Ampleforth (AMPL) Freefalls After Breaking Below $1; Will it Continue Dropping?

Ampleforth is currently caught in the throes of an intense downtrend that has caused it to decline significantly This comes as its economic structure begins having adverse impacts on its price action Analysts are widely noting that this sort of price decline is essentially by design, due to its elastic circulating supply Despite being designed to trade around $1 – a level that it has since broken below – it may not see a sharp recovery anytime soon Ampleforth was previously one of the hottest tokens within the DeFi sector, but its price is now seeing intense downwards pressure that has caused it to shed the vast majority of its value. The cryptocurrency is trading 30% below its intended peg of $1 and is showing immense signs of weakness as investors flood out of it in droves. AMPL is unique because of its elastic supply and regular rebasings. These daily…

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