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.
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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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. 🐸
1/1
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.
2/11
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.
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👇.
1/11.
$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.
2/11.
$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.