Thread by @BarryFried1

Very highly requested thread!

Here’s how I find undervalued gems: Layer 1 edition!

Let’s dive in🧵👇
1/11

For starters, I like to see Layer 1s bringing something new and unique to the space…not just a Solana fork ;)

Think about it, why would anyone use a forked blockchain with a less developed ecosystem?

Key word: INNOVATION
2/11

Here are some examples:
@ProtonXPR $XPR- gasless, will allow for fiat on/off ramp through bank wiring

@HelloTelos- the fastest L1 in crypto, no frontrunning possible

@MoonriverNW and @MoonbeamNetwork- Eth 2.0 and EVM compatible while interoperable within the Dotsama eco
3/11

@OasisProtocol $ROSE- privacy focused L1 utilizing ParaTimes to offer their unique, customizable services and scale thousands of TPS

@HathorNetwork #hathor $HTR- bringing crypto to the masses through custom tokens, almost infinitely scalable
4/11

@kadena_io #Kadena- 480,000 TPS on the public chain, and 9,000 on the privacy chain. Built on Pact, a coding language with automatic bug detection, as well as gas stations supplying free gas!

@oraichain- L1 connecting AI tech with blockchain tech, using their own AI oracle!
5/11

You see, these Layer 1s range from 125 million to 1.5 billion dollar mcap (@oraichain is 20 million 👀)- and they’re all bringing something extremely unique to the space!
6/11

Compare these to much higher valued L1s like Solana, Ethereum, Avalanche, etc.

These higher valued L1s have more Dapps, driving more growth to the native token.

As these up and coming L1s build flourishing ecosystems, we’ll see huge sums of money flowing in👀
7/11

What’s the take home message?

Find an L1 bringing innovation to the space, buy/stake the native token, and wait for the ecosystem to be built.

IMO the most favorable risk/reward plays are L1s, so get in early!
8/11

Don’t believe me?

Ask yourself this:
Why did Solana get big? (Speed, scalability)
Why did Terra get big? (High yield Proof of burn stablecoin, money ecosystem)
Why did Avalanche get big? (3 chains, subnets)
Why did XRP get big? (People are uneducated😏)
9/11

And when exactly did these L1s start to moon?

When the ecosystems started to form, utilizing the perks/benefits of the specific chain👀

All the undervalued L1s listed above have either just started forming an ecosystem, or haven’t started yet.

THIS is the time to buy!
10/11

Thank you for reading
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11/11