Synereo (AMP) Market Capitalization Tops $40.28 Million

Synereo (CURRENCY:AMP) traded down 13% against the US dollar during the 1 day period ending at 11:00 AM E.T. on January 22nd. One Synereo token can currently be bought for $0.49 or 0.00004681 BTC on major cryptocurrency exchanges including HitBTC, Bittrex, Cryptopia and Poloniex. Over the last week, Synereo has traded 45.3% lower against the US dollar. Synereo has a market cap of $40.28 million and $886,020.00 worth of Synereo was traded on exchanges in the last day.

Here’s how other cryptocurrencies have performed over the last day:

  • Ripple (XRP) traded 14% lower against the dollar and now trades at $1.20 or 0.00011454 BTC.
  • Stellar (XLM) traded down 4.7% against the dollar and now trades at $0.44 or 0.00004236 BTC.
  • NEO (NEO) traded 11.6% lower against the dollar and now trades at $117.34 or 0.01121560 BTC.
  • IOTA (MIOTA) traded down 13.6% against the dollar and now trades at $2.36 or 0.00022578 BTC.
  • TRON (TRX) traded 8.9% lower against the dollar and now trades at $0.0659 or 0.00000630 BTC.
  • ICON (ICX) traded down 12.5% against the dollar and now trades at $7.68 or 0.00073397 BTC.
  • VeChain (VEN) traded up 6.4% against the dollar and now trades at $8.14 or 0.00077792 BTC.
  • Tether (USDT) traded down 0.8% against the dollar and now trades at $1.00 or 0.00009570 BTC.
  • OmiseGO (OMG) traded down 13.3% against the dollar and now trades at $14.95 or 0.00142860 BTC.
  • Populous (PPT) traded down 7.8% against the dollar and now trades at $39.89 or 0.00381325 BTC.

Synereo Token Profile

AMP uses the hashing algorithm. Its genesis date was March 19th, 2016. Synereo’s total supply is 949,291,063 tokens and its circulating supply is 82,256,324 tokens. The Reddit community for Synereo is /r/synereo and the currency’s Github account can be viewed here. Synereo’s official Twitter account is @Synereo and its Facebook page is accessible here. Synereo’s official website is www.synereo.com.

According to CryptoCompare, “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.   “

Buying and Selling Synereo

Synereo can be traded on the following cryptocurrency exchanges: HitBTC, Poloniex, Bittrex and Cryptopia. It is not currently possible to buy Synereo directly using U.S. dollars. Investors seeking to trade Synereo must first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Synereo using one of the exchanges listed above.

Receive News & Updates for Synereo Daily - Enter your email address below to receive a concise daily summary of the latest news and updates for Synereo and related cryptocurrencies with MarketBeat.com's FREE CryptoBeat newsletter.

Leave a Reply