Synereo (AMP) plunges -14.14% on December 12-13

December 13, 2017 - By wolcottdaily

Synereo (AMP) had a bad 24 hours as the cryptocurrency declined $-0.06 or -14.14% trading at $0.36. According to Global Crypto Analysts, Synereo (AMP) eyes $0.39 target on the road to $0.88. AMP last traded at BitTrex exchange. It had high of $0.42 and low of $0.31 for December 12-13. The open was $0.42.
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Synereo (AMP) is up 136.61% in the last 30 days from $0.15 per coin. Its up 93.26% in the last 100 days since when traded at $0.19 and the annual trend is up. 200 days ago AMP traded at $0.19. AMP has 82.26M coins mined giving it $29.50M market cap. Synereo maximum coins available are 927.79 million. AMP uses algorithm and Pow/PoSC proof type. It was started on 19/03/2016.

AMPs Synereo s content flow currency serve as a way to Amplify the flow of information in the network. AMPing content increases its ability to propagate to peers and the chances of it being seen by more users. This gives them an inherent market value as any business or individual wishing to bring information to your attention non-organically has to pay you with AMPs for it.

Value

The AMP is unlike any other cryptocurrency as it is backed by a commodity for which there is always demand and that can be purchased only with AMPs – the attention of its users.

Read more about Synereo s crypto-token the AMP and why it has an inherent use and value on the Synereo network.

Value Appreciation

As users join the network AMPs become more effective in acquiring attention. A similar amount of AMPs on the more mature and larger network will allow a piece of content to reach the attention of more users on it increasing the value of each AMP.

As well a larger user base generates more interaction and content in circulation increasing the total amount of attention allocated to and available on Synereo.

As Synereo functions as a platform for new applications and markets AMPs may eventually become a de-facto currency.

Extensibility

Synereo enables a new wave of distributed applications that piggyback on the social platform and its user base. Music streaming content distribution distributed marketplaces collaborative platforms and many other applications can all take advantage of Synereo s fully decentralized and distributed technology and deploy systems that truly benefit both businesses and end users while removing the need for any middleman.

Synereo is open-source and very modular designed for rich extensibility. AMPs can power the delivery of any content across this distributed cloud and the apps running on top of it.

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