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Bullish for Avalanche, Celo and Fantom

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Avatar for warliezdiaz
Written by   25
1 month ago

I think EVM-based chains will win in the upcoming massive altcoin season. I am referring to the altcoin run that will take place right after Bitcoin peaks in the first quarter of 2022.

The reasons are very simply: ease of use, familiarity, bridges and adoption. Currently, Ethereum competitors which are EVM-based are eating a big chunk of money flows. Bridges are doing a great job as users are given the option to transfer from one chain to another to seek for lower gas fees and more massive rewards without the need of passing through centralized exchanges.

Ethereum's first mover advantage is undeniable. It is a chain in which many users as well as developers are very familiar. It is for this reason why layer 1 chains like Avalanche, Celo and Fantom have grown significantly in price, total value locked and activity in the last few months.

While layer 2 chains like Polygon, Optimism and Arbitrum have given some relief as gas fees and speed, these fees are still high (except Polygon which really has low fees) and these networks oftentimes get too congested during drastic and important market moves (Polygon is the worst in this case).

I am so bullish when it comes to Avalanche, Celo and Fantom. In addition to ease of use, familiarity, bridges and adoption, these networks have lower time to finality in actual application (not just on paper or theory). Time to finality, in my opinion, is a significant benchmark when it comes to scalability not the transaction per second. Avalanche has sub-second, Celo has five-second and Fantom has two-second finality. In comparison, Solana which has the highest TPS has 40-second finality.

Finally, we all love hidden gems, those tokens which have the perfect formula to pump at least 100x and are just waiting for the right time. Avalanche, Celo and Fantom have a lot of these gems.

(This is not a financial or investment advice. Kindly do your own research diligently.)

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Avatar for warliezdiaz
Written by   25
1 month ago
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