This Cryptocurrency Has Escaped The Bloodbath

This Cryptocurrency Has Escaped The Bloodbath

There’s a bloodbath going on in the cryptocurrency markets. In the past two months, the price of Bitcoin (CRYPTO: BTC) has fallen from $63,000 to around $38,000. And over the last month, the price of Ethereum (CRYPTO: ETH) has dropped from $4,200 to current levels around $2,400.

Almost every other cryptocurrency has followed them lower.

But AMP (CRYPTO: AMP) is different. Last week it started trading on Coinbase (Nasdaq: COIN). This has led to a rally.

There’s a good chance that some of the money that is coming out of the other cryptos is going into AMP and that is pushing it up. If the bloodbath continues, AMP could move even higher.

(Click on image to enlarge)

amp.png

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.