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 ?
You dont understand me, I havent said that AMP price didnt went down in BTC.
What I am saying is that when it rebounces it could go up way more in respect to USD than before if it takes over a few % from BTC.
It's all relative, the USD value is pretty much the benchmark because that covers the BTC value as well.
But you fail to realize that more money could come from the BTC market cap into AMP than from the USD.
Who is going to buy AMP directly with USD? Nobody.
So what will happen is that value from BTC will trickle down into AMP, regarless of how much that is worth in USD.
And then AMP will be worth way more when BTC rises up next time, since if the AMP/BTC rises, then the AMP/USD rises even more.