to the seemingly never ending supply over the last 3 or so years. Clearly (in hindsight) amp had gotten way ahead of itself and was undeserving of an approximately 5bn market cap in 2021. But now with so much built and accomplished and imminent launch of Anvil protocol, what are the sellers and suppliers thinking or knowing when most of our community is supremely confident in the long term prospects of payments adoption and the impending defi protocol platform with letters of credit?Are they non believers or bears or NGMI?? Would appreciate any opinions. Thanks in advance
Anvil was not received bullishly by the market. Anvil is Notr
Likely going to be hard to churn upward much. Amp is a 100 billion total supply token. Pretty unrealistic imo to expect amp to pop off any time soon. No one here or anywhere else from what I’ve seen has explained, in terms of its tokenomics, how it can go much farther than its ath. But plenty will say meme coins do it so why not amp. 🧐
Massive adoption and use the only way imo
Anvil has more potential upside, assuming it is also widely-adopted and used
Kinda lucky we have two horses in the race
If AMP cant pop off due to the Token Supply, how did XRP go from these levels to $3.00 in a snap? It's because market cap is significantly more important then token supply in determining a tokens ability to Gigapump.
Not exactly apples to apples
I’d be surprised if amp pulls off what xrp did as you suggest it can happen, but happy for you to prove me wrong
Not saying they will. All I'm saying is the point that it can't pop off due to token supply is false. The token supply of AMP and XRP is the definition of apples to apples.
Two totally different tokens in terms of what they are. Xrp is not a collateral token and xrp was also grossly manipulated by its founders
You didn't say amp can't pump because it's a collateral token. You said it can't pump because it has a 100 billion token supply. Thats nonsense and was my only point.
I alluded to it not being able to pump bc it’s not a meme coin. And you have convinced me that it’s tokenomics allows it to pop off, but you do you guy. Not here to argue
Hopefully it will be 2 horses 🤞🏼
The more tokens staked to capacity and removed from DEX/CEX’s the more likely it could pump as hard or more.
MEME token communities at their core are structured completely different than ours.Their sole intention is to pump their token. From a far people think it’s all dumb retail investors, at the heart of most successful MEMES are extremely intelligent people with vast experience deep ties in other projects and huge bags. They are like an army of crypto soldiers.
I don’t really disagree. I also don’t think I raised this issue you speak of in anything I said. Guess I’m missing your point. I’m all for people making money in memes if that’s what they want to do
XRP is the collateral token used for XRP loans in stables. It’s also the bridge currency for transfers
Read your post again. You specifically said “amp is a 100 billion total supply token” so it can’t “chum upwards” Then you tap dance when someone educates you.
lol. Ok. Thanks for the education.
Your description of xrp as collateral is not at all similar to amp as collateral. If anything, xrp as collateral is something that would secure loans on anvil protocol. Different animal, but not arguing. I’m sure you have Dyor
Yup, actually it’s quite interesting, Coinrabbit is similar to AMPERA now ANVIL. When the first mention of Ampera LOC’s was announced a year ago everyone assumed or wanted $AMP to be “the” collateral used for the LOC’s.
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