I Am Not An AMPL Fan But Here Is How It Could Benefit Publish0x Users

I Am Not An AMPL Fan But Here Is How It Could Benefit Publish0x Users

By Sapphire | Sapphire Crypto | 25 Nov 2020


The Recent Introduction Of AMPL As A Tipping Token 

I must admit that I am really sad to see Loopring being removed as a tipping token on Publish0x. Especially since I believe it has weathered the DeFi slump fairly well and is most likely poised to make a significant comeback. Anyway, so be it. The incorporation of AMPL may have a positive silver lining and I say this as someone who is not an AMPL fan. I don't see any value, use case or future when it comes to Ampleforth. This does not mean that there are no other advantages that can be leveraged.

Marrying technical analysis with the "purposed" mechanism of AMPL can be used to setup some great and almost certain trades if you are a trader. However, most people reading this are most likely not active traders. Generally speaking, I have mentioned in previous posts regarding AMPL, that I believe it can perform relatively well in a bull market. The argument that you still hold the same percentage of the market cap is a pointless argument. What counts is being on the positive side of the rebase, plain and simple. Say someone bought AMPL with 1 BTC and watched their AMPL become worth 0.3 BTC! Do you sincerely believe that they would be concerned that they are still holding the same percentage of market cap?

What The Bull Market Is Achieving For Ampleforth

So far it does appear that my initial thoughts surrounding the idea that AMPL would increase in price in a bull environment seem to be fairly accurate. An increase in price also means a positive rebase, which in turn requires an increase in coins to ultimately water down the price and in a perfect world return back to a dollar. However, this dynamic is unlikely to play out as noobs are now entering the market and the general sentiment is up. It is far more likely that AMPL will spend more time in positive rebase territory than in negative. 

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Considering that Publish0x have stated that the rebase will not take effect while AMPL is still being held on the platform could be quite beneficial to the users earning AMPL. This is a hedge against the effects of a negative rebase, as you will not have your coins decrease if the price drops below a dollar during the time that your coins are still on Publish0x. So in the unlikely event that AMPL drops significantly below a dollar, you can protect the "amount" of coins you hold by simply holding them on Publish0x and then later withdrawing them once the price is well into positive rebase territory. 

I do however believe that AMPL will spend more time above a dollar in the coming months, despite the built-in mechanism. I believe this bull market will keep it up. So regardless of what happens, if you are smart and play your cards right, you can ensure you come out a winner!

 

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Current Favorite - 100% Passive BTC

 


Sapphire
Sapphire

Interesting views, news, opinions and all things Crypto. Independent and honest assessments of Crypto projects and earning opportunities within the space. Opinions are my own and not financial advice.


Sapphire Crypto
Sapphire Crypto

Interesting views, news, opinions and all things Crypto. Independent and honest assessments of Crypto projects and earning opportunities within the space. Opinions are my own and not financial advice.

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