FLMBUSD 4H Rebound - LongThis was a private idea of mine from some days ago that I wasn't confident enough to post yet.
I looked at it today and the idea was quite close to what the current state of FLM is right now so here it is!
FLMBUSD currently consolidating after a push towards 1.25.
It is slowly declining towards 0.80. I'm feeling that it will rebound soon, reaching its previous ATH.
FLM is an interesting coin and can be seen as a solid investment long term.
It won't be the ultimate project in your portfolio, but can be an easy x2 on the long term. At the moment it is fairly undervalued and the project is
still developing a lot. Da Hongfei, the founder of NEO, is personally involved in the project and FLM is the main DeFi solution on the NEO blockchain.
Looking at similar projects we have:
ETH - UNISWAP (7% of market cap of ethereum)
BNB - PANCAKESWAP (4% of market cap of BNB)
NEO - FLM (2.8% of market cap of NEO)
QTUM - QISWAP
Let me know in the comments what you guys think! Am I right or wrong? Either is fine so I can re-evaluate my long position :)
