The payment system's in-house token passes $0.11 as partner Shopify plans to reach out to Facebook and Google merchants. The in-house token of cryptocurrency payments app Flexa, AMP, has hit new all-time highs after being listed on major exchange Coinbase.
Data from Cointelegraph Markets Pro and TradingView showed AMP/USD reaching $0.11 per coin for the first time on June 17.
Flexa, which describes itself as the “first ever digital currency payment option for brick-and-mortar retail,” aims to offer a blanket solution for cryptocurrency acceptance and spending. Its previous infrastructure token, Flexacoin (FXC), was converted to AMP late last year as part of an overhaul.
The replacement appeared to fare better than the original almost instantly, rising throughout 2021 from a starting value of just $0.006 — year-to-date gains of around 1,700%.
Flexa has already partnered with Canadian multinational e-commerce company Shopify. When the latter announced that it would expand its payment features to all Facebook and Google merchants this week, AMP cemented its ongoing bull run, jumping 25% in the past 24 hours alone as exchange Coinbase launched trading. In late May, U.S. food and retail chain Sheetz confirmed that it would begin accepting Bitcoin (BTC) payments using Flexa’s services.
“Since launching Flexa just over two years ago as the first ever digital currency payment option for brick-and-mortar retail, we’ve scaled to support more than 41,000 merchant locations across the US,” Tyler Spalding, co-founder and CEO of Flexa, commented last month.
AMP thus topped the chart of high-flying altcoins on Thursday, its daily returns double those of the next largest riser, XinFin Network (XDC). Overall, the picture for alts was mixed on the day, amid a cool-off for Bitcoin and larger market cap tokens including Ethereum (ETH).
In commentary, Cointelegraph contributor Rakesh Upadhyay said that it was a question of patience for most traders. “Given that there are large amounts of funds ready to flow into cryptocurrencies, another massive fall is unlikely,” he summarized. “However, that does not mean a new bull market will start in a hurry. Most major cryptocurrencies may enter a bottoming formation before starting the next trending move.”
The overall crypto market cap stood at $1.632 trillion, with Bitcoin’s share at 45.1%.
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
1 | BTC | Bitcoin predictions | 77.2% | 42 | $70 747.30 | 1.83% | 8.06% | $1 391 385 474 184 | ||
---|---|---|---|---|---|---|---|---|---|---|
2 | ETH | Ethereum predictions | 73.6% | 49 | $3 562.88 | 1.62% | 2.11% | $427 802 048 122 | ||
3 | USDT | Tether predictions | 91.6% | 1 | $1.000047 | 0.04% | 0.01% | $104 459 077 369 | ||
4 | BNB | Binance Coin predictions | 60% | 81 | $583.45 | 1.48% | 5.45% | $87 246 653 153 | ||
5 | SOL | Solana predictions | 61.6% | 88 | $189.52 | 1.65% | 5.62% | $84 203 450 543 | ||
6 | XRP | XRP predictions | 82.4% | 28 | $0.624522 | 2.04% | -2.50% | $34 276 432 402 | ||
7 | USDC | USD Coin predictions | 95.2% | 2 | $0.999973 | -0.02% | -0.02% | $32 393 119 264 | ||
8 | DOGE | Dogecoin predictions | 69.6% | 66 | $0.220042 | 15.62% | 41.73% | $31 610 806 562 | ||
9 | ADA | Cardano predictions | 66.8% | 65 | $0.650620 | 0.32% | 2.92% | $23 150 642 891 | ||
10 | AVAX | Avalanche predictions | 58.4% | 87 | $54.59 | 0.84% | 1.21% | $20 601 976 384 | ||
11 | SHIB | SHIBA INU predictions | 58% | 94 | $0.000032 | 6.08% | 17.58% | $18 854 404 148 | ||
12 | TON | Toncoin predictions | 59.2% | 87 | $4.90 | -1.21% | 20.72% | $17 017 490 377 | ||
13 | DOT | Polkadot predictions | 72% | 49 | $9.52 | 0.74% | 3.75% | $13 582 255 065 | ||
14 | LINK | Chainlink predictions | 78% | 42 | $19.16 | -0.71% | 3.91% | $11 248 559 422 | ||
15 | BCH | Bitcoin Cash predictions | 70% | 59 | $569.28 | 5.35% | 37.33% | $11 204 606 590 |
Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.
© 2015-2024 Crypto-Rating.com
The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.