Writing an article about FTM again?
My previous post on FTM was only 2 days ago and yet FTM raises again. Currently 1 FTM sits at $0.0126 whereas this was only $0.0059 a couple of days ago. Now the question arises to why FTM keeps rising and walls keep getting bought. Are some whales done accumulating and ready to let the market its thing? Are we in a (short) bull cycle for FTM? Nobody knows, all I know I tripled down on FTM during the previous rise and I'm overall up over 50%. I might sell some FTM to lock in some gains. On the other hand I am also staking FTM and currently gained 8 FTM during 1 with just $40 of FTM. Not a whole lot but definitely more than my bank gives on my savings.
Do I still recommend buying FTM?
Long term: YES, the staking rewards are great and nearly unmatched. Especially if you add in the ease of staking and the lack of ETH fees to stake other coins. Moreover, the Fantom team is finalising their DeFi project so that's definitely something to look out for.
Curious to how to stake FTM?
Follow this list
- Buy FTM
- Send FTM to your own wallet which you can make via the pwawallet site
- Press the stake but
- Pick a node( I suggest Connor)
- Send the confirmation and done
- All you have to do is claim your rewards from time to time
Curious to see if I'm actually staking FTM?
Search for this address on the opera chain of FTM 0xb3e430c9E5058a0C9Dd26C05a4fD957190aCbd91
Curious to see what BTC has been doing this week?
Not a whole lot to be honest. The price has been swinging between the 9300-9000 all week. There is definitely an increase in volume however that is only after a slow but gradual decline. It seems like bears are gaining some power with buy volume drying up. If you are short on money it might be wise to cash some gains. Otherwise I suggest you buy some solid staking coins and wait to see where this train goes.
Be sure to drop a follow because this week I will talk about some other coins with significant staking dividends.
