Get Amp (AMP) all time high price, historical charts, latest news and other information.

Over time, the crypto market has maintained a close relationship with the stock market. Ethereum, the second-largest cryptocurrency, rose in lockstep with U.S. stocks for the first time in February. As a result, the token’s 40-day correlation coefficient with the S&amp;P 500 reached 0.65.
Despite the brake anxious investors have put on price activity in the past week, the Ethereum (ETH) price is poised to rise over the weekend. Although trading volume has increased over the last week, and thus should have resulted in more consistent fluctuations, price responsiveness has been affected by geopolitical news, earnings, and stock market whipsaws.
Ethereum Price Witnesses Turbulence
The price of Ethereum has had a grueling week for investors and traders, with large swings in response to earnings, geopolitical events, and investors turning from risk-on to risk-off like a light switch. But with volatility comes opportunity, and as all of these events wind down towards the weekend, bulls will have the playground to themselves and can drive the price up to $3,500 if they pick the right entry levels. Expect the RSI to rise over 50 again, with lots of room before trading into overbought territory.
According to statistics from Santiment, a crypto market behavior analysis tool, Ethereum has a strong (+ve) correlation with the S&amp;P 500 index. Following a 1.8 percent drop in the S&amp;P 500 index’s figures, the price of ETH increased by 3%.

Source: Santiment
The tweet from April 29th added,
“Aided by a +1.8% day in the SP500, Ethereum has jumped back above $2,930 with its tight correlation to equities markets.”
Now, as seen in the graph above, ETH’s most powerful buyers, the whales, have retaliated by buying additional ETH. On that day, the number of whale transactions worth more than $100,000 surged dramatically.
In a four-hour period, 1,451 such transactions were documented. The jump, according to Santiment, suggested that key stakeholders were paying attention to the price increase.
Suggested Reading | Metaverse Tokens On Overdrive, Outpace Bitcoin And Ethereum
Is Equities Market Correlation Good For ETH?
This wasn’t the first time ETH had shown signs of a developing relationship with the stock market. The two sank together on March 31st, as reported three weeks earlier, but began climbing again after April 1st. Ether surged in tandem with the SP500 since mid-March.
Every positive situation in the crypto-verse is accompanied with a negative counterpart. That is, after all, a fact. This scenario is no exception. Crypto’s strong association with equities, in particular, might work wonders. Different reputable entities, on the other hand, have censored cautionary situations for the same.

ETH/USD has remained below $3k. Source: TradingView
Arthur Hayes, the former CEO of BitMex, raised warning flags about this link in this instance. Surprisingly, the stock market appears to be headed for a huge drop through 2022 as the Federal Reserve tightens monetary policy to battle inflation.
Related Reading | Bitcoin Futures Basis Nears One-Year Lows, How Will This Affect BTC?
Featured image from Pixabay, Santiment, chart from TradingView.com


Over time, the crypto market has maintained a close relationship with the stock market. Ethereum, the second-largest cryptocurrency, rose in lockstep with U.S. stocks for the first time in February. As a result, the token&#8217;s 40-day correlation coefficient with the S&#38;amp;P 500 reached 0.6...

newsbtc.com

Ethereum Whale Transactions Climb As Correlation With S&P 500 Continues

Your eyes do not deceive you. That is a 1 to 1 scale O&#x2019;Neill Cylinder, in VRChat. So staggering is the scale that initially I assumed most&#x2026;Continue reading on AR/VR Journey: Augmented &amp; Virtual Reality Magazine »

arvrjourney.com

Postcards From the Virtual World, Vol. 3: Space Colonies

A few weeks back, I built a web app of the Solar System. It received a lot of positive feedback and they were excited to show it to their&#x2026;Continue reading on AR/VR Journey: Augmented &amp; Virtual Reality Magazine »

Expanding the reach of WebAR

Crypto markets appeared to have temporarily shaken off recent volatility, with AMP once again leading the day’s bulls. Terra’s LUNA also surged, climbing by as much as 20% during Friday’s trading session.
AMP
AMP is currently trading over 24% higher in today’s session, climbing to its highest level since last Saturday.
Friday’s rally in AMP came following a false breakout yesterday, at its floor of $0.0239, with prices now trading slightly above resistance.
The ceiling for AMP/USD lies at the $0.2950 level, and this was marginally broken, as prices rose to an intraday high of $0.02993.

It was less than 24-hours ago that AMP was trading at a low $0.02337, however bullish pressure seems to have shaken off-market uncertainty. 
As a result of this surge, the 14-day RSI rose to a 10-day high of 47.8, a level which has served as resistance in recent sessions. 
Should we see momentum continue upward, this ceiling could well be broken, and AMP could soon be trading at multi-week highs.

Terra (LUNA)
The second-biggest gainer today was LUNA, which has risen by nearly 40% in the last seven days of trading.
As of writing, LUNA/USD rose to a high of $68.80 on Friday, following four consecutive days of strong gains.
LUNA was trading at a low of $56.62 yesterday, which then followed a breakout of its $61.30 resistance, which was the main catalyst for today’s gain. 

Longer-term bulls decided to re-enter once this breakout occurred, and pushed prices to their highest level in the last four weeks.
The 14-day RSI is also currently tracking at its highest point in six weeks, following a break from the 58 resistance level.
Many bulls are likely going to be targeting $70.00 as a potential exit point.
Could we see this happen as early as tomorrow? Let us know your thoughts in the comments.



























Crypto markets appeared to have temporarily shaken off recent volatility, with AMP once again leading the day&#x2019;s bulls. Terra&#x2019;s LUNA also surged, climbing by as much as 20% during Friday&#x2019;s trading session. AMP AMP is currently trading over 24% higher in today&#x2019;s session,...

Amp price	$0.013093
Low - High 24H	$0.012934 - $0.013339
Market cap	$629.92M
Volume 24H	$5.43M
All time high	$0.120813 -89.17% June 16th 2021
All time low	$0.002505 422.22% November 4th 2020
Genesis date	N/A

Recently viewed

Trending

Amp (AMP)

Performance

Amp News

Quick stats