About Ampleforth
Ampleforth is a digital-asset-protocol for smart commodity-money. The smart commodity money with a unique elastic supply protocol. AMPL supply expands and contracts in response to it’s price deviating from a 1 USD target. Deviations result in a supply change of AMPLs once every 24 hours, increasing or decreasing the number of tokens in each holder’s wallet pro-rata. Ampleforth is the only asset in the world with this elastic supply property, and therefore has counter-cyclical trading pressure and is uncorrelated with other digital assets such as Bitcoin.
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Trading Insights
Searched
12
Market Stats
Market Cap
$39.22M
9.4%
FDV
$41.25M
Circ. Supply
28M AMPL
Max Supply
Not enough data
Total Supply
30M AMPL
Diluted Valuation
$41.29M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$699.25K
-24.17%
Volume (7D)
$4.19M
Volume (30D)
$28.98M
All time high
$4.04
Price Change (1Y)
20.53%
Additional details
Market details
AMPL vs markets
↘ 25.82%
AMPL vs BTC
↘ 30.42%
AMPL vs ETH
↗ 15.07%
Tags
defi
stablecoin
algorithmic-stablecoin
rebase
+1
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0xD46bA6D942050d489DBd938a2C909A5d5039A161 | |
Solana | EHKQvJGu48ydKA4d3RivrkNyTJTkSdoS32UafxSX1yak | |
Gnosis | 0xC84DD5B971521B6C9fA5E10d25E6428b19710e05 | |
Meter | 0x1cf09d1b5da9d9d24365d87b932a7c4bd018a419 |
Price history
Time | Price | Change |
|---|---|---|
Today | $1.39 | ↗ 4.85% |
1 Day | $1.33 | ↗ 4.85% |
1 Week | $1.19 | ↗ 16.49% |
1 Month | $1.12 | ↗ 24.26% |
1 Year | $1.15 | ↗ 20.53% |
Coinbase insights
Recent trends
The latest AMPL price is $1.39. Compared to Ampleforth's value of $1.33 from 24 hours ago, there's been a 5% increase, while the current price is 16% up from $1.19 which was recorded one week ago. Ampleforth's all time high is $4.04, which was reached on July 12, 2020. This is a -66% change from its price today.
The market cap is currently $39.22M, which is a result of multiplying the current price of Ampleforth($1.39) by the total supply(29,737,786 AMPL). The fully diluted valuation of Ampleforth is $41.25M. The diluted valuation of Ampleforth is $41.25M.
FAQ
AMPL is the native cryptocurrency of the Ampleforth platform. AMPL is an Ethereum-based token for which the circulating supply is algorithmically adjusted and changes daily. The protocol adjusts the supply in response to the demand for AMPL. The platform propagates information on price and supply by reacting to nominal exchange-rate information.
The system keeps alternating between modes to achive a price-supply equilibrium by the following methods:;
Ampleforth is algorithmic and uncollateralized like Bitcoin, except that Ampleforth can be used in smart contracts. Smart contracts are just like regular contracts however, instead of being drafted on paper, these contracts run in the form of protocols on Blockchain. The protocol translates price volatility into supply volatility. Consequently, the number of AMPL tokens in users' wallets keeps changing based on price. The main aim of Ampleforth is to provide an asset that is non-dilutive by supply inflation and remains disassociated to the price action of other cryptocurrencies like Bitcoin.
Ampleforth follows a different set of rules, unlike other assets. For AMPL, the price cannot always be a determining factor alone and requires consideration of supply along with the price to determine gains and losses.
In other words, the token holders hold a fixed fraction of the total circulating supply and do not own a certain number of tokens. When the system detects that the price is too high for AMPL, it automatically increases the supply and decreases the supply when the price is low. This change is propagated to all wallets holding AMPL tokens, and their wallet balance is adjusted proportionally.
This process of automatic supply adjustment is called 'rebase,' and it happens once each day. But AMPL is non-dilutive, which means the user owns the fixed fraction percentage of the network unless they choose to make a transfer.
As per its whitepaper, Ampleforth protocol utilizes a market oracle system to obtain price information wherein independent whitelisted data providers broadcast twenty-four hours volume-weighted average price to a single on-chain aggregator.
Evan Kuo is the founder of Ampleforth. He is also an art and math lover.
We update our Ampleforth to USD currency in real-time. Get the live price of Ampleforth on Coinbase.
The current market cap of Ampleforth is $39.22M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Ampleforth is $4.04. This all-time high is highest price paid for Ampleforth since it was launched.
Over the last 24 hours, the trading volume of Ampleforth is $699.25K.
Assets that have a similar market cap to Ampleforth include siren, Redbelly Network, NFPrompt, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Ampleforth is 28 million.
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Ampleforth news
Trending articles
Social stats
Popularity in posts
#1704
Contributors
126
Posts
242
% About Ampleforth
0.015%
Hold times
0 days
X (Twitter)
17% bullish
Sentiment
4.3 ★
Highlights
126 unique individuals are talking about Ampleforth and it is ranked #1,704 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Ampleforth has an average sentiment score of 86 out of 5. Finally, Ampleforth is becoming less newsworthy, with 0 news articles published about Ampleforth.
On Twitter, people are mostly neutral about Ampleforth. There were 17.23% of tweets with bullish sentiment compared to 1.4% of tweets with a bearish sentiment about Ampleforth. 82.77% of tweets were neutral about Ampleforth. These sentiments are based on 240 tweets.
On Reddit, Ampleforth was mentioned in 2 Reddit posts and there were 1 comments about Ampleforth. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.