Will #bitcoin nuke & take down the market?
Or will #crypto rise again?
While we wait to find out, let's learn about $FTM #fantom my most requested L1 to research.
If you find this thread useful please retweet, share, and tag a friend 🧵👇
#cryptocurrecy #Fantom
Or will #crypto rise again?
While we wait to find out, let's learn about $FTM #fantom my most requested L1 to research.
If you find this thread useful please retweet, share, and tag a friend 🧵👇
#cryptocurrecy #Fantom
1/ WHAT WE COVER
I will apply my strategy that helped me make big gains in 2021 to analyze $FTM (if you want to know more about this, see link below)
My strategy covers:
-Catalyst
-Cultural narrative
-Brand
-Tokeconomics
-Dangers
getrevue.co/profile/brands…
I will apply my strategy that helped me make big gains in 2021 to analyze $FTM (if you want to know more about this, see link below)
My strategy covers:
-Catalyst
-Cultural narrative
-Brand
-Tokeconomics
-Dangers
getrevue.co/profile/brands…
2/ CATALYST - 1
$ETH is struggling with high fees & slow speeds. And while there have been high hopes for $MATIC & other L2s...they are still not as cheap as $SOL
$ETH is struggling with high fees & slow speeds. And while there have been high hopes for $MATIC & other L2s...they are still not as cheap as $SOL
3/ CATAYLST - 2
At the same time, $SOL has crashed numerous times.
It also lacks the same level of Dapps that $ETH has
All of this might act as a catalyst for a new narrative (keep reading 👇)
At the same time, $SOL has crashed numerous times.
It also lacks the same level of Dapps that $ETH has
All of this might act as a catalyst for a new narrative (keep reading 👇)
4/ CULTURAL NARRATIVE
$SOL 's issues are due to the age-old trilemma problem.
No #crypto project has managed to crack the problem of scalability, security, and decentralization.
$SOL crashed because it chose scalability over decentralization. This made it less stable.
$SOL 's issues are due to the age-old trilemma problem.
No #crypto project has managed to crack the problem of scalability, security, and decentralization.
$SOL crashed because it chose scalability over decentralization. This made it less stable.
5/CULTURAL NARRATIVE -2
In light of this, a new narrative might play out.
Whereby people hunt for L1s that are more secure and less centralized.
Something that better solves the trilemma problem
In light of this, a new narrative might play out.
Whereby people hunt for L1s that are more secure and less centralized.
Something that better solves the trilemma problem
6/ BRAND STORY -1
-Fantom's brand story focuses on being an L1 that aims to crack the trilemma problem.
-It uses a DAG ‘Decentralized Acyclic Graph'.
-A DAG can skip blocks in a chain & move more freely.
-Compared to linear blockchains that have to go from A to B.
-Fantom's brand story focuses on being an L1 that aims to crack the trilemma problem.
-It uses a DAG ‘Decentralized Acyclic Graph'.
-A DAG can skip blocks in a chain & move more freely.
-Compared to linear blockchains that have to go from A to B.
7/ BRAND STORY -2
-Creating a brand story around solving the 'Trilemma' is hugely powerful and compelling. ✅
-BUT whether it can live up to this huge ambition, is yet to be seen.⚠️
-Creating a brand story around solving the 'Trilemma' is hugely powerful and compelling. ✅
-BUT whether it can live up to this huge ambition, is yet to be seen.⚠️
8/ BRAND INFLUENCE
@AndreCronjeTech the 🧠 behind @iearnfinanceYearn which kicked off the “DeFi Summer" in 2020 is fully committed to $FTM.
There is also a lot of hype around his new ve(3,3) project with @daniele_sesta
These two can really help spark 'brand fame' for $FTM
@AndreCronjeTech the 🧠 behind @iearnfinanceYearn which kicked off the “DeFi Summer" in 2020 is fully committed to $FTM.
