They're not that active since the hard fall, because as you can see there's no progress in it although it showing green percentage in coinmarketcap, for me this project is unpredictable, just imagine because they can't even regain the current ATH since 2018 and it's been long time ago and seems they're stuck up . So op what are expecting?
Yeah. Doesn't look like they've recovered which is so strange. Waltonchain and especially Vechain also fell since 2018 but Vechain in particular has really risen up. I think they're super undervalued. When you really start researching the fundamentals behind blockchain supply logistics tracking. And the fact that so much of our world is heavily reliant on shipping goods around. I really think Vechain will explode one day.
However, this goes back to Amrbrosus. I'm not really sure if they will recover again, but I think there is huge potential IF they are still working on their project to come back as a green god. Idk if they'll ever catch up to Vechain but there are certainly massive gains to be made because they are such a low cap altcoin with huge real world use. And it really seemed like, "from what I saw" they had everything already laid out almost. Which is why I am surprised to see that they hardly blipped during this last "bull market" but it makes sense if they're legit a dead project.
It's just hard to see a project that seemed nearly complete, with so much potential, be dead. Vechain already has a partnership with the Chinese government and many different companies which is why they have skyrocketed during this last bull run. Obviously the Chinese see the utility in such an idea. It wont be long before other companies around the world realize the huge savings they could be making by using blockchain as supply management.
With Amrbosus vs Vechain. They both started when the idea of blockchain based supply management was just an idea and started to make it a reality. Vechain started to win the race and has a huge head start. But I dont see and reasons why other competitors cant catch up to compete. I also have a feeling Vechain might hit a glass ceiling one day because of its association with the Chinese government. Western companies might be somewhat turned off by that. I'm sure eastern companies, obviously starting with China, but maybe even Russia and the other side of the world might find themselves using it. Ambrosus could (if they're alive, kicking, and perfecting their project) could easily start partnering with western companies. So far western companies are pretty skeptical of this idea. China is leading the way with Vechain so there are already real world works going on. If Vechain starts to successfully implement itself with the companies they are working with now, and Western companies see this, they will prob want to fomo into it, or a project like it.
Amazon may be trying to create its own blockchain supply management. Rumors go anyways. Why they dont just use a pre-existing one is beyond me. I guess outside of their control. But that shows me the demand is pent up and not many even realize the need for it.
I just need to figure out what Amrbrosus is actually doing now. If they're working on perfecting their project then I dont think it's dead. I think there is huge potential... Maybe they might wait for Vechain to break its pegging to bitcoin (in the sense that most people just treat it as a cryptocurrency no different than any other alt coin, not seeing its real world use) and start getting mass adopted shooting up in price, then offer their project and people flock to that as it would be a fresh company to start up with while it's still low cap.
But, this is probably years away, and wont happen any time soon so I wouldn't suggest really say I'm gonna start investing in Ambrosus or anything like that too much because I think it's gonna continue to go down or sideways for a long time to come. But one day I think if they're still working hard on it, they're gonna release some updates and it's gonna be like some of these altcoins that were previously low cap for yeaarrsss but then some company, or famous rich person tweets or talks about it and it pumps up, and it goes ballistic to the moon and while maybe never making it into the top 5 or even 10 it might jump up only a short ways away behind Vechain. All maybe and speculation.
In short, keep an ear out for progress in that field. I know a good bit, no expert, but a good bit about how supply chains work now and they are very outdated. You know how much money in terms of goods, time, etc. get lost thanks to antiquated supply tracking? That US pipeline thing prob wouldn't have happened if the pipeline was managed at least in part by blockchain technology. Instant notification and delivery status any time checking is a huge deal. Imagine that ship that got stuck in the Egypt gulf canal, if every company was using blockchain technology it would have instantly alerted "hey, blockage here" and if your ship is still say in the Indian ocean, the idea of "okay, maybe start going around" would be feasible. It's not now because some companies, it took hours to days before they even reacted.
And so much waste sometimes happens for lost goods, food and medicine going bad during transit due to weather changes. All of which could be mitigated by real time accurate data from simple QR code scans during each stop. " The National Cargo Security Council (NCSC) estimates that the global financial impact of cargo loss exceeds $50 billion annually. "
https://www.inboundlogistics.com/cms/article/the-full-cost-of-cargo-losses/Blockchain management wont solve this 100% as some of its due to mechanical things like cargo literally being physically lost. But much of it is sloppy/human error due to bad information. item goes on wrong ship, item gets stolen, items are marketed incorrectly, items stolen, people not doing their job. A simple QR scan for everything with a simple status input would simplify and make tracking way more accurate than the current system of people literally writing down or typing down everything and passing it to the next guy and hoping no one makes errors. When you think about that, and realize that something like Vechain, even if it only helps solve 1/3rd of cargo/supply mishaps and mysteries would be saving billions, you'll realize when word/wind gets out, there will be big company fomo to get their hands in the cookie jar. We just need to see more real world use. It's already going on but just in small scale. So, it's just a matter of time till it explodes.
TLDR: My point is blockchain supply management is criminally undervalued for the real world. Once it is discovered how incredibly useful it is, there will be an explosion of investment into it. Ambrosus may never come back, if it doesn't, I'm sure there will be more competitors to Vechain but the idea of blockchain supply management is revolutionary and is way more than just a crypto "currency" more so than it is a useful company application that can save billions of dollars. Companies only needing to pay a small amount of money to save a crap ton of money will prob fomo into it one day.
