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.

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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.

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Unlike other chains, $FTM's TVL is very well diversified - meaning this metric is a more accurate measure of quantifying growth.

This is due to the sheer number of quality projects in the $FTM DeFi ecosystem. This spread of liquidity indicates increased sustainability.

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Of course, TVL is just one metric comprising a variety of important factors. But it is still an important one to analyse when determining the current fair value of L1s.

If you enjoyed this thread, please show some love by liking and retweeting to help spread $FTM to the world ♥️

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More from @milesdeutscher

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.

Read 11 tweets
24 Nov
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.
Read 4 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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