AMPLE - THE INFLATION ADJUSTED STABLECOIN

The idea behind this new and interesting kind of stablecoin is to allow holders to mantain the same amount of the initial investment in terms of usd (this is why is called stablecoin) but not in terms of amount of coin held. So, it is not forcedly pegged to the dollar itself, but it autonomously adjusts. When the demand makes the ample price to grow, the protocol takes from you the amount of coins to bring your $ value equal to the beginning. If the demand decreases, the value of ample decreases as well, so you will be credited new amples. It is not immediate, but it is a longer term adjustment,that is why it opens the doors to arbitrages.

Now, the demand for ample is very low because with btc pumping there is no demand for stablecoins. It is a good moment to buy at 0.8, waiting for 1.5 target (almost 100%). This, despite this kind of coin is not the best application of TA, is confirmed but the support and fibo level on the chart.

What do you think about AMPLE? You think is a good coin to trade? Let me know in the comments!