Flexa AMP cryptocurrency hits new highs on Coinbase listing — Up 1,700% in 2021

Flexa AMP cryptocurrency hits new highs on Coinbase listing — Up 1,700% in 2021

“The payment system’s in-house token passes $0.11 as partner Shopify plans to reach out to Facebook and Google merchants.
The in-house token of cryptocurrency payments app Flexa, AMP, has hit new all-time highs after being listed on major exchange Coinbase.Data from Cointelegraph Markets Pro and TradingView showed AMP/USD reaching $0.11 per coin for the first time on June 17.AMP nears $0.12 as best-performing altcoinFlexa, which describes itself as the “first ever digital currency payment option for brick-and-mortar retail,” aims to offer a blanket solution for cryptocurrency acceptance and spending. Its previous infrastructure token, Flexacoin (FXC), was converted to AMP late last year as part of an overhaul. The replacement appeared to fare better than the original almost instantly, rising throughout 2021 from a starting value of just $0.006 — year-to-date gains of around 1,700%.Flexa has already partnered with Canadian multinational e-commerce company Shopify. When the latter announced that it would expand its payment features to all Facebook and Google merchants this week, AMP cemented its ongoing bull run, jumping 25% in the past 24 hours alone as exchange Coinbase launched trading.AMP/USD 1-day candle chart (Bittrex). Source: TradingViewIn late May, U.S. food and retail chain Sheetz confirmed that it would begin accepting Bitcoin (BTC) payments using Flexa’s services.“Since launching Flexa just over two years ago as the first ever digital currency payment option for brick-and-mortar retail, we’ve scaled to support more than 41,000 merchant locations across the US,” Tyler Spalding, co-founder and CEO of Flexa, commented last month.Glimmers of hope in flat crypto landscapeAMP thus topped the chart of high-flying altcoins on Thursday, its daily returns double those of the next largest riser, XinFin Network (XDC).Overall, the picture for alts was mixed on the day, amid a cool-off for Bitcoin and larger market cap tokens including Ethereum (ETH).Related: Dip-buyers anticipate further downside after Bitcoin price falls to $38KIn commentary, Cointelegraph contributor Rakesh Upadhyay said that it was a question of patience for most traders.“Given that there are large amounts of funds ready to flow into cryptocurrencies, another massive fall is unlikely,” he summarized. “However, that does not mean a new bull market will start in a hurry. Most major cryptocurrencies may enter a bottoming formation before starting the next trending move.”The overall crypto market cap stood at $1.632 trillion, with Bitcoin’s share at 45.1%.”

Source: Cointelegraph.com News

AnRKey X Lists on AscendEX

“AscendEX is thrilled to announce the listing of the AnRKeyX Token (ANRX) under the trading pair ANRX/USDT on AscendEX starting on Dec 7 at 2 p.m. UTC. In celebration of the listing of AnRKeyX token (ANRX), AscendEX and the AnRKeyX team will launch several limited-time promotional events between 2:00 a.m.

Bitcoin could ‘consolidate until 2022’ after mass wipeout sends BTC price to $41K

“$2.5 billion liquidated across cryptocurrency in a mass rout which sends Bitcoin price action back to the end of September. Bitcoin (BTC) traded near $47,000 on Dec. 4 after a sudden crash confirmed bulls’ worst nightmares with 22% daily losses.BTC/USD 1-day candle chart (Bitstamp). Source: TradingViewCrypto liquidations pass $2.5 billionData

El Salvador at it again, Nayib Bukele announces purchase of 150 Bitcoin

“While the entire cryptocurrency industry is reeling under a massive dip, President of El Salvador once again managed to find the silver lining in this storm. Earlier today, Nayib Bukele announced on Twitter that the island country had once again bought the dip as Bitcoin continued on its downward spiral.

Ethereum Might Dethrone Bitcoin as Best Crypto Store of Value, Study Argues

“A recent paper authored by members of several universities, including Sydney and Macquarie, argues that recent changes in Ethereum monetary policy are making it a better store of value than bitcoin. The deflationary effect that the EIP-1559 proposal has caused in the issuance of the currency is said to be