Ampleforth Governance Token (FORTH) unleashed a monster Bull Run Between January 2 and January 3 that saw its price jump to $11.19 before pulling back to its current price level.
The token has however started the week on a positive note with a more than 2% rise by the time of writing today. This has attracted the attention of investors, especially those anticipating taking advantage of the pullback.
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Because of the increased demand for the Ampleforth Governance Token (FORTH) among investors, Invezz has created a brief article to help investors understand what Ampleforth Governance Token is and also assist them in finding the best places where they can buy it.
To find out more, please continue reading.
Best places to buy the Ampleforth Governance Token online
As FORTH is such a new asset, it’s yet to be listed on major exchanges. You can still purchase FORTH using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy FORTH right now, follow these steps:
1. Buy ETH on a regulated exchange or broker, like eToro ›
We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.
2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask
You’ll need to create your wallet, grab your address, and send your coins there.
3. Connect your wallet to the Uniswap DEX
Head to Uniswap, and ‘connect’ your wallet to it.
4. You can now swap your ETH for FORTH
Now that you’re connected, you’ll be able to swap for 100s of coins including FORTH.
What is Ampleforth Governance Token (FORTH)?
Ampleforth Governance Token (FORTH), commonly just referred to as FORTH, is the governance token of the Ampleforth blockchain protocol.
The Ampleforth protocol is the blockchain network where the AMPL coin runs.
The AMPL coin/token is a rebasing cryptocurrency and just like Bitcoin, it is non-dilutive. It also has more usability compared to Bitcoin since it is also used to denominate predictable valued contracts where it represents the independent currency functioning as a unit.
FORTH, which was launched by the Ampleforth team in conjunction with Coinbase is used as the governance token of the Ampleforth protocol. FORTH holders are allowed to vote on proposed changes to the protocol.
Should I buy FORTH today?
If you are looking for a cryptocurrency that has been on a bullish trend over the past week, then you may want to consider buying the FORTH coin.
Nevertheless, you should be aware of the fact that buying the cryptocurrency market is extremely volatile.
Ampleforth Governance Token price prediction
Going by FORTH’s bullish price movement over the past week, analysts anticipate the current pullback is short-lived and the coin is most likely to close February above $15 if it resumes its previous pump.
However, it is always important to keep in mind that the cryptocurrency market is extremely volatile and it can unleash surprising moves.
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