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After spiking parabolically into the end of July, the pseudo-stablecoin Ampleforth (AMPL) suffered a large correction.
One of the biggest trends in Ethereum and decentralized finance (DeFi) over the past few weeks has been Ampleforth.
From a pure price perspective, the best-performing crypto assets of the past two months have been Synthetix Network Token (SNX), Chainlink (LINK), Cardano (ADA), and a swath of other tokens.
Ampleforth (AMPL) has been one DeFi-related token that has been garnering significant popularity in recent weeks, with attractive annual staking yields leading to an influx of new investors.