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Ampleforth Confirms 10 Years of Liquidity Mining Incentives

Ampleforth (AMPL) is one of the projects in the decentralized finance (DeFi) space that took the community by a storm, despite being on the market for over a year. Over the past couple of months, AMPL managed to become arguably one of the most widely-discussed protocols, largely because of its quick exponential growth. Now, however, the team has taken an essential step towards providing its users with further incentives to provide liquidity to its pools and receive attractive yields. Ampleforth to ‘Donate’ 10% Foundation Tokens to Ecosystem In a detailed report called State of the Network, published on August 4th,…

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AMPL Completes 75% 3-Day Plunge: What Does Negative Rebase Mean?

Ampleforth (AMPL), is one of the cryptocurrencies that lost the most over the past three days. It plunged by over 75% to reach a low at around $0.65 on some exchanges, putting holders in negative rebase territory. AMPL Plunges 75% in 3 Days Ampleforth is undoubtedly one of the most discussed and trending projects in the cryptocurrency field. It has been this way for about a month now. Back towards the end of June, AMPL started trending upwards and reached a high at around $4, providing investors with what appeared to be a 300% return. That, however, wasn’t the case.…

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Bitcoin Struggles At $11,000: Altcoins Starting To Regain Momentum?

Bitcoin attempted another bullish movement yesterday, but it got rejected when it approached the next resistance line. The majority of the altcoin market is retracing slightly today, following a few days of gains. The S&P 500, Dow Jones, and Nasdaq marked increases yesterday, following an announcement from the Fed pledging to keep the interest rates unchanged near zero. Crypto Market Movements The primary cryptocurrency has been on a roll ever since it broke out of its $9,000 – $9,300 range last week. In a few consecutive days, BTC shot up to about $11,000 and yesterday attempted to conquer the next…

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Altcoin’s Black Monday: Double-Digits Drops As Bitcoin Lifts Its Head

Alternative cryptocurrencies felt today’s pressure as Bitcoin finally poked its head. The major cryptocurrency is on the rise today, and as it’s almost always the case, this took its toll on altcoins. Bitcoin managed to regain almost 1.5% of its market dominance over the past 24 hours alone, leaving other cryptocurrencies in despair. Altcoins Down Double-Digits One of the most precise metric to keep an eye on to determine the current state of the market is Bitcoin’s dominance. It measures BTC’s share relative to the entire market. In other words, when BTC’s dominance is going down, altcoins are breaking new…

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The Story Behind The Problematic Listing Of Ampleforth (AMPL) on FTX Exchange

Ampleforth (AMPL) was listed on the popular cryptocurrency derivatives and spot exchange FTX yesterday. While a spot listing is something that no one would question, FTX also listed AMPL for futures trading under their Perpetual contract. This raised more than a few eyebrows, mainly because of the cryptocurrency’s underlying mechanics and its impact on spot prices. Less than a day after the listing, the price for AMPL shot up to $13,000, which, according to the CEO of the exchange, was “an error in the spot AMPL books for a few users.” What Happened with AMPL’s Listing on FTX? On July…

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Binance IEOs Skyrocket 20% As Bitcoin Escaped $9200 (Price Watch)

After weeks of sitting in a tight range, Bitcoin finally made a move yesterday and conquered the $9,300 resistance. The majority of large-cap altcoins also followed the upward tick, and, as usual, there are some notable fluctuations among low-cap alts. Bitcoin Is Alive The last time the primary cryptocurrency stood above $9,300 for more than just a candlewick was on July 9th. Since then, Bitcoin was stuck in its quite familiar range between that level and $9,000. Yesterday, however, BTC showed signs of awakening. In just an hour, it went from $9,200 to above $9,350. Despite some retracements, the asset…

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Ampleforth (AMPL) Adaptive Money: The Next Big Thing in DeFi?

Decentralized finance (DeFi) is all the rage in 2020 as projects in the field continue to explode. The total value locked in lending protocols has skyrocketed throughout the year. And while there are plenty of exciting projects, one seems to stand out with its unique approach. The project in question is Ampleforth (AMPL). It addresses a few problems that even Bitcoin, being the primary and most widely-adopted and perhaps, understood, cryptocurrency, has. But for AMPL to make sense, let’s dive into some of the challenges that traditional fiat currencies and even Bitcoin have. What’s Wrong With Fiat? Fiat currency is…

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