AMP price prediction 2021: Can the cryptocurrency reach $0.1?
THE price of digital coin AMP has shot up since it was first created last year.
The cryptocurrency is now among the top 50 biggest in the world, according to CoinMarketCap.
Investing in any cryptocurrency is risky business and you could end up losing all of your money.
You should only ever invest money that you can afford to lose and in financial products that you understand.
The price of cryptocurrencies are highly volatile and can go down as well as up in the blink of an eye.
Cryptocurrencies are not regulated and there is no consumer protection like you get with traditional savings an investments, so there's no one to complain to if things go wrong.
The AMP coin is newer than more established cryptocurrencies like Bitcoin and Ethereum and so is even more risky.
What is the price of AMP?
The price of AMP is currently sitting at $0.0692 - up 36% over the past 24 hours at the time of writing, according to .
AMP hit an all time high of $0.1211 back in mid-June and is now down 43% from that record.
The crypto coin spiked in popularity after being listed on trading platform Coinbase in early June.
It means more people have access to buying and selling then token.
AMP price predictions for 2022
Myron Jobson, personal finance campaigner at interactive campaigner, previously told The Sun that making and price prediction for crypto is "nigh impossible".
Meanwhile, has forecast that AMP's price will reach $0.1035 within the next 12 months.
Mr Jobson also warned that investors must consider increasing regulatory risk.
"The crypto market fell in June following a crackdown by China which banned financial institutions and payment companies from providing services related to cryptocurrency transactions and warned investors against speculative crypto trading.
"And the regulatory pressure is ramping up in the UK.
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"The seemingly budding popularity of cryptocurrency has forced the Financial Conduct Authority to rightly issue a warning on the risks of investments advertising high returns based on cryptoassets."
If AMP's price drops, you could lose all your money.
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