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Highlights
- Ramp is a protocol on the Ethereum blockchain for decentralized finance (DeFi) infrastructure.
- RAMP crypto price has expanded by 26.7 per cent in the last 24 hours.
- Ramp is popular among investors due to its ability to increase yields for Ethereum users.
The volume of Ramp's native token skyrocketed by 690 per cent in the last 24 hours, bringing its price up by 26.7 per cent to US$ 0.4066 per token, according to CoinMarketCap.
The surge in the crypto prices came as major cryptocurrencies witnessed consolidation on Friday, September 3. At 12AM EST, six out of the top 10 cryptocurrencies in terms of market capitalization were trading in green.
Digital currencies like Dogecoin and Solana gained momentum, and the latter clocked an all-time high on September 3. In addition, the market cap of global cryptocurrencies reportedly stood at US$ 2.23 trillion.
Also Read: Dromos crypto: Price prediction and everything to know about DRM token
What is Ramp platform?
It is a decentralized finance (DeFi) protocol developed over the Ethereum blockchain. The protocol was created to increase the potential of DeFi services by allowing non-Ethereum users to stake tokens on the Ethereum blockchain.
The cryptocurrency platform is popular among investors due to its ability to increase yields for Ethereum users by interacting with the Ramp protocol.
In March 2021, the protocol integrated its liquidity pool with the Binance Smart Chain. The integration allows users to swap the RAMP token back from BSC to Ethereum during any time of the day.
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To keep the data safe, Ramp has a partnership with the Crust Network. This network helps the protocol to secure blockchain-listed data storage, and it can also provide liquidity on the digital token holdings of the users.
RAMP crypto's price movements and prediction
RAMP token soared by 32.6 per cent in the last two weeks and by 111 per cent since the past month.
At 6AM EST on Friday, the crypto token was trading 3382 per cent higher than its all-time low of US$ 0.01171 per token (October 30, 2020).
Also Read: Can Polkadot hit all-time high? What is DOT token’s price prediction?
In August 2021, Ramp became the eighth crypto firm to get registered with the Financial Conduct Authority (FCA), which is a financial services watchdog in the United Kingdom.
The FCA registration is likely to increase the DeFi protocol’s user base, which could push RAMP token to reach US$ 2 per token by the end of this year and to US$ 5 apiece by 2025.
Bottom line
Demand for decentralized financial services is expected to rise in future as it doesn't require a need for a third party. To buy the RAMP token, users can access cryptocurrency exchanges like Binance, Hotcoin Global and FTX.
To get the RAMP token from decentralized exchanges, users can visit UniSwap or Gate.io.
