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Crypto market: the latest news regarding Amp (AMP), The Graph (GRT) and Polkadot (DOT)

How is the crypto market performing? More specifically, what is the price trend for the coins Amp (AMP), The Graph (GRT) and Polkadot (DOT)? Below is an overview regarding the latest news on the cryptocurrencies listed above.

Analysis of the crypto assets Amp (AMP), The Graph (GRT) and Polkadot (DOT)

It is worth noting that Amp (AMP) is an Ethereum token that aims to apply guarantees on payments made in the Flexa network, making them instantaneous and secure.

The Graph, on the other hand, is a decentralized protocol that aims to index data on blockchain. One can compare its operation to that of a search engine, such as Google, with the difference being that The Graph operates on decentralized networks.

Finally, Polkadot is a blockchain and cryptocurrency platform. The native cryptocurrency for the Polkadot blockchain is DOT. It is designed to allow blockchains to exchange messages and perform transactions with each other without a trusted third party.

AMP crypto: how does the coin perform compared to The Graph and Polkadot?

As anticipated, Amp is an Ethereum token that aims to enforce guarantees on payments made in the Flexa network.

This means that if a payment in BTC or ETH fails due to high or unconfirmed transaction times, the Amp guarantee can be liquidated to cover losses while the seller receives payment in fiat currency, and this potentially reassures both parties.

The price of Amp (AMP) today is $0.00383114 with a 24-hour trading volume of $7,477,927. This represents a price increase of 0.78% in the last 24 hours and an increase of 3.85% in the last 7 days.

In addition, with a circulating supply of 56 billion AMP, Amp has a market capitalization of $214,991,022. Amp’s (AMP) trading volume was $7,478,410 in the past 24 hours, which represents a 38.60% increase from a day ago and signals a recent increase in market activity.

With a price increase of 3.70% over the past 7 days, Amp (AMP) is outperforming the global cryptocurrency market which is up 1.90% , while underperforming similar cryptocurrencies in the Ethereum ecosystem which are up 12.70%.

Another interesting factor concerning the crypto is that over the past 24 hours, on all social media platforms, Amp has achieved an average sentiment score of 3 out of 5. Unfortunately, Amp is making less news, with zero articles published related to Amp.

By contrast, on Twitter, the majority of users commenting on Amp have a neutral sentiment. 8.7% of tweets expressed bullish sentiment compared to 8.7% of tweets with bearish sentiment.

The Graph (GRT) crypto price: uncertainties in buyers

The current price of The Graph (GRT) crypto is $0.1229 with a gain of 0.90% during the trading session. In addition, the GRT/BTC pair is trading at 0.000005033 BTC with a decline of 0.73% in the last few hours.

Hence, GRT is trading below the 20-day daily moving average and above the 50,100, 200-day exponential moving average. This means that the chart’s price fluctuations make it difficult for investors to decide whether to proceed: it seems that buyers of GRT are not sure.

In fact, both bulls and bears are engaged in a combative struggle. The bears are retreating, while the bulls are working hard to drive the price up. Investors are eagerly awaiting any changes in the currency’s price.

Not only that, it is also worth noting that the primary support level of $0.135 seems to be the price target for GRT. This means that the price of GRT will be easy for the bears to influence if bullish people do not try very hard and could be pushed up to the secondary support level of $0.113.

Bulls could gain control of the currency price and push it up to the primary resistance level of $0.162 if they develop better strategies to defeat the bears. Alternatively, if the bears’ attempt to manipulate the price is unsuccessful, it could rise to the secondary resistance level of $0.184.

In order to move the GRT price to their preferred areas, both the bulls and the bears must exert a lot of force. In any case, the continued decline in The Graph’s volume shows that short selling pressure is increasing.

Polkadot: blockchain communication platform coming soon?

Recently, Polkadot filed a trademark registration for what appears to be a blockchain-based messaging application, according to a recent filing.

The phrase “Polkadot Converse” has been registered as a trademark, with additional information about the app added in the “goods and services” section of the filing.

Specifically, the trademark covers software for social networking, software for creating, managing, and interacting with an online community, software for creating, software for sending and receiving electronic messages, graphics, images, and audio content.

Despite several attempts by the likes of Steemit, Tether’s Keet, and more recently Nostr, social media have never really clicked in Web3.

Moreover, Polkadot (DOT) remains the 11th largest cryptocurrency with a market capitalization of about $7.5 billion, according to CoinDesk data . A foray into social media and instant messaging would change Polkadot’s focus, which had previously concentrated efforts on its parachain technology and fast transaction speeds.

Alessia Pannone
Alessia Pannone
Graduated in communication sciences, currently student of the master's degree course in publishing and writing. Writer of articles from an SEO perspective, with care for indexing in search engines.