Fantom Network is the most undervalued blockchain out there!
Hi HODLers and Fantom Lovers,
If you have been following my blog lately, you would notice I literally felt in love with Fantom. It has been a deep love despite the recent volatility events.
Fantom is #5 in TVL locked and is #3 in terms of protocols/dapps with 197 projects! 3rd only behind ETH and BSC.
I wanted you to check the Mcap/TVL ratio which can be seen as some kind of valuation metric to compare blockchains.
Fantom currently sits at 0.46x. The second cheapest/undervalued would be Waves at 1.17x Mkcap/TVL. Meaning $FTM token could do a X2 and Fantom Network would still be greatly undervalued.
The ratio would not do a X2 as if FTM goes up, the TVL locked should also increase.
What projects are attractive on the Fantom Network?
I have bias as any user/investors and I really enjoyed Beethoven and Spiritswap. They also seem to be some of the least valued in terms of TVL/MktCap.
I am particularly eager to see the launch of SpiritSwap V2.0 which is going to improve UI and the bribes system ! I could see the exchange competing better with SpookySwap and Solidly after it.
Also, I have seen a lot of SpiritSwap developers in different shows / talks about the FTM ecosystem; which gives me confidence the team is strong and truly working to get best products out.
I have been dollar-cost averaging in my favorite projects and putting some capital to work at great APYs.
I will share some of my least risky strategies very soon.
Fantom was not just Andre Cronje, and our great users are showing it every day !
Stay safe out there,
Latest Analysis
Crypto.com is preventing certain users to access its Lending Services!
I will have a Shake Shack Burger with some Satoshis on the Side!
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The people doing V2K with remote neural monitoring want me to believe this lady @battleaxe is an operator. She is involved deeply with her group and @fyrstikken . Her discord is Battleaxe#1003. I cant prove she is the one directly doing the V2K and RNM. Doing it requires more than one person at the least. It cant be done alone. She cant prove she is not one of the ones doing it. I was drugged in my home covertly, it ended badly. They have tried to kill me and are still trying to kill me. I bet nobody does anything at all. Ask @battleaxe to prove it. I bet she wont. They want me to believe the V2K and RNM in me is being broadcast from her location. And what the fuck is "HOMELAND SECURITY" doing about this shit? I think stumbling over their own dicks maybe? Just like they did and are doing with the Havana Syndrome https://ecency.com/fyrstikken/@fairandbalanced/i-am-the-only-motherfucker-on-the-internet-pointing-to-a-direct-source-for-voice-to-skull-electronic-terrorism
Soon ETH is going to get problems if it does not evolve as the rest
Indeed, but gas fees have been so low due to low utilization lately, it could become cheap again :D
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Never imagined Fantom could peak this much! I totally missed it and sold my tiny bag of Fantom for profit. 🙈
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Well, who said it peaked? :D Maybe it has still some way to go
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Yes. More than 50% down from its ATH. It can definitely go up!
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You are right initially I was thinking fantom won't do that much but to be sincere I'm impressed with how much spike and volitality we have seen do far with that project is a good project to look into thank you for sharing your analysis.
This is my pleasure and I am also impressed with the number of BUIDLers there.
Let’s get this chain on top of the food chain 😎
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Yeah
I have heard quite a few things about fantom. How are the fees over on that blockchain?
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https://twitter.com/VinnieLemon/status/1502160083165212672
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