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Ampleforth (AMPL) Price Prediction 2020: Can AMPL Price Reach $10?

AMPL Price Prediction

We can say, conveniently that Defi is the next big thing in crypto. Ethereum is paving the way into this enormous industry and other altcoins are following the examples.   Today, we take a look at the world of Ampleforth. AMPL is the only cryptocurrency that changes form in terms of demands and supply. This article …

The post Ampleforth (AMPL) Price Prediction 2020: Can AMPL Price Reach $10? appeared first on Cryptocurrency information | Cryptocurrency News | Bitcoin News and Crypto Guide.

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We can say, conveniently that Defi is the next big thing in crypto. Ethereum is paving the way into this enormous industry and other altcoins are following the examples.  

Today, we take a look at the world of Ampleforth. AMPL is the only cryptocurrency that changes form in terms of demands and supply. This article will walk you through all you need to know about this incredible coin!

What Is Ampleforth?

Ampleforth is an Ethereum-based token planned to retain stable purchasing power. The cryptocurrency is designed for a stabilized purchasing power. The algorithm ensures this through a chancy monetary supply. 

AMPL does not explicitly stabilize its price around $1 like many other stable coins. Instead, Ampleforth’s price mechanism was built on the basis of purchasing power equilibrium. Varying token supply issues stability based on the demand for AMPL tokens.

In the event that the price rises above a specified range, the system shifts to readjust itself. This occurs by issuing more tokens and if the price sinks below that range the supply will lessen. 

Regardless of circulating supply, these changes ensure that AMPL token value remains the same. The dynamics ensure constant proportion since all wallets fluctuate by the same ratio.

AMPL Price Today

AMPL receives the initial spot amidst today’s wave of market losers with roughly 35% loss.

Today’s loss is a continuation from the last 24 hours in which AMPL has lost almost 80% in value altogether.

AMPL is immediately changing hands at $1.35 as the market capitalization sinks to $340 million. The coin’s exchange volume in the last 24 hours is approximately $86 million.

From the technical point of view, AMPL failed at the resistance level of $1.6. The coin consolidated below the $1.6 level for some time. Finally, AMPL swung all the way to $1.25 with a 35% loss.

Below this level, the additional level of key support lies at $1.20 where prices we’re accessed in the past.

  • Next major resistance $1.60
  • Next major support at $1.20
  • RSI approaching overbought condition at 70.0

Did You Know ? There is no definite circulating supply of AMPL. The supply remains dynamic with a change in demand and supply. Higher demands increase the circulating supply and vice versa.

AMPL Technical Analysis

The coin is roughly a year old and has accrued major gains within the time span. Making a market entrance around June ending of 2019, AMPL was changing hands around $2 as of July 19th.

Furthermore, before the end of the month, AMPL dipped back to the $0.8 area and traded sideways for a while. This was where things stood until the end of the third quarter of the year.

In the Q4 of 2019, AMPL had a bad performance. The coin was changing hands at around $0.22 near the beginning of November 2019. Eventually, in December, AMPL spiked a bit upwards and was trading above $1.

AMPL Price Prediction 2020

January 2020 turned a new leaf. There was an equilibrium of price momentum that stabilized the price of AMPL at around $1. This persisted until Q3.

By July, AMPL caught an intense bull market which escorted its price towards the $4 level. Since the bullish move could not remain for long, selling pressure set in. Eventually, prices crashed all the way back to the sub-$1 level.

A little price spike occurred above $2 but failed to hold a second time. Crashing back to the major support at $0.8, prices are now hovering around the corner.

Although conservative, prices look bullish in 2020.

By December, AMPL is suggested to have surpassed the $1 corner again.

AMPL Price Prediction 2021

2021 looks however bullish for AMPL. The coins are expected to spot the limelight in the light of the rising Defi sector. This may drag prices back to around $5 by the end of 2021.

AMPL Price 5 Years Prediction

According to a multiplicity of predictions, the next half a decade looks entirely bullish for AMPL. Prices may skyrocket all the way to around $30 with AMPL first touching $20 in 2022. Then to $25 in 2024 and finally, $30 by 2025.

