Yes compared to the dollar but not to BTC, so when BTC rises in value to USD, AMP would rise twice as hard since it's already relative ahead of in BTC.
It's like 1 btc now is 2000$, and AMP is like 10000 satoshi, if BTC goes down to 1000 $, then AMP could go to 20000 satoshi, and when BTC goes back to 2000$ , the price of AMP will grow 4x more compared to the USD.
It's more like that than anything else.
I don't know how thing are going in your world, but in my world AMP lost value both against the USD and BTC. You are really losing a lot of credibility with your denial that alts go down hard when BTC crashes. Every investor knows this. Why don't you ?