Why does Ampleforth fall?

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Istom1n
Aug 26, 2020

Watching the DeFi liquidity for a long time, one could notice an initially stable growth of $AMPL token. But recently, the token has been steadily going down, as can be seen in this graph:

Data provided by Pools.fyi

This fall is due to the growth of Circulation, which is inversely proportional to the token price:

Also, it is noticeable by increasing the number of holders in Holder Distribution:

It is quite probable that in the nearest future this token should not be used for purchase and investment in liquidity.

AMPLDEFIETH
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Istom1n
Aug 26, 2020

Thanks for reading!

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Assets from this insight

Ampleforth logo

AmpleforthAMPL

$ 0.738271

8.79%in last 7d
Ethereum logo

EthereumETH

$ 344.34

10.41%in last 7d

Conversations (3)

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socialtrends

1 month ago

How do you explain the inverse correlation with circulation? Maybe it's a sign of rebalancing?

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Istom1n

Author
1 month ago

I meant inversely proportional to the graph, so I drew an oval. Yes, it's a sign of rebalancing, thanks.

Ampleforth not only falls in price but yo ucan gain or loose tokens too. the token creates supply based on demand and reduces supply etc etc.