AMPL Market Prediction

  • Wallet Investors (WI) predicts that AMPL will trade at roughly $2.5 by the end of 2020. Their bullish prediction extends to around 2025 where they predict AMPL at $5.
  • Digital Coin Price predicts that AMPL will trade at $1.6 by the end of 2020 and will most likely surge from there. The experts suggested a $2 AMPL by 2021 and $3.5 by 2025.
  • Gov Capital issues the most extensive bull prediction. AMPL, according to them will trade at $3 by year-end and will proceed to around $28 in five years.
  • FX Empire remains very conservative with AMPL seen to possibly trade around $1.6 by the end of 2020. By 2025 however, they predict the coin to have doubled and touched $3.2

Our AMPL Price Prediction

According to a multiplicity of predictions, the next half a decade looks entirely bullish for AMPL. Prices may skyrocket all the way to around $30 with AMPL first touching $20 in 2022. Then to $25 in 2024 and finally, $30 by 2025.

AMPL News

#1. Ampleforth (AMPL) Liquidity Mining

AMPL introduces Enceladus Gaysers, smart faucets that incentivize on-chain liquidity. Users receive AMPL for providing liquidity on automated market platforms (AMMs) like uniswap. 

#2. Introduction Of Elastic Tokens To Defi

The Ampleforth Foundation introduced Elastic Tokens to the DeFi community. Next, they aim to build out “Elastic Finance,” the next generation of financial platforms that can make use of unique assets like AMPL.

#3. Introduction Of The AmpleSense DAO

The primary goal of the AmpleSense DAO is to accelerate the development of the Ampleforth ecosystem, specific use cases for the token (commerce, lending, etc.).

FAQ’s

  1.  What is AMPL?

    Ampleforth is an Ethereum-based token designed to maintain stable purchasing power.

  2. How Much Is AMPL presently worth?

    Each AMPL token is changing hands at $0.92

  3. Is AMPL A Defi Token?

    Yes, AMPL is a Defi token. It is similar to others like LINK and SNX

  4. What is the 2020 price prediction for AMPL?

    By the end of the year, AMPL is predicted to be trading around $1.9.

Source: https://coinpedia.org/price-prediction/ampleforth-ampl-price-prediction-10-possible-by-the-end-of-2020/

Blockchain

Smart contract exploits are more ethical than hacking… or not?

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There has been a lot of talk about the recent “hacks” in the decentralized finance realm, particularly in the cases of Harvest FInance and Pickle Finance. That talk is more than necessary, considering hackers stole more than $100 million from DeFi projects in 2020, accounting for 50% of all hacks this year, according to a CipherTrace report.

Related: Roundup of crypto hacks, exploits and heists in 2020

Some point out that the occurrences were merely exploits that shined a light on the vulnerabilities of the respective smart contracts. The thieves didn’t really break into anything, they just happened to casually walk through the unlocked back door. By this logic, since the hackers exploited flaws without actually hacking in the traditional sense, the act of exploiting is ethically more justifiable.

But is it?

The differences between an exploit and a hack

Security vulnerabilities are the root of exploits. A security vulnerability is a weakness that an adversary could take advantage of to compromise the confidentiality, availability or integrity of a resource.

An exploit is the specially crafted code that adversaries use to take advantage of a certain vulnerability, and to compromise a resource.

Even mentioning the word “hack” in reference to blockchain might baffle an industry outsider less familiar with the technology, as security is one of the centerpieces of distributed ledger technology’s mainstream appeal. It’s true, blockchain is an inherently secure medium of exchanging information, but nothing is totally unhackable. There are certain situations in which hackers can gain unauthorized access to blockchains. These scenarios include:

  • 51% attacks: Such hacks occur when one or more hackers gain control of over half of the computing power. It’s a very difficult feat for a hacker to achieve, but it does happen. Most recently in August 2020, Ethereum Classic (ETC) faced three successful 51% attacks in the span of a month.
  • Creation errors: These occur when security glitches or errors go overlooked during the creation of the smart contract. These scenarios present loopholes in the most potent sense of the term.
  • Insufficient security: When hacks are done through gaining undue access to a blockchain with weak security practices, is it really as bad if the door was left wide open?

Are exploits more ethically justifiable than hacks?

Many would argue that doing anything without consent cannot possibly be considered ethical, even if worse acts could have been committed. That logic also raises the question of whether an exploit is 100% illegal. For example, having a U.S. company registered in the Virgin Islands can also be seen as performing a legal tax “exploit,” though it isn’t considered outwardly illegal. As such, there are certain gray areas and loopholes in the system that people can use for their own benefit, and an exploit can also be seen as a loophole in the system.

