THE AMP cryptocurrency has increased in popularity recently, pushing up its value by almost 900% this year alone.

We explain what you need to know about the cryptocurrency and what investors should be aware of.

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AMP joined the cryptocurrency market last year and is built on the Ethereum blockchainCredit: Reuters

Before you think of investing money, keep in mind that cryptocurrencies are highly volatile and you may lose all the cash you put in.

It’s not a guaranteed way to make money, and you should never put more cash than you can afford to lose or into something you don’t understand.

Newer cryptocurrencies are also riskier than more established ones, such as Bitcoin, and make you more open to scams.

If things go wrong, you’ll also struggle to get help due to the lack of regulation for cryptocurrency firms.

5 risks of crypto investments

BELOW we round up five risks of investing in cryptocurrencies.

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