if it works it eventually gets a giant market cap with whales loving it because they get exchange fees and geyser yield resulting in a very stable and liquid coin
if it doesnt work it should still have regular fun wild swings giant expansions and contractions and extremely confusing price charts
Marketcap will grow. This is a decentralized store of value that does not get affected by traditional markets. It's designed to be added into every single investment portfolio as a hedge agaisnt anything and everything. This is a valuable "thing" to have for ..everyone. The demand is there, people are slowly waking up to the fact that something like this exists.
Let's look at an example of why it can go up for a VERY long time before stabilizing. With the above as a reference.
Bob purchased a huge amount of AMPL 6 months ago and is considered a whale. Bob is sitting on 10 million up from his initial investment of 1,000. Bob reached 10 mil through compounded gains and daily rebases. Bob dumps his stack and retires, crashing the price down to similar prices we're seeing now.
Alice (aka you) has been patiently watching AMPL and resisting the urge to fomo for months, waiting for a correction. Alice buys the dip, and the market reacts buy collectively buying the dip, eventually fomoing in and increasing the price again. Cyclical and reliable.
George who sits on the sidelines with a small stack and just collects rebases for the next 3 years while the marketcap discovers its reistance and support is also rich btw.
It's literally just like bitcoin, it relies on human greed to insure decentralization and constant "up time" via miners. If there's money to be made, people will flock to it in droves.
This coin is like theoretical physics or something. I can't see how supply can expand so much and price still be over $1 but I can't really see us staying under a dollar for long with so much buy pressure and deflation. The most likely scenario is what OP said. We stay between $1-2+ for a long time with wild swings. Meanwhile we get juicy rebases. I could be totally wrong though.
niggers, pajeets and europoor dorm-housed teenagers who thought they were smarter than me ETERNALLY BTFO, I am literally pissing in their mouths right now after they had their "omg it's literally dumping oh no no no" minute yesterday
YOU CAN'T STOP THE AMPL TRAIN, IT IS THE CHOSEN CRYPTO AND THERE IS NOTHING YOU CAN DO ABOUT IT HAHAHHA
Because people will slowly realize they have been missing out and will continue to FOMO in. You have BTC ETH LINK and now AMPL.
You sound like someone saying you can’t see how bitcoin will break 700 when it doubled top there once upon a time.
WORD!
$1-$2 is the like zone but as i've said we'll have monthly FOMO cycles that can break $5 easily. Everyone want's to be in the "zone" of $1-$2 and there's only so many sellers at that price. We're going to have to see.
The best part is you can't lose money on AMPL. Not if you hold it.
AMPL is a whole different beast. Bitcoin is more similar to traditional currencies.
OP I was kind of poorfagging in the beginning, I didn't buy my whole stack at once, I only have 1.2k ampls but could maybe go up to 3k right now.. should I just leave the 1k rebasing for a while and wait for the next contraction or do I really want to drive my average buy price up like that by throwing a couple thousand $ at it right now... Hard to decide