I really like what I'm seeing from the $FTM daily transactions chart. Consolidation for a few weeks around 700k, and poised for breakout to the upside. The fact FTM maintained a higher transaction count than $AVAX despite suffering a -40% correction is extremely bullish imo. Image
Even during a downturn $FTM was one of the most used chains. What happens to daily transactions during a price rally/price discovery? Hint: It goes parabolic. That will only fuel more aggressive price moves to the upside.
We can see on the chart that transactions consolidated around 700k, which is a higher than the month leading into ATHs.
At the end of the day, the amount a chain is utilised will dictate its success. Utilisation attracts developers, thus liquidity which is eventually reflected in a rise in token price. $FTM has both, and the great thing is price is yet to catch up to these key metrics.

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More from @milesdeutscher

26 Nov
THREAD🧵: Why $FTM is the most undervalued L1 in crypto (TVL analysis).

Out of the top 10 chains by TVL, $FTM has the lowest Mkt Cap/TVL Ratio. This means by TVL metrics, $FTM is the most undervalued chain in the top 10.

1/5 Image
When we compare $FTM's ratio of 1.15 to projects like $SOL (4.35), and $AVAX (1.9), we can start to see how undervalued $FTM truly is.

According to TVL, $FTM is:

- 3.8x undervalued compared to Solana
- 1.7x undervalued compared to Avalanche

Since October 1st, we have seen TVL on $FTM grow by 248%. This explosive growth is facilitated by amazing protocol developments.

When $FTM was at its ATH of 3.50, TVL was almost the EXACT same as it was now! This means that $FTM is ~27% undervalued compared to October 28.

3/5 Image
Read 5 tweets
25 Nov
THREAD🧵: Why accumulating $SPELL now could be a path to riches this cycle.

@danielesesta is building a DeFi revolution, and if you're not already on board - now is the time to strongly consider joining or accumulating more. 🐸

Abracadabra is a revolutionary borrowing/lending platform lead by @danielesesta. It allows users to borrow MIM via providing interest bearing assets as collateral. Its basically yield farming on steroids.

$SPELL is the governance token of Abracadabra.

The $SPELL token price is down -55% from highs despite abracadabra maintaining a TVL of 5b. This is the same TVL at $SPELL ATHs. Via this metric, you're essentially getting twice the relative value when buying at today's prices.

This creates advantageous risk/reward.

3/11 ImageImage
Read 11 tweets
23 Nov
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.

Read 11 tweets

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