RAMP Price Overview
The current RAMP price is EUR. The price has changed by EUR in the past 24 hours on trading volume of EUR. The market rank of RAMP is based on a market capitalization of EUR. RAMP has a circulating supply of . The highest recorded RAMP price is EUR. And the lowest recorded RAMP price is EUR.
RAMP is a decentralized blockchain protocol that aims to encourage decentralized finance adoption by enabling non-Ethereum crypto holders to use their capital on ETH platforms. It also makes it possible for existing Ethereum users to use the RAMP protocol to increase their staking yields.
The protocol seeks to maximize the capital efficiency of stacked crypto assets, to stack multiple yield streams, and to unlock liquidity from already staked digital assets. To achieve this, RAMP DeFi allows the staked capital of non-ERC-20 blockchains to be used as collateral to mint RAMP’s bespoke ERC-20 stablecoin, rUSD. Users who already hold ERC-20 tokens can also convert these into eUSD, which can then be used in RAMP’s liquidity pool. The immediate consequence of this is that it provides liquidity to rUSD and eUSD holders with capital locked into staking arrangements. In return, eUSD users can earn interest by lending out their digital holdings.
We have put together everything you need to know in order to get a better understanding of RAMP price and how it has performed in the past.
RAMP Price History
From the moment it first hit crypto exchanges in October 2020, the price of RAMP coin initially dropped to what proved to be its all-time low within the first few days of trading. Although it quickly recovered, demand and general market activity remained subdued into the new year. Reaction to the energetic bull run that was emerging in crypto markets at the time was restrained but RAMP price did see a jump of over 300% by mid-December 2020.
By January 2021, it was becoming evident that this initial bullish movement was just the beginning of a more pronounced reaction to general trends in the crypto markets. As Bitcoin broke through the $30,000 mark and passed $40,000, RAMP value also shot up to over 420% of its December price.
The price of RAMP continued to keep pace with the crypto markets and punched through the $1 mark to hit its all-time high in late March. When the crypto markets crashed in May, in response to the Elon Musk effect and saber-rattling by Chinese regulators, the price of RAMP also dropped through the floor. Although it lost more than 87% of its value compared with its peak price in just over two months, RAMP bottomed out at a respectable $0.13. This was still many times more than what early adopters had paid for the token the year before.
In what appears to be a continuation of its responsiveness to broader market movements, the price of RAMP experienced fresh growth in mid-2021, just as bullish sentiment returned to the crypto markets.
Analyzing RAMP Price History
RAMP price history can be analyzed with many of the same techniques as the stock market. Technical analysis involves using various indicators while studying price charts in order to make sense of previous price movements. With RAMP, as with many other tradable assets, large price swings are often accompanied by spikes in trading volume, as a large number of traders buy or sell their coins on exchanges.
Fundamental analysis, on the other hand, looks at the finances and activities of a company, as well as the state of the wider market and economy. For RAMP, this will mean how widely its DeFi protocol is adopted, since greater adoption will result in more demand for the RAMP token and could provoke a price increase. Another factor is broader confidence in the DeFi sector, which could also result in more demand for solutions such as RAMP DeFi.
However, the price of RAMP has not shown a great deal of responsiveness to the fundamentals of the project itself and has instead reacted more to broader market trends. For example, just as the RAMP DeFi project was rolling out additional functionality and fresh partnerships with other tokens, its price was dropping along with the crypto crash that took place in Q2 2021.
The overall price trend of RAMP follows what’s known as a boom-and-bust cycle. This is a pattern in which a period of growing excitement leads to a surge in price before doubt and disillusionment set in and result in a crash.
Factors Influencing the Price of RAMP
As with most cryptocurrencies, a variety of factors can affect the price of RAMP. One of these is the scarcity of the RAMP token itself, which is in part driven by the fact that its maximum supply is capped at 1 billion RAMP. Scarcity is additionally impacted by the fact that RAMP has a burning mechanism, which permanently erases tokens, limiting their supply further.
Project news could also impact RAMP price, as the development team seeks to add new supported blockchains or to attract additional investors. Further developments could be seen as positive signals by the markets and have the potential to result in increases in RAMP value.
An additional driver of the value of RAMP is the general adoption of the RAMP DeFi ecosystem. The greater the number of active users, the more demand there will be for the RAMP token and this could increase the price of RAMP on exchanges. Continued growth of the staking economy – which has grown to more than $300 billion in 2021 – combined with a greater appetite for the DeFi sector as a whole could also have a positive impact on the value of the RAMP token.
Currently, the greatest impact on RAMP price action still comes from trends in the crypto markets more generally. All of the peaks and troughs in the token’s price history have come on the back of bullish or bearish sentiment in the crypto markets and Bitcoin more specifically. Therefore, traders in RAMP will want to keep an eye on the sort of news events and other developments that are likely to move crypto markets as a whole, since this will likely have the greatest effect on the value of their RAMP holdings.
Live RAMP Value and Market Cap
The market price of RAMP varies from moment to moment as it’s dictated by the balance of buyers and sellers on exchanges, which is in constant flux.
The market cap of RAMP is equal to the market price of RAMP multiplied by the number of RAMP tokens in circulation. Cryptocurrencies are often ranked by their market cap.
RAMP Price FAQ
What Is the Highest Price of RAMP in EUR?
RAMP price history shows that RAMP has recorded a peak value of EUR.
What Is the Lowest Price of RAMP in EUR?
Kriptomat data confirms that EUR is the lowest recorded RAMP value.
How Can I Buy RAMP?
There’s no need to consult an expert to tell you how to buy RAMP. It’s fast and easy to buy RAMP at Kriptomat. RAMP is available for immediate purchase at the current RAMP price quote of EUR. Current prices are always displayed in the RAMP chart.
What Is the Current Price of RAMP in EUR?
RAMP is available for immediate purchase at Kriptomat. The current price is EUR.
How is the Price of RAMP Calculated?
The price of RAMP at any given moment is decided by the balance of supply and demand on exchanges. When more people are buying RAMP than selling it, the price goes up, and when more are selling than buying, the price goes down.
What Will RAMP be Worth in the Future?
It is, of course, impossible to make price predictions with any kind of absolute certainty, as a whole host of different factors could play a role in determining the future RAMP value. However, if increasing numbers of digital asset stakers choose to use the RAMP platform in the future and the number of RAMP users goes up, demand for the RAMP token will increase. Correspondingly, RAMP price could also see an increase.
It should also be noted that the RAMP platform charges fees and interest rates and that this positive economic value accrues back to the RAMP token through buybacks and token burns. Because the RAMP token has a fixed total supply and can no longer be minted, burns remove tokens from circulation permanently and could impact demand for the remaining coins.
Why is the Price of RAMP Different on Different Exchanges?
RAMP price is based purely on trading as there is no standard global RAMP price, so no one knows what it is “supposed” to cost. The trading volume and liquidity are different for each exchange and those differences are what affect the price.
The RAMP token was released to crypto exchanges at a time of great volatility for crypto markets and is still sailing on these rough waters. Only time will tell how the project’s fundamentals will impact demand for the RAMP token and its future price.
That said, continued interest in the DeFi sector is likely to lend buoyancy to solutions like RAMP that seek to collateralize staking across blockchains. If the RAMP ecosystem continues to evolve along with new developments in the crypto and DeFi sectors, it will certainly continue to generate interest. For traders and users interested in the DeFi arena, this will be a token to keep an eye on in the future.
If you want to get started with the most user-friendly trading experience on the market, register with Kriptomat today to begin your journey into the world of RAMP and other cryptocurrencies!