Ampleforth Price

Follow the Ampleforth price in euro, dollar and pound

Look at the above widget. What do you get from this chart? Let us explain it in simple words. In the said chart, at the top, you can see the name of the coin and the Ampleforth price in EUR, USD and GBP. By default, you are seeing the price of Ampleforth throughout the month in the chart. It is because the 1M view is active in the right corner.

To change the chart from monthly to daily, weekly, or yearly by clicking on the button to change the visibility to your desired view. If you want to know about the AMPL price for a specific time interval, then you can change the current dates on the top left corner to your desired interval. At the bottom of the chart, you can get information about the trading volume of the cryptocurrency at various times.

There might be times where the price will go higher than the set price of $1 due to delay in supply of the coins.

AMPL price in euros and dollars

In the table below, you can see the current Ampleforth price in Euros. If you want to change the price to dollars, then you can select USD on the top left corner of the table. Under the AMPL price, you can see the summary of the price change in a day, week, and month. From this data, you can understand if the coin has done well in the near past or not.

There is more information available in the table like open and close rate, high and low rate, and volume of the Ampleforth in the last 24 hours. Also, the market cap is mentioned in the table.

Note: There can be a difference of a few dollars and euros in prices, because the price data is provided by two different companies.

The history of Ampleforth’s price

The Ampleforth cryptocurrency was developed by an engineering graduate of UC Berkley university, Evan Kuo, in 2019. He is the former CEO of Pythagoras Pizza. Also, a former employee of Google and Uber, Brandon Iles, joined the company to add his SEO and machine learning expertise.

AMPL is playing a part in being a smart marketplace in the blockchain industry. The company is aiming to keep the price of the Ampleforth coin around $1. The users get an elastic supply of coins relative to the market change. When the price deviates from the desired price range, the users get a supply of additional coins, and when the price of the token reduces, the reverse process happens.

To explain it in simple words, consider a trader, let’s call him Taylor, buys an AMPL coin for one buck. Suddenly, the price of 1 coin rises to 2 dollars. To maintain the price-supply equilibrium, Taylor will get a 100% increase in the supply of coins mean 2 AMPL coins worth 2 dollars. In the case of Ampleforth, it is assumed that the traders will trade according to the supply as well as on the price. You can read more about this in our Ampleforth page.

The Ampleforth price considered stable most of the time and ranged between 0.25 dollars – 1.5 dollars except for some intervals when the price hiked above $4. It seems contradictory to its founding vision of keeping the AMPL price close to $1.

Ampleforth raised 11 million dollars in during two Initial Coin Offerings (ICO) and one Initial Exchange Offering back in 2018 and 2019. In the beginning and end of 2018, 2 initial coin offerings raised 4.8 million dollars collectively. In June 2019, all AMPL tokens sold out for 4.9 million dollars in a matter of 9 seconds. If you check the number of coins sold in all three offerings was less than 16 million. In the first offering, the price of AMPL was $0.32 per coin, price raised to $1.06 in the second offering, and the third offering 5 million tokens sold for 0.98 dollars per coin.

Ampleforth historical prices

If you are looking for the history of Ampleforth’s price for the past week, then you can have a look at the table below.

How is the Ampleforth price established?

The only reason the Ampleforth price increased in the past is due to the high demand for the coin, and the protocol could not supply the required amount of coins. If in the future, the protocol will not be able to supply enough tokens then the price will rise again, and many investors will earn a good amount of money. Once the company improves the protocol and supply of coins, the price will remain in the range close to $1, but the volume of tokens will increase or decrease as per the market condition. However, it will be very difficult to do so. Thus, there are chances that the price will jump in the future.

The reputation of cryptocurrency in the market is considered one of the major factors. If there are no hacks and scam played for a project then there might be chances that price will increase. If things are contradicting, then you might lose your investment when the company goes down.

Ampleforth price prediction

Normally we would say that it is difficult to predict the Ampleforth price, but since this is a special stablecoin, we can actually predict the price. The goal of Ampleforth is to keep the price at $1 and to adjust the supply to make this happen. The company is working to make its supply protocol sophisticated which will enable them to stabilize the price of the coin by suppling the required number of tokens.

The future of cryptocurrencies seems bright. Many big names in the retail and other industries have started accepting cryptocurrencies as a mean of payment. So, things might turn out well for all the cryptocurrency owners.

What do you need to take into account with the Ampleforth price?

All the risks involved in cryptocurrency trading must be considered before investing in a single Euro or Dollar. As we know that cryptocurrencies are volatile, and prices fluctuate almost all the time. It is not considered a stable investment.

Caution: Many wise investors suggest that you should not invest more money in cryptocurrencies than you can afford to lose. Prices can change quickly, and you may lose all your money.

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