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The Flexa network is among the reasons why many investors started looking into the AMP token. Flexa is a cryptocurrency payment network that makes it possible for merchants globally to access crypto payments.Īs cryptocurrencies continue to gain mainstream adoption in their use case as a payment option, the Flexa payments network can end up getting a real use case in the real financial sector and continue to be endorsed by shoppers and merchants globally. AMP is the native cryptocurrency used on the Flexa payment network. Now that Binance will be listing the AMP token, an investor considering investing in this token needs to ask themselves what it is and whether it is a worthy investment. If AMP can benefit from this and is listed on other leading exchanges, it could maintain its current price gains. Some coins can maintain the uptrend after getting listed on a major exchange because it could prompt other top exchanges to list the token. As the largest exchange platform, Binance attracts many users globally hence, when this token is made available, its value is expected to skyrocket due to increased demand and trading volumes.Ĭryptocurrencies usually make notable gains when they are listed on a major exchange, in what is known as the “listing effect.” This is because new listings are usually expected to come with major gains hence such announcements attract short term traders to increase their positions to benefit from the short-term price movement. So, why is AMP surging while the rest of the market is down? Binance to list AMPīinance, the largest cryptocurrency exchange platform, has announced that it will be listing the AMP token, fuelling demand. However, with AMP, the opposite is happening, and buyers are amassing more tokens, and the demand has pushed the coin to a monthly high of $0.06, and many analysts have stated that if the gains continue, the coin could push to $0.1. Bitcoin has slumped to $56k, with the majority of the market also slumping and moving to lower levels. The gains are standing out because the rest of the market is weakening. Over the past 24 hours, AMP has gained over 33%, and it is among the most-traded coins in the market. One of the coins that is making major gains currently is the AMP token. As the crypto world goes mainstream, many investors are looking for the perfect opportunities in the market that could lead to notable price gains.