Deutsch
Français
English
Español
Italiano
العربية
中文
Português
Русский
TürkçeAmpleforth Information
Ampleforth is an innovative cryptocurrency that aims to provide a more elastic monetary supply by adjusting its circulating supply based on market demand. This unique mechanism allows the token's value to stabilize over time, making it an interesting option for investors seeking alternatives to traditional cryptocurrencies. With its focus on decentralization and adaptive economics, Ampleforth has gained attention as a potential tool for creating a more resilient financial system.
Introduction to Ampleforth
Ampleforth (AMPL) is a unique cryptocurrency that aims to provide a new approach to price stability using an innovative protocol known as elastic supply. Unlike traditional cryptocurrencies that have fixed supplies, Ampleforth's supply changes based on demand, allowing it to be used as a stable unit of account for the ecosystem. With a current market cap of approximately $117.5 million and a circulating supply of over 101 million AMPL tokens, it has carved out a niche in the volatile crypto market.
How Ampleforth Works
Ampleforth's primary innovation is its protocol that automatically adjusts the number of tokens in users' wallets based on price fluctuations. When the price of AMPL rises above $1, the protocol increases the supply, distributing the extra coins to all holders. Conversely, if the price falls below $1, the supply is decreased. This mechanism ensures that AMPL's value is intended to stabilize around $1, making it more reliable for transactions compared to many volatile cryptocurrencies.
Advantages of Ampleforth
One of the most significant advantages of Ampleforth is its ability to maintain price stability while allowing for inflationary changes. This unique feature positions AMPL as a potential alternative to fiat currencies. Additionally, because AMPL tokens are added to users’ wallets and do not suffer from inflation in a traditional sense, holders are incentivized to retain their assets rather than sell them quickly.
Furthermore, Ampleforth’s protocol is designed to protect users against market manipulation. The elastic supply mechanism can help to ensure that speculative spikes or drops do not disproportionately affect the overall user base, promoting a more equitable environment for those holding AMPL.
Disadvantages of Ampleforth
Despite its innovative approach, Ampleforth is not without its challenges. The primary concern is the understanding and acceptance of its elastic supply model. Many investors may find the concept counterintuitive, leading to hesitancy in adopting the coin as a stable asset. Additionally, because AMPL aims to be a stable currency, it may not attract speculators and traders seeking rapid profit opportunities, potentially limiting its appeal.
Another disadvantage is the high volatility that can occur during rapid market adjustments. Although designed to stabilize around $1, significant fluctuations can still happen, especially in the early stages of adoption or during market downturns, which may deter some potential investors.
Historical Performance
Since its launch, Ampleforth has experienced significant volatility, with its all-time high (ATH) reaching $4.07 on July 12, 2020. This represented a remarkable increase from its inception price, demonstrating early investor excitement and potential. However, like many cryptocurrencies, AMPL has faced challenges, with its price currently sitting at around $1.16, reflecting a decrease of over 71% from its ATH.
The coin also hit an all-time low (ATL) of $0.155869 on October 31, 2019. This dramatic price fluctuation reflects the broader trends in the cryptocurrency market, where external factors, investor sentiment, and speculative trading can lead to substantial changes in value.
Future Outlook
The future for Ampleforth will hinge on several factors, including broader acceptance of its unique model, continued innovation, and the projected growth of the decentralized finance (DeFi) sector. If AMPL can successfully position itself as a reliable stablecoin alternative, it may see increased adoption in payment systems and other financial applications.
Moreover, as more users grasp the benefits of its elastic supply mechanism, demand could rise, potentially stabilizing the price around the intended $1 mark. Continued improvements and partnerships could also enhance its functionality and appeal, leading to a positive long-term trajectory.
Conclusion
Ampleforth presents a novel approach to cryptocurrency with its elastic supply model, aiming to bridge the gap between volatility and stability. While it stands out for its innovative features, challenges remain, particularly in user acceptance and market volatility. Monitoring its development and how it integrates within the growing DeFi landscape will be key to understanding its potential in the coming years.
|
from price
$1
|
General Information |
|---|
|
Title
Ampleforth
|
|
Symbol
ampl
|
|
Whitepaper
|
|
Website
|
|
Community
-
|
|
Last Updated
2025-01-21 23:51
|
Price Data |
|
Current Price $
1.35
$
|
|
High 24h
1.39
$
|
|
Low 24h
1.11
$
|
|
Price Change 24h
0.237729
$
|
|
Price Change % 24h
21.38487
%
|
Market Data |
|
Market Cap
146080154
|
|
Total Volume
2867127
|
|
Market Cap Change 24h
19016496
|
|
Market Cap Change % 24h
14.96612
%
|
|
Return on Investment (ROI)
-
|
Supply and Availability |
|
Circulating Supply
108161298.05377
|
|
Total Supply
122101188.43
|
|
Max Supply
-
|
Historical Data |
|
All Time High (ATH)
4.07
|
|
ATH Change %
-66.63424
%
|
|
ATH Date
2020-07-12 20:49
|
|
All Time Low (ATL)
0.155869
|
|
ATL Change %
770.49203
%
|
|
ATL Date
2019-10-31 23:34
|