July 21, 2020, 1:50PM EDT
• 8 min read
What’s the value of Ampleforth’s supply-elastic cryptocurrency?
- Ampleforth’s AMPL is a price-elastic cryptocurrency that adjusts supply in response to demand — inflating when prices are above $1 and vice versa
- On June 1st 2020, AMPL’s market capitalization was $7.8 million. Today, it is at $330.5 million (+4130%)
- Ampleforth’s elastic supply does not provide meaningful features as a currency, beyond cryptocurrencies like Bitcoin. The only difference is where the volatility is hidden