I have been scanning all portfolio threads for a week, and can confirm that we are still early.
I remember back during the previous cycle, most people here were holding (even if just a little). Not many people have caught on to what is been happening for the last 3 weeks yet.
I think Ampleforth is currently sitting within that market cap goldilocks zone, where you really have to be paying attention to notice what's going on. I for one, am excited.
#51 ---> #20 soon
I'm too scared to invest in this. I will get a bag though if I get some realistic targets on what people think the MC will be at the end of this cycle and why you think that. Feel free to use reasons such as because Balancer and because cross chain integration and because muh high liquidity in comparison to last time, but I don't understand what any of that means exactly. I'm sure alot of newbies are in the same position as me so you'll probably be reaching quite a few potential buyers if you sell this right...
comfiest hold on my portfolio
hands off my ampies
But elastic supply so we can all share
The price isn't the focus user. With that being said, I'm not buying these HEAVY, EXPIRED bags from these shills
In my humble opinion there are a few reasons why I think this belongs in the top 10 in terms capitalization.
I'll give you two, a very practical one - and one that indicates how feasible and valid some of the more idealistic economic ideas in the foundation of this are.
1)
There are so many incentive programs around this currency now (I have sort of lost track), and they just keep on coming. To me, it's a very clear sign, that the people who are developing this space, are excited by AMPL - and are eager to integrate it into their platforms and blockchains. A very good signal. This will keep AMPL from ever going to zero, since the APY on these programmes would drastically increase if the market cap deflates.
2)
I won't get too technical with you, but this protocol is one of the first real innovations in this space since Vitalik created Ethereum. Vitalik was even talking about how he sees the ideal base money model in this space (on the Lex Fridman podcast). He described a currency, which had its volatility shifted from its price, into its supply. This is Ampleforth. A base currency, that adjusts its supply dynamically, based on the demand for it.
And it is also the only non-deflationary take on a base money that is not backed by the Dollar in any way, as far as I know (at least at a higher market cap).
It couldn't be more of an idealistic cryptocurrency, but it is also painfully elegant and conceptually simple/uncluttered.
Target MC? I have no idea. But no one knew what AMPL REALLY was during the last cycle. To most, it was just a money printer. Now the infrastructure is starting to exist (incentive programmes) and now, people are also starting to grasp the economic model. My best guess is, that it will be going higher this time.
Thanks for taking the time to write that. It does sound very very tempting. Do you personally feel that $1bil is somewhat achievable?
It's inevitable.