Fantom - A Fantastic Chance!
It's All About Your Point Of View
Fantom has been affected hard by the latest news about Andre Cronje and his decision to retire.
It is, however, not as horrible as you may believe.
I started accumulating FTM again at around $1.35, which was a few days before Fantom embarked on a rampage upwards.
In essence, FTM's price appreciation has been limited to a few months.
I see this as a buying opportunity since, despite the fact that only a few months have passed, FTM is still substantially below its recent high.
This isn't ideal for purchasers who already own the top, but it's ideal for people like myself who are first-time buyers.
Fantom is now selling at $1.26 at the time of writing, having recently traded for much over $3.20. I see opportunities as someone with a long-term perspective! So, where does this chance exist?
Stream of Income
Because the reward is dependent on coin holdings rather than a monetary value, I've typically recommended accumulating decent staking coins early in the game. In the case of FTM, investors should expect to see a significant increase in their yield. FTM holders can stake their coins in the official Fantom staking pool and earn up to 14.4% APR during a one-year lock period. Lower returns and no lock-up periods are also offered for shorter periods. In monetary terms, if FTM trades over $3 again, the 14.4 percent return will be equivalent to a 30 percent return on the initial investment.
If the price remains stable or falls, the original coin allotment will appreciate at a rate of 14.4 percent each year. This lowers your average entry price and, as a result, lowers the point at which you will now break even. In any case, high-quality staking coins are the better choice. In the event of a favourable outcome, you will be able to quadruple your winnings, while in the event of a poor conclusion, you will be protected by the introduction of additional free coins to your holdings.
Investing – Trading – Earnings Streams
Some individuals only look at Crypto through one of the aforementioned lenses, whereas there are actually other ways to approach it. A trade is not the same as an investment, and an investment is not always a source of revenue. At least in my perspective, you should be actively involved in all three. Due to market conditions, someone who buys a home to earn rental income may see the value of his property drop briefly. He is unconcerned, though, because his goal is to generate revenue. Sure, he hopes the price will rise and that his "unrealized" loss would be transitory.
This is how I see Fantom: as a source of revenue that also allows me to see a business potential. I am willing to set away funds for a year. Not only does it improve my return, but it also raises the possibility that the price of FTM may rise significantly over that time. It's not a terrible idea to be forced to be a hodler!
Last Thoughts
I'm constantly on the hunt for chances like these, as well as enterprises that are still in the early stages of development. FTM was my first investment when it was still trading for pennies. When I noticed that Fantom had been missed in the last layer 1 pump, I started purchasing again at $1.35.
Binance.com is the source of this image.
There's always the possibility that FTM will fall, especially if the market as a whole collapses. In the image above, you can also see a gigantic double top design. Personally, I'll hold out on buying significant drops below the neckline until consolidation occurs above it. To put it another way, I've discovered an opportunity, but it has yet to be qualified. Conduct your own research and make appropriate plans. Even in "secure" investing industries, risk is always there.
Unrestricted Polygon
Thank you for taking the time to look into Fantom with me today.
Disclaimer
First and foremost, let me state that I am not a financial counselor. All material on this website is only my personal opinion and does not constitute financial advice. Affiliate links are used by me. I may receive a commission if you make a purchase or engage with a third-party firm. Using an affiliate link may potentially result in a bonus or discount in some cases.
Dansontela was the first to publish this article.
I've compiled a comprehensive list of referral links for the sites and possibilities I use to make everyday Crypto money.
