Fantom Network is the most undervalued blockchain out there!

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.

What projects are attractive on the Fantom Network?

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,

Latest Analysis

Posted Using LeoFinance ^Beta