So same market cap would bring us to around 4

Question

Amp Community

Kevin

So same market cap would bring us to around 4

cents?

#amp #cryptocurrency #english

0

13.11.2024

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Aribiter M - Just lurking · Accepted Answer

It would take us to 4 cents. But tbh, I would look at the daily volume to gauge how high AMP will go and take into consideration the 4.25x increase in tradeable circulating supply. Around the 2021 ath, there were 24h volumes of anywhere between $200 - $400+ million. And we broke that 24h trading volume in March with ~$450 million. So for a new ath, with conditions being 1-1 with 2021 (which is impossible to say) we'd need a few days of $900 million - $1.5 billion in 24h trading volume. And for comparison, XRP has around $400 million - $2 billion+ 24h trading volume on any given day in the past year. So we'd just need a few average days of trading volume similar to XRP to reach ath. I do think Flexa brings in, and even surpasses that level of hype; when wallets start being able to spedn.

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So same market cap would bring us to around 4

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