Post
Topic
Board Announcements (Altcoins)
Re: [ANN] AMP - The Currency That Powers Your Attention On Synereo
by
asian386
on 15/11/2016, 19:41:25 UTC
At the moment a strong bottom is being build, around the 9/10/11 $ cent level. Technicals to buy AMP now look great. AMP went down over 60% since ATH and it found support at previous support levels seen in the beginning of august ($ chart), it will be very hard to break through it. There was a lot of panick selling lately and when there is fear and blood in the street you buy..... These are the moments to make money.

On top of the great looking technicals there is a bullish event coming up which might trigger the start of a new bull market. Synereo said to burn 'unsold tokens'. 45 million AMPs were put aside for the fundraising campaign which raised 4.7 million $ about a month ago. There is 27 million AMP left in that wallet. So it is fair to say 27 million will be burned. This can happen any moment now. This will be very bullish for the market. The 3th time that Synereo will burn coins. This is great, the pool of AMPs only get smaller and smaller! Love it!