Ampleforth - Economics, Price Analysis and Top Wallets

     Ampleforth is a digital asset protocol for smart commodity-money. AMPLs are designed to be suitable for use as a "base-money," a form of collateral to be used as part of centralized or decentralized banking system, similar to how gold was used before the collapse of Bretton Woods except macroeconomically friendly.

They are synthetic but they aren't raw materials like gold and silver which have immediate non-monetary use. Synthetic commodities are incredibly valuable because,

• They are free from market distributions that arise from innovations in raw material extraction or non-monetary use.
• Their monetary qualities make them tradable the way that we trade fiat currency or traditional assets like stocks, both of which largely drive the US economy;
• They are free from politics and outside tampering like natural commodity-monies

The Economics of Ampleforth

At one extreme, commodity monies such as gold make excellent stores of value, but they do not have flexible supply and run the risk of runaway deflation, For those unfamiliar, Us dollars were once backed by gold and literally represented a denomination of gold which you could go redeem at any bank for physical gold. The US went off the "gold standard" in 1971 and this is often blamed for the reason why the purchasing power of the US dollar has fallen since that time.

Fiat currencies such as the US dollar have their values tied to the demand of that currency. Printing fiat currencies make it possible to adjust supply to meet international demand but there are two problems: the supply of money can only realistically grow, not shrink, and there are corruptible humans with their fingers on the money printer.

Ampleforth presents itself as the solution to this dilemma as it can maintain its value while adjusting its supply to meet demand.

AMPL Price Analysis

Ampleforth has price history unlike any other cryptocurrency. Since its introduction to crypto markets in June of 2019, the price of AMPL resembles that of a stablecoin and hovered between 0.50$USD and 1.50$USD.

The reason why the price of AMPL has remained so high because the demand for the token has been outpacing the rate at which the protocol is able to adjust its supply.

The clever traders were able to make serious gains if they sold at the 4$USD price point, since not only had the token become valuable, but the supply had increased as well meaning the actual number of AMPL tokens in their wallets had also increased.

Wallets

• Ledger or TREZOR : https://shop.ledger.com/pages/ledger-nano-x?r=2deec32c0a73 , https://shop.trezor.io/product/trezor-one-white
• Trust Wallet : https://trustwallet.com/
• Atomic Wallet : https://atomicwallet.io/
• MyEther Wallet : https://www.myetherwallet.com/

Ampleforth is also available for purchase on the following exchanges  :

• Kucoin

• Bitfinex

• Coinbase

References

• https://www.coingecko.com/en/coins/ampleforth
• https://www.pickacrypto.com/top-5-ampleforth-ampl-wallets/

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