Synereo (AMP) Market Cap Achieves $22.40 Million

Synereo (CURRENCY:AMP) traded 7.9% higher against the U.S. dollar during the one day period ending at 21:00 PM E.T. on March 17th. Synereo has a market capitalization of $22.40 million and $19.94 million worth of Synereo was traded on exchanges in the last 24 hours. One Synereo token can currently be purchased for about $0.22 or 0.00003142 BTC on major cryptocurrency exchanges including HitBTC, Cryptopia, Poloniex and Bittrex. Over the last seven days, Synereo has traded 7% higher against the U.S. dollar.

Here is how other cryptocurrencies have performed over the last 24 hours:

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  • Ripple (XRP) traded 3.4% higher against the dollar and now trades at $0.51 or 0.00007140 BTC.
  • Stellar (XLM) traded 3.4% higher against the dollar and now trades at $0.21 or 0.00002955 BTC.
  • NEO (NEO) traded 8.9% higher against the dollar and now trades at $50.93 or 0.00719543 BTC.
  • IOTA (MIOTA) traded 5.2% higher against the dollar and now trades at $1.04 or 0.00014657 BTC.
  • TRON (TRX) traded up 2.2% against the dollar and now trades at $0.0378 or 0.00000534 BTC.
  • Tether (USDT) traded 0.1% lower against the dollar and now trades at $1.00 or 0.00014119 BTC.
  • Binance Coin (BNB) traded down 2.7% against the dollar and now trades at $12.12 or 0.00171179 BTC.
  • VeChain (VEN) traded 2.9% higher against the dollar and now trades at $2.59 or 0.00036609 BTC.
  • OmiseGO (OMG) traded 3.5% higher against the dollar and now trades at $9.70 or 0.00136986 BTC.
  • Ontology (ONT) traded 6.7% lower against the dollar and now trades at $3.46 or 0.00048820 BTC.

Synereo Token Profile

Synereo uses the hashing algorithm. It launched on March 19th, 2016. Synereo’s total supply is 622,410,799 tokens and its circulating supply is 100,728,564 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. The official website for Synereo 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 purchased on the following cryptocurrency exchanges: Bittrex, Poloniex, HitBTC and Cryptopia. It is not currently possible to buy Synereo directly using U.S. dollars. Investors seeking to acquire Synereo must first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Synereo using one of the exchanges listed above.

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