Synereo (CURRENCY:AMP) traded 4.6% lower against the US dollar during the twenty-four hour period ending at 10:00 AM E.T. on February 4th. One Synereo token can now be purchased for approximately $0.36 or 0.00004271 BTC on exchanges including Bittrex, Poloniex, HitBTC and Cryptopia. Synereo has a market cap of $29.55 million and $354,497.00 worth of Synereo was traded on exchanges in the last 24 hours. During the last seven days, Synereo has traded 1.3% higher against the US dollar.
Here’s how other cryptocurrencies have performed during the last 24 hours:
- Ripple (XRP) traded 3.4% lower against the dollar and now trades at $1.06 or 0.00012625 BTC.
- Stellar (XLM) traded 4.7% lower against the dollar and now trades at $0.39 or 0.00004616 BTC.
- NEO (NEO) traded down 2.2% against the dollar and now trades at $109.12 or 0.01296600 BTC.
- IOTA (MIOTA) traded 4.9% lower against the dollar and now trades at $1.81 or 0.00021451 BTC.
- TRON (TRX) traded 6.5% lower against the dollar and now trades at $0.0456 or 0.00000542 BTC.
- Tether (USDT) traded down 0.7% against the dollar and now trades at $1.00 or 0.00011875 BTC.
- VeChain (VEN) traded 8.1% lower against the dollar and now trades at $4.17 or 0.00049599 BTC.
- ICON (ICX) traded down 6.8% against the dollar and now trades at $3.97 or 0.00047160 BTC.
- OmiseGO (OMG) traded 0.2% lower against the dollar and now trades at $12.54 or 0.00149028 BTC.
- Binance Coin (BNB) traded 2.8% lower against the dollar and now trades at $9.24 or 0.00109818 BTC.
Synereo Token Profile
Synereo (AMP) uses the hashing algorithm. It launched on 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. The official website for Synereo 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 traded on the following cryptocurrency exchanges: Cryptopia, HitBTC, Bittrex and Poloniex. It is not presently 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 GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Synereo using one of the exchanges listed above.
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