Positioning
I know that despite detailing the layer 1 effect, and how appropriate positioning is imperative in terms of leveraging this idea, many are still completely ignorant. I take no joy in having to revisit this sad reality, as it is indicative of many other issues within the general Crypto investment psychology. Understanding the dynamics of your chosen market is crucial, if you are to excel, and far too many investors are simply reactionary.
For example, in 2022 and 2023, I made accurate predictions concerning Solana. The idea was to short, and then to begin building long positions, once Solana had breached $10. Leveraged positions are however different. One needs a certain level of “floor stability”. I began building leveraged SOL positions at approximately $19. This was scoffed at, much like what is taking place currently, regarding Fantom.
Very few investors can practice this approach. What tends to happen is a scenario where the majority of investors begin to “ape-in”. In Solana’s case, this began to take place at approximately $80 to $90. What’s interesting to note here, is that many of these investors were the scoffers back in 2022 and 2023. Ironically, it’s these same investors who are now fulfilling my predictions and the predictions of others who were able to accurately assess the market.
Regarding Fantom (FTM) and its development, Fantom Sonic holds tremendous potential for FTM’s price action during this bull market. Andre’ Cronje recently tweeted that there are six potential VCs interested in supporting the building and development of Fantom Sonic. VCs are perhaps a bittersweet reality. However, you can’t deny that their presence endorses and encourages retail investment.
Furthermore, Cronje seems to be in top gear. A recent tweet paints a picture of a DeFi designer and thought leader in full swing. Generally speaking, Andre’ appears to be back in full force! As a DeFi architect, as well as a strong proponent of Fantom Sonic and its future. Pushing for VC support, while simultaneously becoming a lot more vocal in support of Fantom, and Fantom Sonic in particular, can only be bullish.
Fantom Sonic is scheduled to go live in the Spring of 2024. With an average block time of 0.58s and 9712 transactions per second, Sonic is going to be a beast! This is exactly what Fantom has needed to give it that extra edge in this bull market. Fantom has survived an unfortunate past and is now looking forward to a brighter future.
Final Thoughts
Regular readers will know that I have already begun positioning myself for “Fantom’s Moment”. This involves several Fantom-based memecoins which I believe will light up, and run ahead of FTM as soon as Fantom season kicks in. Fantom is one to keep an eye on. It’s going to surprise the market very soon… and I want to be ready! All the best, see you next time, and keep stacking!
Disclaimer
First of all, I am not a financial advisor. All information provided on this website is strictly my own opinion and not financial advice. I do make use of affiliate links. Purchasing or interacting with any third-party company could result in me receiving a commission. In some instances, utilizing an affiliate link can also result in a bonus or discount.
This article was first published on Sapphire Crypto.