Six Crypto Airdrops Could Be Coming to Savvy Altcoin Traders, According to Coin Bureau
Pseudonymous Coin Bureau host Guy says that worthwhile crypto airdrops could be on the horizon while explaining a short history of the phenomenon.
Guy tells his 1.67 million subscribers that although most airdrops today are giving away tokens that will likely be worth very little, a few well-established blockchains are handing out coins for traders willing to meet the required interactive bounties.
“The truth is, there are no doubt a lot of other projects that are giving away their tokens for free right now but that’s because most of them are pretty worthless…
However, it’s those airdrops that are distributed by popular projects in ecosystems that are the most lucrative, those that are worth more than a few thousand. These are the ones that you’re most likely to hear about it.
Most of these high profile airdrops have been in the decentralized finance (DeFi) space, where people will have had to have interacted with a protocol or DApp in some way, shape, or form.”
Guy speculates that crypto wallet MetaMask, layer-2 Ethereum scaling solutions Arbitrum and Optimism, and popular NFT marketplaces such as OpenSea, the Bored Ape Yacht Club, and Solana’s decentralized exchange Solanart are the next token-less blockchains that may host airdrops in the future.
“There are a plethora of low-value airdrops out there that give you virtually nothing… I think if you really want to increase your chances of a lucrative airdrop, use those services and protocols that are actually adding value. Those that you would use anyway and not solely for the chance of an airdrop…
On top of this, those projects that are providing the value are more likely to have a valuable token if it were to drop, it’s only logical. The same goes for anything in the NFT space.”
I
Check Price Action
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Space creator
Credit: Source link
Comments are closed.