Then there are cases such as cryptojacking, which is a form of cyberattack where a hacker hijacks a target’s processing power to mine cryptocurrency on the hacker’s behalf. Cryptojacking can be malicious or nonmalicious.

It may be safest to say that exploits are far from ethical. They are also entirely avoidable. In the early stages of the smart contract creation process, it’s important to follow the strictest standards and best practices of blockchain development. These standards are set to prevent vulnerabilities, and ignoring them can lead to unexpected effects.

It is also vital for teams to have intensive testing on a testnet. Smart contract audits can also be an effective way to detect vulnerabilities, though there are many audit companies that issue audits for little money. The best approach would be for companies to get several audits from different companies.

The views, thoughts and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Pawel Stopczynski is the researcher and R&D director at Vaiot. He was previously the R&D director and a co-founder at Veriori and at UseCrypt. Since 2004, Pawel has been involved in the development of 18 IT projects in Poland and the United Kingdom, focusing on the private sector. He was a speaker at several IT conferences, and the organizer of two TEDx conferences. For his work, Pawel was awarded a gold medal at the Concours Lépine International Innovation Fair 2019 in Paris, and a gold medal of the French minister of defense.

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Source: https://cointelegraph.com/news/smart-contract-exploits-are-more-ethical-than-hacking-or-not

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Close to $10 Billion Worth of Crypto Longs Wiped off the Market Amid Sudden Crash

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It’s been a rough Sunday for the cryptocurrency market.

$7.8 Billion Liquidated in an Hour

The “up only” sentiment in the digital asset market took a major hit today as more than $7 billion in crypto long positions were liquidated within an hour in a sudden market wide crash.

According to data from bybt, more than $9 billion worth of crypto long positions were liquidated in the past 12 hours while more than $8 billion were wiped off the market in the last 4 hours.

Specifically, bitcoin’s price started trending downwards early Saturday but the sharp free fall commenced around 3:00 UTC on Sunday.

After recording new ATH day after day, bitcoin and other cryptocurrencies’ price witnessed a steep downfall today almost touching the $50,000 mark. At the time of writing, bitcoin has regained some support and trades at $55,300.

According to crypto analyst Lark Davis, bitcoin breached the 50-day moving average during the unanticipated crash which is a rare event during a bull run. For context, BTC breached the 50 day MA only a few times during the 2017 bull market. In retrospect, all such dips proved to be immensely profitable buy opportunities.

Overleveraged Longs get REKT

While it typically pays to long in a bull market, investors must be cautious of too much optimism and avoid being long in an already overbought market to not get rekt in sudden market crashes like that of today.

Being long in a market with less liquidity is particularly dangerous as the order books are thin and a sudden dump can cause the price of the underlying asset to go down much more than in other liquid markets.

The Block’s Larry Cermak noticed this on Perp Protocol where the price of ether (ETH) reached as low as $900 due to low liquidity.

Crypto derivatives exchange FTX’s CEO Sam Bankman-Fried share some interesting facts about the exchange during today’s crash.

According to SBF, the exchange witnessed trading volume close to $26 billion which was another all-time record volume day for FTX. At the same time, FTX had close to $250 million of liquidations today.

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Source: https://btcmanager.com/10-billion-crypto-longs-market-sudden-crash/

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Kraken Daily Market Report for April 17 2021

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Overview


  • Total spot trading volume at $2.51 billion, 57% above the 30-day average of $1.6 billion.
  • Total futures notional at $667.9 million.
  • The top five traded coins were, respectively, Bitcoin, Dogecoin, Ethereum, Tether, and Siacoin.
  • Strong returns from Nano (+51%) and Siacoin (+20%).

