THREAD🧵: Why rotating out of $AVAX into $FTM could be the most lucrative crypto play of the year (Avalanche vs Fantom comparison).

Let's dive into why rotating out of $AVAX into $FTM could be a path to riches this cycle👇.

$AVAX currently has a valuation of $30b v $FTM's $5b despite being compatible/inferior on most metrics.

AVAX has a TVL of 12.6b v FTM's 4.7b. However, FTM has a mkt cap/TVL ratio of 1.11 compared to AVAX's 2.35.

Meaning in TVL terms, FTM is undervalued by 53% vs AVAX.

$AVAX looks to be nearing a local top on multiple metrics. Trade volume has slowed, and RSI looks overbought. This is not to say the macro run is over, but it's time to start developing a strategy to rotate profits.

Taking profits at ATH's is almost never a bad idea.

$FTM on the other hand, is down 43% from its peak and is in an advantageous accumulation zone.

With $AVAX at ATHs, the risk of holding compounds as further downside is exposed. Whereas FTM's risk profile is positively asymmetrical.

The $AVAX gas fees are currently outrageous and a huge problem. This massively limits AVAX's price growth potential, as the narrative shifts to L1s like FTM.

Currently, the average AVAX gas costs $1 vs $0.06 on FTM (varying depending on transaction type).

Let's compare some metrics:

Adressess: $FTM 1.2m v $AVAX 912k.

Daily transactions: $FTM 650k v $AVAX 615k.

Max TPS: $FTM 36,000 v $AVAX 6,500/subnet

Gas Fees: You already know the answer..

Odd that $AVAX is valued 6x higher despite inferiority across major metrics.

When looking at L1s, volume is a great indicator of where liquidity is going.

$FTM has $43m volume, vs $AVAX's $41m despite a market cap discrepancy of 6x between the two chains.

I'll point out some reasons for this discrepancy in mkt caps:

$AVAX is more decentralised, more accessible on exchanges (especially US market), and has more current developer activity).

BUT, even with those factors considered, 6x still seems pretty ridiculous.

Upcoming catalysts for FTM:

- Binance Cloud CEX in December (brings much needed accessibility to FTM and its eco in the US).

- Coinbase listing is imminent.

- FVM launching in early 2022.

Crypto is a game of riding waves. We rode the $AVAX wave and it rewarded us handsomely. But now its time to look elsewhere, and the opportunity $FTM is currently presenting is far too tantalising.

Disclosure: I own both Fantom and Avalanche and am a big fan of both projects. But this is a game of opportunity cost, and the cost of missing out on the imminent $FTM rally is too great.

Make sure to share and like this thread if you found it useful!♥️


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