Why is the Ethereum-based amp going up in a bear market? – Ethereum – United States dollar ($ ETH)

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Amp (CRYPTO: AMP) climbed 23.59% over 24 hours to $ 0.0655 early Tuesday morning.

What is moving? The Ethereum-based token (CRYPTO: ETH) rose 22.27% over a seven-day period.

AMP rose 24.74% against ETH, while it gained 25.7% against the apex cryptocurrency Bitcoin (CRYPTO: BTC) over 24 hours.

Amp, a digital warranty token for use on networks like Flexa, hit an all-time high of $ 0.1211 in June of this year. At time of printing, it was trading 45.35% below this level.

Since the start of the year, the AMP has appreciated by 259.1%.

See also: How to buy an amplifier (AMP)

Why is it moving? The AMP surge comes despite a decline seen in major coins as the global cryptocurrency market cap fell 0.71% to $ 2.550 billion at the time of publication.

AMP received a lot of interest from retail traders at the time of publication and was the trending name on Stocktwits. The coin has also been seen as trending on cryptocurrency price tracking websites CoinMarketCap and CoinGecko.

AMP was mentioned in 1,632 tweets and saw relatively low mentions on Twitter at the time of publication, according to data from Cointrendz.

The most mentioned coins BTC and ETH drew 10,782 and 6,735 tweets respectively.

The largest cryptocurrency by volume, Binance, announced Monday that it will list AMP. Trading for AMP / BTC, AMP / BNB, AMP / USDT and a number of other pairs will begin on Tuesday, according to the platform led by Changpeng Zhao.

Earlier this month, Voyager Digital Ltd (OTC: VYGVF) listed AMP on its Voyager app.

Join us to welcome @amptoken $ AMP in the #Voyager app

The #Amp token serves as a guarantee to provide additional security to your transactions

Head to the app to redeem $ AMP. pic.twitter.com/uAgSW3FH6c

– Voyager (@investvoyager) November 17, 2021

Notably, the Voyager token has also climbed 82.44% over the past week thanks to the drop seen in the apex coin.

Read more: “Fear” takes hold of Bitcoin, Ethereum, Dogecoin, Shiba Inu: Is the rise of the US dollar a spelling problem for cryptos?

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