1/
@FantomFDN is an EVM Layer 1 that uses the DAG technology to deliver a FAST, CHEAP and SECURE blockchain.
It became so popular just 1 year ago being the 2nd most PROLIFIC ECOSYSTEM after Ethereum.
@FantomFDN is an EVM Layer 1 that uses the DAG technology to deliver a FAST, CHEAP and SECURE blockchain.
It became so popular just 1 year ago being the 2nd most PROLIFIC ECOSYSTEM after Ethereum.
2/
$FTM price spiked to its ATH of $3.30 where a mix of unfortunate events:
- One of the main DEVS stepping down.
- Beginning of 2022 BEAR MARKET.
- Reduction of INCENTIVES for developers.
They all contributed to strike Fantom even harder than the average.
$FTM price spiked to its ATH of $3.30 where a mix of unfortunate events:
- One of the main DEVS stepping down.
- Beginning of 2022 BEAR MARKET.
- Reduction of INCENTIVES for developers.
They all contributed to strike Fantom even harder than the average.
3/
However, aside from the price action, there is some EVIDENCES in the air that tells me something is not matching.
There are REASONS to think that this giant is just in hibernation mode and there's a Fantom spring after this long winter.
However, aside from the price action, there is some EVIDENCES in the air that tells me something is not matching.
There are REASONS to think that this giant is just in hibernation mode and there's a Fantom spring after this long winter.
4/
I'll give you 4 REASONS that supports this thesis.
The best way to spot the IMBALANCE on price is by COMPARISON, so I'm gonna use 2 other equivalent chains as a reference point.
I'll give you 4 REASONS that supports this thesis.
The best way to spot the IMBALANCE on price is by COMPARISON, so I'm gonna use 2 other equivalent chains as a reference point.
5/
My picks as a competitors are SOLANA and AVALANCHE for their main similarities:
- L1s Multipurpose.
- High Performance (low fees, high speed).
- Broad Ecosystems.
My picks as a competitors are SOLANA and AVALANCHE for their main similarities:
- L1s Multipurpose.
- High Performance (low fees, high speed).
- Broad Ecosystems.
6/
REASON 1 - The tech
Fantom is one of the best performing blockchains, offering a FAST and CHEAP user experience.
- Fantom: 10000 TPS / 1s finality / $0.01 tx fee
- Solana: 65000 TPS / 1s / $0.00025
- Avalanch: 4500 TPS / 1s / $0.05
It clearly beats Avalanche on this.
REASON 1 - The tech
Fantom is one of the best performing blockchains, offering a FAST and CHEAP user experience.
- Fantom: 10000 TPS / 1s finality / $0.01 tx fee
- Solana: 65000 TPS / 1s / $0.00025
- Avalanch: 4500 TPS / 1s / $0.05
It clearly beats Avalanche on this.
7/
REASON 2 - Tokenomics
- $FTM emissions close to END.
- All private sales and team allocations FULLY UNLOCKED since over 2 years ago.
- 80% of the total supply already in circulation.
- Only block rewards left to be released over the course of next 18 months.
REASON 2 - Tokenomics
- $FTM emissions close to END.
- All private sales and team allocations FULLY UNLOCKED since over 2 years ago.
- 80% of the total supply already in circulation.
- Only block rewards left to be released over the course of next 18 months.
8/
At this stage the SELL PRESSURE should be much LOWER, especially after this long bear market where private buyers and team have probably been selling positions.
After emissions end, it WON'T BE INFLATIONARY anymore.
At this stage the SELL PRESSURE should be much LOWER, especially after this long bear market where private buyers and team have probably been selling positions.
After emissions end, it WON'T BE INFLATIONARY anymore.
9/
- $SOL just finished with all the unlocks and from now on the only new emissions will come from staking rewards until 2032. Currently 65% of total supply in circulation. No max supply.
- $AVAX still agressive on emissions until 2030. Only 40% of max supply in circulation.
- $SOL just finished with all the unlocks and from now on the only new emissions will come from staking rewards until 2032. Currently 65% of total supply in circulation. No max supply.
- $AVAX still agressive on emissions until 2030. Only 40% of max supply in circulation.
10/
REASON 3 - Metrics on Chain
As seen in the image, Fantom still keeps TVL from its days of glory with a wide range of possibilities in term of DeFi protocols available.
REASON 3 - Metrics on Chain
As seen in the image, Fantom still keeps TVL from its days of glory with a wide range of possibilities in term of DeFi protocols available.
11/
In terms of ABSOLUTE VALUES,
Avalanche > Fantom > Solana.
