Okay, some unexpected events happened on $FTM, and FUD spread quickly.
Let's ZOOM OUT for a sec and remind everyone of the fundamentals + why $FTM is still a top-tier L1.
[1/n] Megathread:
FUD #1: Andre leaving $FTM: Situation was completely miscommunicated.
FUD #2: Rekt publishes “exposed” article. Later deletes and apologises after his baseless speculation was disproven.
Since then, $FTM is down -30%. Nothing. Has. Fundamentally. Changed.
$FTM has taken all the FUD that can be thrown at it and came out clean. They have desperately been trying to bring us down either to buy cheap or to promote their own competitor L1's. I think the bears gave their best shot and there is nothing but positives looking ahead!
@zachxbt Thats exactly my feeling as well. Wouldn’t be too hard to uncover that as you did.
Are these guys trying to ride a news train right now?
And why throw the @SpookySwap name in there? They literally weren’t ever mentioned.
I’ve enjoyed other rekt articles but this is sad work.
I don’t like thinking of crypto cycles exclusively as “bull” and “bear” anymore. I have a long term thesis, and everything in between is just noise.
Similar to the stock market, we may get periods of “bullishness” and “bearishness”, but the long term direction is clear. 📈
$FTM has:
🔹+750,000 more daily transactions than $AVAX
🔹The same amount of addresses
🔹Cheaper gas fees, ~0.2s faster TTF
🔹Better dAPPS, stronger community and DeFi ecosystem
Yet is valued 2.76x lower than $AVAX. Undervalued.
STOP chasing fast money through Degen plays if you don’t have enough money to begin with. Be patient and work your way up. Pay your dues in the game. I rode Theta from 38 cents to 15 dollars and Zilliqa from 1 penny to 25 cents before I ever touched a Degen play in my life. NFA.