I recently sold my Fantom and Harmony -- both coins nearly doubled from their previous lows of the last crash a month ago. For one, Fantom’s growing DeFi ecosystem is gaining but there’s a little bit too much excitement there for me. Fantom needs a game or another stellar success out there that is not DeFi to grow and perhaps even double in the coming months. 

Then there’s Harmony. Harmony is a great chain and perhaps one of the future standout chains for 2022, beyond DeFi Kingdoms, it lacks enough big standouts to probably double in the next few months. There’s a handful of very small market-cap borrow and lending platforms that released in the past 3 months, but the chain lacks the kind of ‘omf (just take a look at the grant page and see what is being developed). 

I used everything I have and shipped it over to Binance coin and Terra Luna. Binance coin, because for a coin that represents three things 1) an exchange that burns coins (representing profits from fees) 2) Binance Launchpad with a whole host of rugpulls and joke gamefi projects (looking at you Mobox) 3) a strong stablecoin that is growing. What Binance does have to offer in the coming 2 months are two things 1) moving to a new headquarters and getting regulated (finally!) and 2) reforming its launchpad and perhaps figuring out a way to get some value and big names on its chain. To my knowledge, there’s not a single great project that I would personally invest in that is built on the BSC chain. But, perhaps I am wrong and given the amount of money Binance is investing into projects through its recent announcement of one billion dollars to fund new ideas; maybe something good will come out of it. 

In terms of Terra Luna, obviously it's Anchor Protocol savings DeFi platform is growing in leaps and bounds. It has reached more than 5 billion USD in deposits in the past week. So, Luna has upside in that you need to use the Luna coin to bond and “save” on Anchor (you convert from Luna to UST or you can stake Luna as well), and there are a few more Terra Luna projects that are supposed to come out in Q1 2022. This includes two savings platforms for specific countries (USA and Australia), updates to Mirror Protocol, and a few more Terra Luna-affiliated marketplaces (NFTs and the like). Overall, I’m pretty optimistic about Luna right now. The tokenomics are certainly there, and the team enjoys burning tons of Luna. Without burning, not only does the token lose value (looking at you Solana and your 15 DeFi projects where the token is utterly pointless) but it destroys the credibility of the project if the token has no real purpose. For example, there are a few chains where the tokens are there to reward users (Aave) but the whales own most of the tokens, so whenever there’s an idea to use it as a governance/voting token, the whales always win every vote. Thus, any kind of token that is not used for anything other than purchasing something on-chain (NFTs) or burning means the project fades away as investors realise there was no real long-term tokenomics behind it.