Good morning my TV Fam.
I know it has been a while since I have posted any TA, but FARM is such an interesting play, I could not pass up.
It is true that some of my calls/posts on here have been wrong, but hey, it's at least perspective, right?
I wanted to quickly dive into FARM from a fundamental perspective because up until this point in the rally, FARM only did "ok" in price based on coins in circulation vs valuation.
There are only 572K FARM available and a market cap of only $120M. This coin could EASILY 20X from here and still only have a valuation of $2.4B --- which puts it between 45-50 in ranking for ALL coins in the market.
Remember AXS? Axie Infinity? Look what happened recently in 2 weeks. It went from nothing to $2.1B.
Compound (COMP) a similar coin, ran from $90 to $850 and it has 5.4M coins in circulation --- almost 10X as many coins as FARM and it basically did a 10x from Nov 2020 to our recent May 2021 peak (depending on which exchange you were on.
BTC has recovered from its Wave 2 completion, and as long as it does not dump any further --- or even runs sideways for a bit, we could easily see FARM have its run. The project is sound --- much like AXS in its own right.
As a reminder, this is not financial advice and DYOR.
Much love.
John
I know it has been a while since I have posted any TA, but FARM is such an interesting play, I could not pass up.
It is true that some of my calls/posts on here have been wrong, but hey, it's at least perspective, right?
I wanted to quickly dive into FARM from a fundamental perspective because up until this point in the rally, FARM only did "ok" in price based on coins in circulation vs valuation.
There are only 572K FARM available and a market cap of only $120M. This coin could EASILY 20X from here and still only have a valuation of $2.4B --- which puts it between 45-50 in ranking for ALL coins in the market.
Remember AXS? Axie Infinity? Look what happened recently in 2 weeks. It went from nothing to $2.1B.
Compound (COMP) a similar coin, ran from $90 to $850 and it has 5.4M coins in circulation --- almost 10X as many coins as FARM and it basically did a 10x from Nov 2020 to our recent May 2021 peak (depending on which exchange you were on.
BTC has recovered from its Wave 2 completion, and as long as it does not dump any further --- or even runs sideways for a bit, we could easily see FARM have its run. The project is sound --- much like AXS in its own right.
As a reminder, this is not financial advice and DYOR.
Much love.
John