April 17, 2021 
 $2.51B traded across all markets today
 Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD 
XBT 
$61000. 
↓0.8% 
$629.7M
XDG 
$0.2633 
↓27% 
$605.2M
ETH 
$2402.7 
↓1.3% 
$258.5M
USDT 
$1.0005 
↓0.07% 
$240.2M
SC 
$0.0521 
↑20% 
$159.8M
XRP 
$1.5902 
↑2.7% 
$117.6M
DOT 
$45.626 
↑10.0% 
$102.4M
LTC 
$308.22 
↓0.8% 
$97.2M
BCH 
$1090.7 
↓2.2% 
$79.1M
ADA 
$1.3814 
↓2.3% 
$52.2M
NANO 
$8.5722 
↑51% 
$46.2M
TRX 
$0.1617 
↓0.03% 
$41.1M
LINK 
$41.377 
↓1.8% 
$32.2M
ETC 
$41.413 
↑6.9% 
$29.7M
MANA 
$1.3461 
↑2.4% 
$29.2M
USDC 
$1.0000 
↑0.0% 
$27.3M
ALGO 
$1.5304 
↑1.3% 
$25.8M
XMR 
$350.49 
↑2.7% 
$19.4M
EOS 
$8.0465 
↓6.2% 
$16.1M
XLM 
$0.6043 
↓0.9% 
$15.5M
ZEC 
$275.80 
↑1.8% 
$12.6M
FIL 
$180.09 
↓1.6% 
$12.4M
DASH 
$371.48 
↓2.4% 
$11.5M
XTZ 
$7.2400 
↑0.17% 
$11.2M
KSM 
$464.33 
↑3.7% 
$11.2M
ATOM 
$26.097 
↑2.0% 
$9.9M
STORJ 
$2.3968 
↑2.0% 
$7.46M
ICX 
$2.8503 
↑9.1% 
$7.09M
UNI 
$36.055 
↓0.5% 
$5.28M
DAI 
$1.0004 
↑0.06% 
$4.46M
OMG 
$9.7769 
↓3.9% 
$4.33M
CRV 
$3.9120 
↓0.5% 
$4.3M
GRT 
$2.0052 
↑0.4% 
$3.71M
QTUM 
$17.893 
↓2.7% 
$3.68M
AAVE 
$434.98 
↓1.6% 
$3.67M
FLOW 
$35.971 
↓1.6% 
$3.14M
SNX 
$20.920 
↓0.4% 
$3.04M
BAT 
$1.5007 
↓1.8% 
$2.96M
EWT 
$20.354 
↓1.1% 
$2.92M
YFI 
$51356. 
↓3.8% 
$2.91M
OXT 
$0.8106 
↓4.1% 
$2.82M
KEEP 
$0.7062 
↓2.2% 
$2.7M
KAVA 
$6.5367 
↓0.8% 
$2.6M
OCEAN 
$1.6954 
↓0.12% 
$2.22M
COMP 
$563.50 
↓0.6% 
$2.07M
ANT 
$10.460 
↑1.4% 
$1.96M
LSK 
$6.6796 
↓4.2% 
$1.63M
WAVES 
$15.901 
↓4.2% 
$1.43M
REPV2 
$51.524 
↓2.8% 
$1.38M
REP 
$51.440 
↓2.7% 
$1.07M
KNC 
$3.4441 
↓4.0% 
$887K
MLN 
$94.057 
↑4.3% 
$827K
GNO 
$190.20 
↓0.5% 
$787K
BAL 
$63.429 
↓0.8% 
$694K
PAXG 
$1795.7 
↑0.17% 
$593K
TBTC 
$62632. 
↑0.0% 
$50.8K



#####################. Trading Volume by Asset. ##########################################

Trading Volume by Asset


The figures below break down the trading volume of the largest, mid-size, and smallest assets. Cryptos are in purple, fiats are in blue. For each asset, the chart contains the daily trading volume in USD, and the percentage of the total trading volume. The percentages for fiats and cryptos are treated separately, so that they both add up to 100%.

Figure 1: Largest trading assets: trading volume (measured in USD) and its percentage of the total trading volume (April 17 2021)



Figure 2: Mid-size trading assets: (measured in USD) (April 17 2021)



Figure 3: Smallest trading assets: (measured in USD) (April 17 2021)



#####################. Spread %. ##########################################

Spread %


Spread percentage is the width of the bid/ask spread divided by the bid/ask midpoint. The values are generated by taking the median spread percentage over each minute, then the average of the medians over the day.

Figure 4: Average spread % by pair (April 17 2021)



.


#########. Returns and Volume ############################################

Returns and Volume


Figure 5: Returns of the four highest volume pairs (April 17 2021)


Figure 6: Volume of the major currencies and an average line that fits the data to a sinusoidal curve to show the daily volume highs and lows (April 17 2021)



###########. Daily Returns. #################################################

Daily Returns %


Figure 7: Returns over USD and XBT. Relative volume and return size is indicated by the size of the font. (April 17 2021)



###########. Disclaimer #################################################

The values generated in this report are from public market data distributed from Kraken WebSockets api. The total volumes and returns are calculated over the reporting day using UTC time.

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Source: https://blog.kraken.com/post/8684/kraken-daily-market-report-for-april-17-2021/

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