Synereo (AMP) Price Hits $0.32 on Major Exchanges

Synereo (CURRENCY:AMP) traded down 8.5% against the US dollar during the one day period ending at 17:00 PM Eastern on February 13th. Over the last week, Synereo has traded 14.6% higher against the US dollar. One Synereo token can currently be bought for approximately $0.32 or 0.00003791 BTC on exchanges including Bittrex, HitBTC, Poloniex and Cryptopia. Synereo has a total market capitalization of $26.45 million and $1.01 million worth of Synereo was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed over the last day:

  • Ripple (XRP) traded 5.3% lower against the dollar and now trades at $1.02 or 0.00012055 BTC.
  • Stellar (XLM) traded up 5.6% against the dollar and now trades at $0.42 or 0.00004941 BTC.
  • NEO (NEO) traded 2.4% lower against the dollar and now trades at $110.75 or 0.01305660 BTC.
  • IOTA (MIOTA) traded 3.9% lower against the dollar and now trades at $1.79 or 0.00021074 BTC.
  • TRON (TRX) traded 6.9% lower against the dollar and now trades at $0.0430 or 0.00000507 BTC.
  • Tether (USDT) traded 0.2% lower against the dollar and now trades at $1.00 or 0.00011783 BTC.
  • VeChain (VEN) traded 2.5% lower against the dollar and now trades at $4.19 or 0.00049401 BTC.
  • ICON (ICX) traded 6.6% lower against the dollar and now trades at $3.93 or 0.00046345 BTC.
  • OmiseGO (OMG) traded 0.3% lower against the dollar and now trades at $12.84 or 0.00151351 BTC.
  • Populous (PPT) traded 12.1% lower against the dollar and now trades at $26.37 or 0.00310826 BTC.

Synereo Token Profile

Synereo (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 website is www.synereo.com. Synereo’s official Twitter account is @Synereo and its Facebook page is accessible here.

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.   “

Synereo Token Trading

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

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