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Ampleforth Governance Token Price Prediction

An up-to-date Ampleforth Governance Token price prediction for 2021, 2023, 2025. Wondering what is the future of FORTH price? Find out Ampleforth Governance Token price forecast with historical, fundamental and technical analysis.
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Ampleforth Governance Token Fundamental Analysis

Project name
Ampleforth Governance Token
Stock Symbol
FORTH
Curr. Price
15.41
Curr. Supply/Total Supply
14998897.14455933
ROI Since Launch
No Data
Launch Date
No Data

FORTH is a governance token on Ampleforth, complementing AMPL which is a currency on the same blockchain. FORTH was released in April 2021, while AMPL has been in use since 2019.

The main idea behind Ampleforth is creating a cryptocurrency with an elastic supply, which is achieved by automatically expanding and shrinking the supply of AMPL, or rebasing following the price changes. This way, the price always hovers around $1. One caveat of this is that the number of tokens in every holder’s wallet changes constantly to keep the same value after rebasing. This limits some functionality that requires a fixed number of staked tokens from the users – namely, the voting process. FORTH was created as a token with a non-elastic supply to solve this issue.

FORTH is used by the Ampleforth’s community to vote on changes to the main protocol, directly or through delegates. The tokens were initially distributed between the early backers of the project and the active community participants – i.e. users who previously interacted with AMPL. FORTH’s launch came after Ampleforth’s ecosystem was established and AMPL proved to be a useful cryptocurrency as a step towards decentralization and a sign of trust in the community.

Ampleforth Governance Token Live Price Chart

Unlike AMPL, which keeps its price as non-volatile as possible, FORTH is not immune to volatility by design. However, in the short time since its launch, its price has been avoiding a crazy rollercoaster we often see with crypto. FORTH’s price surged to an all-time high of $71.37 on April 22, 2021, the day after it started trading. After that, it slowly climbed down to the ~$5 lows in mid-June. Towards the end of June, Ampleforth generated some interest, likely because of some new integrations like Meter Passport, which caused the price to rise slightly – by the beginning of July, FORTH was trading mostly at $16-$17.

Ampleforth Governance Token Technical Analysis

Despite the fact that 100% accurate technical analysis for Ampleforth Governance Token cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated FORTH buy-and-sell rating for selected timeframe. The summary for FORTH/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.

Ampleforth Governance Token Price Prediction

Below we have collected the most reliable price projections for Ampleforth Governance Token (FORTH) from popular forecast platforms.

#1. WalletInvestor FORTH Price Prediction for 2021, 2023, 2025

According to WalletInvestor, Ampleforth Governance Token price will drop from $15.41 to $2.007 in one year. That makes FORTH an bad investment. The long-term earning potential is -86.98%.

#2. DigitalCoin FORTH Price Forecast for 2021, 2022, 2023, 2025

In DigitalCoin analysis, the price of Ampleforth Governance Token cryptocurrency will rise in the next 5 years starting from $14.663 as of today’s price to $65.9580587. It will go up to $24.788836 by 2022 and continue its growth in 2023-2024. Based on this forecast, Ampleforth Governance Token is a profitable long-term investment.
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Summary

As it can be clear from the analysis cited above, Ampleforth Governance Token (FORTH) projections are rather contradictory. There is no universal consensus either about positive or negative future FORTH price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Ampleforth Governance Token projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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