OVERALL MARKET ANALYSIS FOR AMPLFORTH (PAST AND PRESENT EVENTS/CHART ANALYSIS.

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Ampleforth is an Etherum based extensible cryptocurrency algorithm (protocol) with an elastic supply that can expand and contract based on the market demand (inflating when prices are above $1 and deflates when price is below $1 ).

     PAST AMPLEFORTH ANALYSIS

The initial Market cap for Amplforth starting from the day of releas (On June 2020), was $7.8 million. Today, it is at $211,686,269 million USD ( this indicates a flash positive rise).

For more than 40 weeks the price of ampleforth has been maintained within the range of $1.72 USD - $0.771371 USD ( This indicates a coin with less volatility unlike other coins like BTC),

The All Time Low for Ampleforth is $0.294547 USD (on Oct 31, 2019) and The All Time High of Ampleforth is $4.04 USD (On Jul 12, 2020).

Ampleforth ROI [The approximate Return On Investment if purchased at the time of launch (or earliest known price)] is 3.05%.

The initial circulating supply of Ampleforth was 50 million tokens. According to the original transparency report (on 2019), it shows that these tokens were distributed as follows;

23.2% to the ecosystem; 18.5% to seed investors; 3.3% to series A investors; 10% to Tokinex IEO participants; 25% to the Ampleforth team and advisors; and 20% to the treasury.

The most recent report (on August 2020), shows that the most notable changes to the supply distribution include ~42.5% of AMPL is now held by the community, while 23.5% is allocated to liquidity mining programs.

   PRESENT AMPLEFORTH CHART ANALYSIS.

The present chart of Ampleforth shows an optimistic bullish trend on a 4hrs time frame with a crossover stochastic indicating a strong uptrend in the coming months (2021).

The chart shows the previous support line S1 (at $0.7372) and also there are three clear known resistant zones R1(at $1.1185) R2(at $1.3997) and R3($2.2303) Respectively.

* After a previous Successful down trend D1 (from $1.7095 - $ 0.7844) there is a crossing over of the 20 EMA over th 50 EMA and( C ) and also a confirmatory uptrend crossover of the stochastic in a 4hours time frame both of which indicates a potential uptrend (U1) which will extend towards the R1 resistance zone,the U1 if it breaks across the R1 zone it will tend to move vigorously towards the R2 resistance zone. (This will occur around 2nd week of January). 

But note if the U1 isn't able to break pass the R1 zone, it will tend to pull down towards the S1 support zone at B1.

But hey!!!! Buyers don't be scared because the S1 zone hasn't been broken for more than 40weeks now so this means that it is a clear strong support zone, Therefore from B1 point tthere will be a strong upwards pull towards the R1 zone and this time it will tend to break through the R1 zone.

 

AMPLEFORTH FUTURE PREDICTION FOR 2021

Yes I know this is the part most of you want to read,

Well here is my analytical prediction for Amplforth in 2021 and here is the reason WHY AMPLEFORTH IS A MUST HAVE COIN IN 2021.

I strongly believe that the Trend for Ampleforth is a Bullish one (i.e an uptrend) and here is why I said so,

First of all let's look at the chart once more;

January of 2021 will be magical because if the U1 breaks through and approaches the R2 zone,there will surely be a very strong resistance pull which will tend to push the trend downwards( Bearish) towards the R1 zone but not below it ( this in turn will change the R1 from from a resistance zone R1 to a support zone S2).

From the S2 point( Formerly R1) a strong bullish force will tend to push the U2 towards the R2 resistance zone and this time,it will break through this resistance zone, But the U2 won't go far before a bearish force will tend to pull the U2 downwards, either towards the R2 zone at B2 or back to the S2 zone at B3.

But Do not tremble because either from the B2 or B3 a bullish force will push the trend to U3 and U4 Respectively and it will break pass the R2 zone and now will tend to Approach the R3 zone.

Based On the my extensive overall analysis of Ampleforth I strongly believe that early 2021 will witness a strong bullish trend.

NB: To know whether the Ampleforth will break it's all time high R3 in 2021 check on my blog for my next article on it titled " AMPLEFORTH BREAKING BOUNDARIES.

Owing to the rapid and constant increase in the Market cap value of Ampleforth right from it very release up till date, am very convinced that this coin is a must have coin in 2021 (This simply means that people believe in this coin and are actually buying it in large quantities)

"The sky is just a starting point for Ampleforth".

HOW DO I GET AMPL TOKEN??

Ampleforth can be purchased and traded on over a dozen cryptocurrency platforms ,wallets and forex brokers.

Below is the list of websites from where you can buy your Ampleforth, BeHere is how to buy your Ampleforth;

-KuCoin

-Uniswap

-Bitfonex

-TimeX

-Kyber Network

-Hoo.

NB: a tremendous amount of volume is taking place on the Uniswap decentralized exchange platform, this is almost 3x more than on KuCoin.

WALLETS WHERE AMPLEFORTH CAN BE STORED

Since Ampleforth makes use of ERC-20 token based protocol, it can therefore rbe stored on any wallet which supports Ethereum-based assets.

For hardware wallets these include;

-Ledger, 

-Trezor, and

 -Keepkey. 

There are also other online software wallets which support AMPL they includes:

-MyEtherWallet (web), 

-Exodus Wallet (desktop/mobile), 

-Coinomi (mobile), 

-Atomic Wallet (desktop/mobile), 

-Trust Wallet (mobile), 

 -The Coinbase Wallet (mobile).

Before the end of 2021 it is expected that many other cryptocurrency platforms will integrate Ampl into their system.

CONCLUSION;

Ampleforth is a must have cryptocurrency in 2021 with so much enormous positive attributes, it aims at reinventing money, with the help of its Rebasing/Elastic algorithm.

Ampleforth to a greater extent reduces volatility thereby maintaining stability unlike other coins like Bitcoin,Litecoin etc.

It is important to note that Ampleforth is not like your typical stablecoin because in as much as stablecoin aims at eradicating volatility, Ampleforth on the other hand aims at reducing it.

NB; As an Trader or an investor or a novice, I think you should be EXTRA careful when dealing with Ampleforth, the article above is based on my personal analysis you may need to verify from other sources (Disclaimer).

This is not an investment advice but rather my own perspective for Ampleforth analysis next year.

Becareful!!!

Article by Maxwell okey 2020#

Resources

https://www.ampleforth.org/paper/

https://www.ampleforth.org/

https://www.ampleforth.org/redbook/ampleforth_protocol/