Hi HODLers and Fantom Lovers,
If you have been following my blog lately, you would notice I literally felt in love with Fantom. It has been a deep love despite the recent volatility events.
Fantom is #5 in TVL locked and is #3 in terms of protocols/dapps with 197 projects! 3rd only behind ETH and BSC.
I wanted you to check the Mcap/TVL ratio which can be seen as some kind of valuation metric to compare blockchains.
Fantom currently sits at 0.46x. The second cheapest/undervalued would be Waves at 1.17x Mkcap/TVL. Meaning $FTM token could do a X2 and Fantom Network would still be greatly undervalued.
The ratio would not do a X2 as if FTM goes up, the TVL locked should also increase.
I have bias as any user/investors and I really enjoyed Beethoven and Spiritswap. They also seem to be some of the least valued in terms of TVL/MktCap.
I am particularly eager to see the launch of SpiritSwap V2.0 which is going to improve UI and the bribes system ! I could see the exchange competing better with SpookySwap and Solidly after it.
Also, I have seen a lot of SpiritSwap developers in different shows / talks about the FTM ecosystem; which gives me confidence the team is strong and truly working to get best products out.
I have been dollar-cost averaging in my favorite projects and putting some capital to work at great APYs.
I will share some of my least risky strategies very soon.
Fantom was not just Andre Cronje, and our great users are showing it every day !
Stay safe out there,