There is also a lot of hype around his new ve(3,3) project with @daniele_sesta
These two can really help spark 'brand fame' for $FTM
9/ BRAND EXPERIENCE (BUX)
FTM uses an #Etherum Virtual Machine (EVM) which is basically like an $ETH emulator. Making it easy to copy over $ETH apps over to Fantom. This means:
-Great BUX for coders
-Great BUX for users - imagine the best #ETH Dapps but faster + cheaper
FTM uses an #Etherum Virtual Machine (EVM) which is basically like an $ETH emulator. Making it easy to copy over $ETH apps over to Fantom. This means:
-Great BUX for coders
-Great BUX for users - imagine the best #ETH Dapps but faster + cheaper
10/ TOKECONOMICS
-TVL (Total value locked) is a strong indicator of the real value of an L1 system
-The TVL of $FTM is way bigger than $ADA
-However, the market cap of $FTM is around 1/7 of $ADA right now
-This means there is a big potential for $FTM to run-up a lot more.
-TVL (Total value locked) is a strong indicator of the real value of an L1 system
-The TVL of $FTM is way bigger than $ADA
-However, the market cap of $FTM is around 1/7 of $ADA right now
-This means there is a big potential for $FTM to run-up a lot more.
11/ TOKECONOMICS -2
-10% of the total $FTM token allocation was given to the founding team ✅
-They had a 24-month vesting period which has now ended ⚠️
-There are also a lot of VCs involved ⚠️
-40% was sold in the public sale ✅
-10% of the total $FTM token allocation was given to the founding team ✅
-They had a 24-month vesting period which has now ended ⚠️
-There are also a lot of VCs involved ⚠️
-40% was sold in the public sale ✅
12/ DANGERS
-the vesting is period over, tokens could be dumped further by VCs or team.
- Alt L1 space is crowded, could other brands have a bigger influence?
-has the L1 narrative peaked already?
-#Bitcoin 💩 on the market
-the vesting is period over, tokens could be dumped further by VCs or team.
- Alt L1 space is crowded, could other brands have a bigger influence?
-has the L1 narrative peaked already?
-#Bitcoin 💩 on the market
13/ CONCLUSION - 1
✅ $FTM has a great brand story that plays into a big narrative (we need ALT L1s + SOL is failing)
✅ Solving Trilemma appeals to many.
✅Great brand influence with @AndreCronjeTech
✅Great BUX via EVM
✅ High TVL + low market cap = undervalued
✅ $FTM has a great brand story that plays into a big narrative (we need ALT L1s + SOL is failing)
✅ Solving Trilemma appeals to many.
✅Great brand influence with @AndreCronjeTech
✅Great BUX via EVM
✅ High TVL + low market cap = undervalued
14/ CONCLUSION -2
However, there are some watch-outs
⚠️ Vesting period
⚠️ Bitcoin💩 on everything
⚠️ is Alt L1 narrative peaked? Will it rotate into something else
However, there are some watch-outs
⚠️ Vesting period
⚠️ Bitcoin💩 on everything
⚠️ is Alt L1 narrative peaked? Will it rotate into something else
15/ MY PLAY
-I love $FTM, I think it has huge potential (FYI I bought some last year)
-But be cautious right now because anything could happen with #btc being shaky
-I bought on Gate.io btw (lows fees and preferred platform) link 👇
gate.io/ref/8742183
-I love $FTM, I think it has huge potential (FYI I bought some last year)
-But be cautious right now because anything could happen with #btc being shaky
-I bought on Gate.io btw (lows fees and preferred platform) link 👇
gate.io/ref/8742183
16/ SUPPORT THE CONTENT
-If you like this thread please go back to the first tweet and Retweet it.
-Also if you like the threads, you'll love the free newsletter below
getrevue.co/profile/brands…
-If you like this thread please go back to the first tweet and Retweet it.
-Also if you like the threads, you'll love the free newsletter below
getrevue.co/profile/brands…
17/ INTERESTING PEOPLE TO FOLLOW FOR $FTM
@AndreCronjeTech
@daniele_sesta
@FantomFDN
@harryyeh
@ftm_ecologist
@iearnfinance
@TheCryptoDog
@AndreCronjeTech
@daniele_sesta
@FantomFDN
@harryyeh
@ftm_ecologist
@iearnfinance
@TheCryptoDog
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