Wrapped Ampleforth price prediction: What is Wrapped Ampleforth (WAMPL)?

Can Wrapped Ampleforth continue its fightback?

Wrapped Ampleforth is a version of the Ampleforth token – Credit: Shutterstock


Wrapped Ampleforth is linked, but not pegged to, a crypto that is designed to be a stablecoin which is pegged to what the dollar used to be worth. If you want to know the answer to the question “What is Wrapped Ampleforth (WAMPL)?” then we will tell you, as well as taking a look at some Wrapped Ampleforth price predictions, too. 

Wrapped Ampleforth explained

When we talk about wrapping a coin, we are talking about making a token that has all the properties of one cryptocurrency, but operates on a separate blockchain. A good example of this would be Wrapped Bitcoin. This takes BTC and creates a token that matches the price activity of Bitcoin, but exists away from the Bitcoin blockchain on Ethereum.

This means that Wrapped Bitcoin can be more flexible – using the decentralised finance features that have made Ethereum famous – while still maintaining the size and power of bitcoin. This allows people to carry out financial activity, such as making loans, using Bitcoin on Ethereum.

There are, however, wrapped tokens that operate on the same blockchain as the original crypto. These allow further usages of the token, meaning it can operate in ways that the initial version cannot, but, nevertheless, are still usually redeemable for the original crypto. Wrapped Ampleforth is one of the second kind of wrapped tokens. In order to understand it, we need to take a quick look at the original Ampleforth token.

Ampleforth is a system based on decentralised finance (DeFi). What motivates DeFi is the idea that while a lot of people do not have access to a traditional bank account, some of them will have access to the internet in one form or another. DeFi then allows the people with internet access but no bank account the opportunity to get hold of financial services, such as loans, without having to open a bank account. 

Additionally, Ampleforth offers a stablecoin, called AMPL. The idea behind stablecoins is to create a crypto that is pegged to something, usually a fiat currency, typically the US dollar. The reason this is that they can hypothetically hold their value, unlike other more volatile cryptocurrencies, but they also have the security and privacy that one might expect from crypto. What makes AMPL a bit different is that rather than being strictly pegged to the value of the dollar moving price, AMPL is a unit of account based on the consumer price index (CPI) adjusted 2019 USD price.

In order to do this, Ampleforth has an elastic supply. This means that, when the price of AMPL rises above a certain level, more tokens are automatically minted. The opposite occurs when AMPL falls below a certain level, meaning tokens are burned and taken out of circulation. This process happens every day, and is called rebasing. 

This means that, in effect, Ampleforth is a type of stablecoin that is not currently stable but is designed to, one day, match the US dollar in price. That said, at a time when the rate of inflation is significantly high, the price of AMPL will rise significantly above the dollar. We can see this by looking at the Ampleforth price, which on 10 August 2022 was worth around $1.45. 

Ampleforth was founded by Facebook advertising company Crowdrally founder Evan Kuo and software engineer Brandon Iles in 2018, with AMPL coming onto the open market in the following year. Meanwhile, WAMPL first came online in 2022.

In a blog post, a spokesman for Ampleforth said: “A key distinction about WAMPL [is] unlike AMPL, it has a fixed supply. It does not rebase, and maintains a floating price. This makes integrations on both centralised and decentralised platforms simpler by removing the need for rebasing calculations across platforms. WAMPL, like the rest of the Ampleforth ecosystem, will be governed by the FORTH DAO.

“WAMPL also includes an ‘unbutton‘ wrapper, built in conjunction with the team at prl.one. With the unbutton wrapper, any rebasing token can be converted into a non-rebasing version, theoretically enabling it to be more integrated with major CEXs [centralised exchanges] with no additional development effort needed.”

In other words, while WAMPL can be exchanged for AMPL, the two cryptos will, ultimately, have different prices.

The Ampleforth whitepaper documentation goes on to add: “Wrapped-AMPL is a token that wraps AMPL similar to wrapped ETH. It facilitates ecosystem integrations on both centralised and decentralised platforms. In some cases wrapped-AMPL (WAMPL) will be used almost invisibly in the background for bridging, routing, custody, etc. 

“In other cases WAMPL will be a direct access point for end users who want to take a position in the AMPL network, but don’t immediately need to use it as a unit-of-account.”

One final thing to note here. WAMPL is based on the Ethereum blockchain, which means that it is a token, rather than a coin. So while you might see references to such things as a WAMPL coin price prediction, such references are technically wrong.

Wrapped Ampleforth price history

Wrapped Ampleforth price history
Wrapped Ampleforth price history – Credit: Currency.com

Now, let’s cast our eyes over the WAMPL price history. While past performance should never be taken as an indicator of future results, knowing how the token has behaved in the past can help us when it comes to either interpreting a Wrapped Ampleforth price prediction or making one of our own. 

