicated.
The lack of lock-up shouldn’t slow down major pumps, but gasoline dumps could be. Since they must first go through the difficulty of staking and are frequently locked up, staking participants are generally considered to be hodlers. The problem is that Amp does not have this feature, and it may frighten away stakers as well if a huge dump were to occur.
So what do you think? You gonna get some AMP?
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