The whole crypto market seems to be in a blood bath. Most of the cryptos are down by 20%-30%. Which made traders and short-term investors a very huge loss.
But this thing isn't new in the crypto market. The Crypto market is nonregulated and Very volatile and these types of scenes are ought to happen.
It may be a bad thing for short term investors and traders but for those who wanna hold for the long term this is the best opportunity to invest and hold for long term
This is basically a sale for long-term holders.
Today we are going to talk about AMPL (Ampleforth) coin which seems to drop by 30-35% and currently trading at 0.85$.
Considering the pride recently rose nearly to 1.4$ which indicates people are trading and holding the coin in more volume, which is a good sign.
If you see the historical data of AMPL the seems to have ups and downs.
Whenever the coins come down after a few days seems to go up and maintain above a dollar.
Also, AMPL does rebasing every day of coins to maintain their value more which may be good for the holders.
Should You Invest Now?
As far I see the AMPL seems to recover the damage it got in past data. Whenever it goes below $1 it recovers and comes above the dollar. Considering the recent increase in trading volume.
I think you have a choice to invest some extra amount which you can afford to lose and hold for the long term. It surely will go above a dollar.
