A Scramble for Narratives

Dani is back, Jewel is Hot and Fantom is undervalued

Avi Feldman and CryptoDonalt think BTC is in a range. If you’re a small trader like me, I’ll add Hsaka’s advice to steer clear of the BTC and ETH and look to what might be moving next.

New Narratives

1. Is FTM is undervalued? - Jack Niewold thinks so. TLDR: DAG, Andre, Low cap L1, ICE

   Jack Niewold @JackNiewold

   I've officially been redpilled on Fantom ( $FTM ) Here's a thread on: • Why I think it's undeniably undervalued • How it could do a 5-10x in the next leg of the bull market Check it out 👇

2. Dani is back. Spell has bounced back faster than many expected. Now he’s helping Sushi and taking the frog nation across all chains.

   Pasta @pastawastah

   Let me lay out @danielesesta vision if you all haven't been paying attention. Sushi will be the Binanace of DEX's and MIM will be just like USDT the first standardized stable traded against all pairs. SPELL gives him access to leverage and ICE the liquidity across all chains.

3. AVAX developer and user adoption data is up and to the right. Jewel is coming soon. Is it the next Axie?

   Luigi D'Onorio DeMeo🔺 @luigidemeo

   ATH in Active Wallets and Transactions per Day Serviced almost 70% of the amount of transactions at Ethereum. #Avalanche

   

   

   

4. Gamefi is maybe getting going? Akado sensed the beginning of Defi Summer so always important to pay attention when he writes something. The hard question is whether Jewel is the beginning of a trend or whether it is off on its own. A quick look at Dappradar shows that very few other games have combined enough simplicity to get people going, with sufficient complexity to ensure players stay interested. https://dappradar.com/harmony/games/defi-kingdoms

   Florian Kössler @studentofcycles

   19/ ▶️ Valuation DefiKingdom is challening @AxieInfinity in volume and soon in users. Still its sitting on around 1/8 of the marketcap of Axie. Given that in my oppinion DFK is superior to Axie, it will most likely overtake @AxieInfinity in 2022.

   

   Akado アルカード (🫐,💎) @AkadoSang

   I just published Fundamental Analysis: The case for GameFi

   

   link.medium.comFundamental Analysis: The case for GameFiDisclaimer: I own some of the tokens mentioned. This is not investment advice, just sharing some research on what seems to be one of the…

5. L1s - Can the smaller ones catch up? Harmony found a killer App in Jewel. Can Near and Rose follow suit? Rose has an incentive program in the pipeline which may bring users over to farm it. Near has momentum but I haven’t seen the narrative for it yet. (Update: $800m incentive program

   CoinDesk @CoinDesk

   JUST IN: @NEARProtocol is launching an $800 million ecosystem grants program. $NEAR @Blockanalia reports

   

   trib.alNear Protocol Offers $800M in Grants in Bid for DeFi MindshareAmid a spree of mammoth layer 1 incentive programs, Near has raised the bar in sheer size.

6. Memcoins? MONG maybe keeps going because it has a good origin story. Extremely high risk but yet to be listed on any exchanges in spite of $10M in liquidity on Uniswap. Until it is listed, SHIB is still the most traded coin on Coinbase. SPELL has an outside chance of catching both MEME and Fundamentals lovers.

   Daniele 🧊🧙‍♂️ (🎩, 🎩) @danielesesta

   $SPELL is the most traded token ERC20 on @coinbase after SHIB. Nothing to see here

   Pentoshi 🔺 DM'S ARE SCAMS @Pentosh1

   My $SHIB play I'm adding in box below if retest given Selling most in the upper red box Keeping moon bag for a break above Will cut if we lose red on closing basis and buy grey for a 2nd stab at it

   

   

   

   Pentoshi 🔺 DM'S ARE SCAMS @Pentosh1

   $SHIB looks like a perfect textbook retest and bottom formation This is incredibly clean Built base at old resistance with Doji making the bottom Now set up for expansion 1-10 days I reckon for mid https://t.co/95oVYuwgBx