Staking seems to be getting fairly popular. According to a JPMorgan report published in back July, staking generates close to 9 billion USD annually, but the ethereum’s shift to proof-of- stake after the launch of Ethereum 2.0 in 2022 will help the staking trend become mainstream, causing staking revenues to reach some 20 billion USD by the end of next year and 40 billion USD by 2025.
In the ethereum blockchain still become the biggest platform where so many Defi and Dapps projects running on the ethereum layer, I think ethereum 2.0 can increase demand for ETH and cause the price may be soaring.
Link for full report in twitter thread. I have positions in most of these. The exceptions being LINK, ICP, LUNA, ALGO. My largest bag has been FTM which I have been actively selling bwt 2.75 to 3. My entry was .05usd. After seeing this report on developer activity, I'm gonna load up again. 2022 is gonna be lit!
Wow! Congrats on getting FTM at $0.05!!! I got FTM below 50 cents sometime last year, but got shaken out (more like bored out) and traded for other coins In line with the concept of the OP, I missed the tree from the forest and was chasing the latest shiny objects I traded all my Eth to Ftm and all of my Sol to Ftm (just yesterday) My 2nd biggest bag at the moment after Btc is Ftm, and it's profitable but just ok, got in above $2 I'm also holding a lot of Tomb which is an FTM-peg coin, and had TShares which are priced in Ftm, traded them for Ftm when peg went below and yields stopped but did not do right away and lost lots of potential profits in Ftm Started acquiring TShares again yesterday as the Tomb peg is moving up but not above 1 yet, so anticipating it All that is to say I'm concentrated on my bet to Ftm since Tomb and Tshares are all tied and priced in Ftm Thank you for that report!
FTM has certainly held up very well these past few days compared to almost everything else in crypto.
All of us recently invested in cryptos are deep in the hole and beyond panic (where stop loss should have been set). I'm invested for 2-3 years and still look for a 50+% return on investment. Time will tell if I was a fool or insightful, but all the woulda, coulda, shoulda is nothing but barking dogs.
You gotta' have faith. Based upon my understanding of the space, you will suffer the pain, just like equity folks are suffering cureently. Baron keeps DCA into his positions of cryptos. This is a guy who has seen all sorts of shit in journals and trading ideas over the past 30+ years, but he believes in his idea. He has a conviction. You just need to keep the faith. For what it is worth, I do think the major cryptos like BTC are going to hit those 100K targets and beyond. Why? It is the natural evolution of artifices. Doesn't mean it is wrong, or bad, or illegal. It is what it is.
Yea, agree with NoahA seems Solana has been near the bottom of the Smart Contract performers Things will turn around, I still believe we're in a bull market