WAMPL first came onto the open market at the start of 2022, and reached an all-time high of $15.56 on 5 February. Since then, though, the price has dropped following events such as the Russian invasion of Ukraine on 24 February, China’s crypto ban in early April and the depegging of the UST stablecoin and the collapse of the associated LUNA cryptocurrency in May.

By 8 June, the token was trading at a low of $6.26. With the cancellation of withdrawals on the Celsius crypto lending platform confirming that cryptocurrency was in a bear market, the price slumped further and, on 30 June, it reached its all time low of $3.02. There was some recovery after this, though, with the token hitting $5.01 on 24 July before closing the month back down to $4.85.

In a somewhat recovering market, the Wrapped Ampleforth token price has moved upwards in August, reaching a high of $7.04 on August 8 before it settled back down and trading at $6.55 earlier on 10 August. At that time, the self-reported circulating supply 477,006 WAMPL, representing its total supply. If those figures were accurate, Wrapped Ampleforth would have a market cap of a little over $3m, which would have made it something like the 1,123rd largest crypto by that metric.

Wrapped Ampleforth price prediction

Let’s look at some of the Wrapped Ampleforth price predictions that were out on 10 August 2022. It is worth remembering that price forecasts, especially for something as volatile as cryptocurrency, can very often be wrong. Also, it is important to note that many long-term crypto price predictions are made using an algorithm, which means that they can change at a moment’s notice.

First, CryptoPredictions.com made a Wrapped Ampleforth price prediction for 2022 that saw the token close the year at around $9.39. By August 2023, the site said that WAMPL could be worth $15.01 before it moved up to $19.81 for the same month in 2024. By August 2025, the site suggested that Wrapped Ampleforth could be worth between $22.89 and $22.90, while, 12 months on from then, the forecast was for the token to be trading at $25.17 before closing 2026 at $25.82. 

Next, PricePrediction had a WAMPL price prediction that argued that the token could reach $7.94 in 2022, $11.32 in 2023 and $16.77 in 2024. By 2025, the site said Wrapped Ampleforth could be worth $23.89 before hitting $34.72 in 2026 and getting to $50.93 the following year. In 2028, WAMPL could potentially trade at $76.19 before breaking through the $100 mark to be worth $112.88 in 2029. The next decade could start with WAMPL worth around $164.01 before it got to $242.99 in 2031. 

Meanwhile, CoinArbitrageBot was pretty bullish when it came to making a Wrapped Ampleforth crypto price prediction. The site said that the token could nearly double by some point in 2022 to reach a little under $12.54 before getting to $22.31 in 2023. The site said there would be more growth to a fraction of a cent below $36.10 in 2024, before making a Wrapped Ampleforth price prediction for 2025 of a little below $58.41. 

Finally, the DigitalCoinPrice WAMPL price prediction was optimistic, but cautious. The site said that the token could have reached $8.91 this year, $9.65 in 2023 and $10.29 the year after that. By 2025, the suggestion was that the token could be valued at $13.40, but by 2026 it would have dipped to $11.62. In 2027, the token may have rebounded to $16, while the following year there would be more upward momentum to $22.16, with WAMPL set, if the forecast holds true, to close the decade at around $27.49. The site’s Wrapped Ampleforth price prediction for 2030 saw it trade at an average of $30.42, before reaching $34.33 in 2031.

Final thoughts

Before we finish, there are some important points that we should mention. First, WAMPL’s usage is not exactly the easiest thing to explain to a crypto beginner. The niche service that it provides might well be the sort of thing that might attract a certain sort of crypto expert but leave others to pass it by.

Second, the fact that Wrapped Ampleforth is, as of 10 August 2022, less than a year old means that we don’t really have that much to base how we think it might behave in future on. As always with cryptocurrency, you will need to act with due care and caution if you are thinking about investing in WAMPL.


How many Wrapped Ampleforth are there?

As of 10 August 2022, there was a self-reported circulating supply of 477,006 WAMPL, representing the crypto’s total supply.

Is Wrapped Ampleforth a good investment?

It is hard to tell. The crypto does target a fairly niche market, so while it could well go up in the future it will need to become more accessible if it wants to reach its full potential. As always with crypto, you will need to do your own research before investing in WAMPL.

Will Wrapped Ampleforth go up?

It might do, but it might not do. The forecasts are largely positive, but crypto predictions are very often wrong. The other important thing to remember is that cryptocurrencies can be very volatile, and prices can go down just as easily as they can go up.

Should I invest in Wrapped Ampleforth?

This is something that you will have to decide for yourself. Before you do so, you will need to do your own research, remember prices can go down as well as up, and never invest more money than you can afford to lose. 

Further reading

The material provided on this website is for information purposes only and should not be regarded as investment research or investment advice. Any opinion that may be provided on this page is a subjective point of view of the author and does not constitute a recommendation by Currency Com Bel LLC or its partners. We do not make any endorsements or warranty on the accuracy or completeness of the information that is provided on this page. By relying on the information on this page, you acknowledge that you are acting knowingly and independently and that you accept all the risks involved.
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