Yesterday i made several posts, predicting ampl will dump another 40-50% as expected i got accused of fud.
What people don’t seem to realize is that the protocol is BY DESIGN,will drive the price around 1$. No shit it works!
Now, you would better buy near that zone and sell when demands skyrocket ( normies buying your rebase everynight) but no intelligent person who read the redbook is going to enter the market when the price gets too far from 1$, (ex: 4$) as a takes a shitload of time to recover when the price contracts even with rebases.
What to expect for the coming months: a swing between 1$ and 4$ max. That will still push the marketcap into the billions.