Still cant understand why AMP is in top10 coinmarketcap ?!
Many reasons.
#1 This is an $OMNI token. No mined coins. The devs currently still hold like 90% of total coins.
#2 They took the $160,000 of crowdfunds to travel the world promoting this idea.
#3 The one developer is a genius and speaks well.
#4 They found rich people to get involved.
#5 Now that the coin is over valued, they pay community members $5 to promote the coin. Which the investors just buy back. This is extremely cheap and effective advertising.
#6 Other projects suck just as bad.
Unlike other altcoin projects this coin acts like a traditional business startup. They own 100% and privately sell off small amounts to select investors. This is how big investors like to invest. They get in cheap and then dump on the public later on. The traditional IPO works like this in the old stock market.
It's all about getting big investors involved and letting them control the market so they can get even richer.