Disclaimer: I am a holder of very very small bag of AMP. This post isn’t about any hype rather a ground level analysis.
Since the Coinbase listing, AMP got my attraction and I FOMOed and bought small bag of it. Even was a member of rapidly growing r/AMPToken sub and I am no more a member of it.
There was and is a lot of hype AMP going to moon and crossing 1$ mark. Flexa is really a good project and lot of good collaborations happening recently. However, I don’t think it will cross 1$ mark anytime soon even in the next bull market. For AMP to cross 1$ mark, at current market cap it should be under top 6 (refer [coinperspective](https://thecoinperspective.com/?fx=USD&vs=bitcoin)). Currently its market cap is 2.5 billion and approx. 5.5 billion if you count fully diluted. This is why I don’t see it might not reach 1$ mark anytime soon. The recent price hike I believe just due to coinbase effect.
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