$FTM (+2.98%)

How do I track my Sonic Coins, formerly Fantom?

Simply with this value here?

Service post for all Shitcoiners among you and anyone still looking for a wallet

Bitbox has arrived in Black Week and is offering up to 21% discount until 02.12.2024:

BitBox02 Multi edition (134,10€)

• https://shop.bitbox.swiss/en/products/bitbox02-multi-2/

BitBox02 Bitcoin-only edition (134,10€)

• https://shop.bitbox.swiss/en/products/bitbox02-bitcoin-only-4/

Black Friday Bundle (197,5€) with the following content:

• 1x BitBox02 hardware wallet - to keep your coins safe (edition freely selectable)
• 1x Steelwallet - to make your wallet backup almost indestructible
• 5x tamper-proof security bags - to ensure that no one can view your backup unnoticed
• 3x backup cards - for additional backup security copies
• https://shop.bitbox.swiss/de/products/black-friday-bundle-41/

I will get the Bitbox02 Bitcoin-only edition, as I would like to do without the ledger.

Are you also getting a wallet?

If so, which one is your favorite?

$BTC (+0.62%)
$LTC (+1.75%)
$ADA (+0.26%)
$ETH (+1.02%)
$MATIC (-0.48%)
$FTM (+2.98%)
$SHIB (+4.2%)

I would be interested to know which cryptos you consider interesting at the moment or for the future and already have in your portfolio or want to get in soon?

It feels like there are now an infinite number, so it's very difficult to keep an overview ^^

$BTC (+0.62%) & $ETH (+1.02%) are of course out of the question and already in the portfolio anyway (I'm also adding to it)

But what other cryptocurrencies do you own?

A few of my ideas would be:

$SOL (+2.53%)
$TRX (-0.99%)
$XRP (-0.29%)
$FTM (+2.98%) ???

The Fantom network is coming back into focus.

Over the coming weeks, Layer 1 will be undergoing its most important network upgrade to date.

In anticipation of this $FTM (+2.98%)the network's native token has recorded a price increase of around 200% in the last 30 days.

Here's everything you need to know - in a nutshell:

Fantom is an alternative layer-1 network that was launched by crypto and DeFi OG Andre Cronje, among others, and is currently being co-developed.

• Fantom is a so-called Directed Acyclic Graph (DAG), which allows parallel execution of transactions compared to a classic blockchain and thus makes the network more scalable.
• In the last bull run, Fantom was one of the most hyped alternative layer 1s and had a total value locked of almost USD 7.7 billion at its peak.
• Since 2022, however, the network has not only seen a sharp decline in activity, but also billions in capital outflows.

The Sonic upgrade is now set to is intended to significantly increase Fantom's performance and thus bring developers and users back to layer 1.

• In addition to the introduction of its own execution environment, the Fantom Virtual Machine (FVM), this includes optimizations in data storage and the consensus mechanism. You can find a technical deep dive on Sonic in the sources.

During test runs on the Sonic testnet, the network was able to achieve a throughput of around 2,000 transactions per second.

• This is roughly equivalent to the current utilization of the Solana network - or more than ten times the average utilization of all Ethereum Layer 2s.

Outlook

The trade around alternative layer-1 blockchains has experienced a renaissance in recent months.

With the use of DAG technology and its unique consensus mechanism, Fantom has enough differentiation to capture the imagination of investors.

The extent to which they can attract developers to their network is another matter.

P.S. - Want more tech updates?

Twice a week we provide 15,000+ readers with a compact overview of the most important technological developments in crypto - as well as the most relevant events on the crypto market.

Straight to your inbox. 📬

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Sources

Background information on Andre Cronje: https://tinyurl.com/3b42xevs

Capital flows on Fantom: https://tinyurl.com/4ucd7rbv

Technical deep dive on the Sonic upgrade: https://tinyurl.com/5bxep5w5

Performance results from the Sonic testnet: https://tinyurl.com/29dmyd7b

Solana network utilization: https://tinyurl.com/2cvzs7pc

Utilization Ethereum Layer-2s: https://tinyurl.com/5at5jc8c

Hi👋

After spending the first few months on this platform as a silent reader, I would now like to provide some input.

About me: 20 years young, currently in the 3rd semester of my studies and also working as a student trainee in the automotive industry.🙂

I started investing myself almost exactly two years ago at the beginning of December 2021. For the DWS fund in my custody account, my father invested a mid-three-figure amount for my birth and for my communion and left it to me on my 18th birthday.

#etfs I started with 4 ETFs myself, one World, one on the S&P, the Future Mobility and the now better-known AI&Big Data ETF. I saved 25 euros a month in each of these for just under a year. 2022 was generally not going too well, at that time the AI and the Future Mobility ETF (which is still in the red) were clearly in the red, which is why I decided to reorganize the whole thing at the end of 2022 and no longer save in these two sector ETFs. I have switched the S&P to an emerging markets fund.

At the beginning of 2023, I finally started working as a student trainee, which naturally meant I had more capital available to invest from then on. I then made pretty much all the rookie mistakes you can make: Paying attention only to dividends, Canadian penny stocks, leveraged wildly, etc. Of course there were also better picks in between like $INTC (+0.82%) or $DHL (-0.2%) which I plan to continue to hold.

In the meantime, I tend to stay away from individual stocks and rely more on my savings plans. At the moment, the allocation is by savings rate:

-200€/month $LCUW

-70€/month $EIMI (-0.4%)

-50€/month $IUIT (+0.64%)

All this with a net income of around €800 over the last 12 months (including temporary jobs). In addition to the €320, there are also investments in cryptocurrencies and the above-mentioned individual shares & beginner's mistakes, which means I invested around 75 percent of my income last year. Of course, this is only possible because I still live at home and have virtually no expenses (apart from vacations and other leisure activities).

Now to the #cryptos

Over the year 2022, I have invested very heavily $ETH (+1.02%) and $LINK (+1.51%) accumulated so that I was able to achieve a good buy-in there. I am very confident in Chainlink and its development team, which is why I can go to sleep with a clear conscience despite the high investment. At $SOL (+2.53%) I was only able to get myself into a small position during the FTX crash, which of course makes me regret not having gone in a little more from today's perspective. Over the last few months $BTC (+0.62%)
$DOT (+1.82%) and with the arrival of the Christmas bonus $FTM (+2.98%) I have invested a total of just over 6,000 euros in cryptocurrencies. I have no further purchases planned there. I am aware of the high risk, but I am positive about the next 1-2 years. When the prices are right, I also plan to sell shares step by step 🙂

So far so good, now a few general points:

The current total value of around €22,000 is made up of €13,500 in deposits, around €4,500 in DWS funds and around €4,000 in price gains. I am of course very satisfied with the price performance for 2023; like many here, I was able to outperform the market as a whole thanks to the high proportion of cryptos.

Targets for 2024:

As far as the new year is concerned, I have not set any targets for the portfolio value, as I will probably not have such high investment rates next year and the volatility is very high due to the cryptos. Apart from that, of course, I want to keep up the pace at university and get a place for a semester abroad at the beginning of 2025 (the reason for the lower savings rates in 2024😉).

Otherwise, thank you for reading and the (hopefully) kind words and I wish you all a happy new year and a successful stock market year 2024!

Opinion about Fantom? #fantom
$FTM (+2.98%)