Surging Altcoin Ampleforth Sees Strong Volatility

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The little-known altcoin ampleforth (AMPL) has received more attention in the Cryptoverse after it rallied to become this week’s best-performing coin among the top 50 cryptoassets by market capitalization, while simultaneously seeing extreme volatility both to the upside and downside.

As of press time on Tuesday (11:23 UTC), AMPL, ranked 38th by market capitalization, was down by 11.2% over the past 24 hours, while recording a gain of nearly 78% over the past 7 days and trading at USD 2.55.

AMPL price chart:

AMPL, originally launched as a type of stablecoin alternative in 2019, aims to algorithmically stabilize purchasing power through a fluctuating monetary supply.

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