What's Behind AMP Crypto Coins?

At a time when the cryptocurrency market is collapsing in the last week until now, there is one digital coin that still exists in movement. The digital coin is Amp (AMP).
Last week, as Bitcoin and other major cryptocurrencies collapsed, AMP became the cryptocurrency that recorded a nearly 50% rise in the last 7 days. At the same time as Bitcoin, AMP is trading at US$ 0.087/coin or Rp 1,251/coin.
On June 16, AMP recorded an all-time high of US$ 0.121/coin, equivalent to Rp 1,740/coin. AMP skyrocketed last week after being included in Coinbase's list
As a result of this week's sharp increase amp market capitalization soared. On May 16, AMP came in 224th, now with a market capitalization of about US$ 3.08 billion AMP ranks 28th in cryptocurrencies.
However, in morning trading today, Amp crypto is observed to weaken along with other cryptocurrencies.
Based on data from CoinMarketCap at 10:22 a.m., Amp's digital coin slumped 17.68% to US$ 0.07077/coin or equivalent to Rp 1,019.8/coin (assuming Rp 14,410/US$).

As reported from CoinMarketCap and its website, AMP is a digital coin used to guarantee payments on the Flexa Network that are claimed to be more instantaneous and secure.
Amp also provides all-value exchange guarantee services such as property sales, digital payments, fiat currency exchanges, and loan distribution.
Flexa Network is built on Ethereum following the ERC20 standard for digital coins. The network supports large cryptocurrencies such as Bitcoin and Ethereum, so AMP can be used as a guarantee of payment via crypto.
If the payment is unsuccessful or delayed, AMP may be a liquid able guarantee to resolve the payment issue. Amp is therefore an additional security system for both parties to make transactions.
"As a guarantee, Amp guarantees any transfer value while it is still unconfirmed, a process that can take anywhere from seconds to hours to days," the Amp developer said.

AMP's price skyrocketed after it was listed on the crypto trading and exchange platform, Coinbase. Before being listed on Coinbase, competitor Gemini had first announced AMP was on its platform in September last year.