The idea behind this new and interesting kind of stablecoin is to allow holders to mantain the same amount of the initial investment in terms of usd (this is why is called stablecoin) but not in terms of amount of coin held. So, it is not forcedly pegged to the dollar itself, but it autonomously adjusts. When the demand makes the ample price to grow, the protocol takes from you the amount of coins to bring your $ value equal to the beginning. If the demand decreases, the value of ample decreases as well, so you will be credited new amples. It is not immediate, but it is a longer term adjustment,that is why it opens the doors to arbitrages.
Now, the demand for ample is very low because with btc pumping there is no demand for stablecoins. It is a good moment to buy at 0.8, waiting for 1.5 target (almost 100%). This, despite this kind of coin is not the best application of TA, is confirmed but the support and fibo level on the chart.
What do you think about AMPLE? You think is a good coin to trade? Let me know in the comments!
Now, the demand for ample is very low because with btc pumping there is no demand for stablecoins. It is a good moment to buy at 0.8, waiting for 1.5 target (almost 100%). This, despite this kind of coin is not the best application of TA, is confirmed but the support and fibo level on the chart.
What do you think about AMPLE? You think is a good coin to trade? Let me know in the comments!
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Or simply you don't want to risk it?
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Or simply you don't want to risk it?
Trade forex, oil, crypto, indices, and keep 80% of the profits you make, while losses are covered!
Check it out now → ftmo.com/en/?affiliates=2427
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Are you a good trader but you lack the capital?
Or simply you don't want to risk it?
Trade forex, oil, crypto, indices, and keep 80% of the profits you make, while losses are covered!
Check it out now → ftmo.com/en/?affiliates=2427
Or simply you don't want to risk it?
Trade forex, oil, crypto, indices, and keep 80% of the profits you make, while losses are covered!
Check it out now → ftmo.com/en/?affiliates=2427
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.