BUT,
In terms of RATIO, Fantom is far THE BEST and still the Top 9 in absolute values. Better than many others with higher market cap.
In terms of ABSOLUTE VALUES,
Avalanche > Fantom > Solana.
BUT,
In terms of RATIO, Fantom is far THE BEST and still the Top 9 in absolute values. Better than many others with higher market cap.
12/
About chain's protocols REVENUE, here it comes the weakest point for Fantom in all this comparison.
Fantom's DApps produced 142k/day in average during last quarter, while Avalanche produced 13x more and Solana 15x.
But....
About chain's protocols REVENUE, here it comes the weakest point for Fantom in all this comparison.
Fantom's DApps produced 142k/day in average during last quarter, while Avalanche produced 13x more and Solana 15x.
But....
13/
Fantom is still generating for example:
1.7x more than Polkadot
4.4x more than Algorand
43x more than Cosmos, yes 43x ๐คฏ
And still is the one with lower market cap by far.
Fantom is still generating for example:
1.7x more than Polkadot
4.4x more than Algorand
43x more than Cosmos, yes 43x ๐คฏ
And still is the one with lower market cap by far.
14/
REASON 4 - Sentiment
I still have to find someone who doesn't like Fantom or had a bad user experience on it.
I feel like many people in the cryptoshpere have some kind of esteem to Fantom but they are waiting for other's approval to show it off.
REASON 4 - Sentiment
I still have to find someone who doesn't like Fantom or had a bad user experience on it.
I feel like many people in the cryptoshpere have some kind of esteem to Fantom but they are waiting for other's approval to show it off.
15/
I know how this work, people needs to follow the trend like a sheep to feel comfy.
If now whales raise the price 50% all of a sudden, everyone will FOMO in when they had 6 months to buy the dip, and will say "I knew Fantom was so undervalued"... but they didn't bought.
I know how this work, people needs to follow the trend like a sheep to feel comfy.
If now whales raise the price 50% all of a sudden, everyone will FOMO in when they had 6 months to buy the dip, and will say "I knew Fantom was so undervalued"... but they didn't bought.
16/
So, to RECAP:
- Avalanche has the worst TX PERFORMANCE and the worst TOKENOMICS and still standing at top 20 with 3.9B MCap.
- Solana got hit so hard by FTX incident and still standing top 15 with 5B MCap.
- Fantom, being COMPARABLE, is top 80 with 460M MCap.
So, to RECAP:
- Avalanche has the worst TX PERFORMANCE and the worst TOKENOMICS and still standing at top 20 with 3.9B MCap.
- Solana got hit so hard by FTX incident and still standing top 15 with 5B MCap.
- Fantom, being COMPARABLE, is top 80 with 460M MCap.
17/
After this analysis, on paper Fantom should be at least top 21 right after Avalanche, don't you think?
My take to explain this, is that maybe the whales are CONCERNED about what will happen AFTER EMISSIONS end. But that, imo, shouldn't be seen as a problem.
After this analysis, on paper Fantom should be at least top 21 right after Avalanche, don't you think?
My take to explain this, is that maybe the whales are CONCERNED about what will happen AFTER EMISSIONS end. But that, imo, shouldn't be seen as a problem.
18/
We complain about PONZINOMICS but then when a token gets NEUTRAL emissions we get scared?
The incentives model has the purpose to attract people to new fields, to explore, but....
We complain about PONZINOMICS but then when a token gets NEUTRAL emissions we get scared?
The incentives model has the purpose to attract people to new fields, to explore, but....
19/
Once the ECOSYSTEM, the COMMUNITY and the TRUST are built, the chain is already offering a full SERVICE to the users and the token is full of UTILITY. The new incentive is the ACCESS to the DApps built in it.
We can be happy for not having to pay a subscription to access.
Once the ECOSYSTEM, the COMMUNITY and the TRUST are built, the chain is already offering a full SERVICE to the users and the token is full of UTILITY. The new incentive is the ACCESS to the DApps built in it.
We can be happy for not having to pay a subscription to access.
20/
Time has passed since the birth of first cryptos, they are getting older and at some point all the emissions from oldest projects will end, and we have to take it.
The era of PONZINOMICS will end to give way to the era of REAL YIELD.
Time has passed since the birth of first cryptos, they are getting older and at some point all the emissions from oldest projects will end, and we have to take it.
The era of PONZINOMICS will end to give way to the era of REAL YIELD.
21/
So what's your opinion about Fantom ?
Do you also feel $FTM is underpriced?
Let me know what you think in the comments.
So what's your opinion about Fantom ?
Do you also feel $FTM is underpriced?
Let me know what you think in the comments.
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