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- 💣 NFTs as a Winning Strategy
💣 NFTs as a Winning Strategy
Jito Network airdrop | Minterans NFTs | Access Protocol V2 upgrade
A weekly recap of the largest crypto events and narratives, with an extra dose of insight.
Here’s what we have for you:
NFT beta as a winning strategy
Jito network airdrop
Minterans NFTs
Access Protocol V2 upgrade
Idle Finance rewards campaign
GM Raiders. We’ve had a few outperformers in the past few days. A few Solana based coins such as Solend’s $SLND and Star Atlas’ $ATLAS have been on a tear, being up ~30% in the past 24 hours. $RBX, a perp DEX on Starknet and $SEI have also been on a run. Lastly Vertex is now trading at a crazy $500M FDV, but perhaps it’s not that crazy considering their volume has surpassed that of dYdX for a few days now.
In other news, Jito Network on Solana announced its airdrop. 10% of the token will be distributed to the community, including jitoSOL holders and validators who have used the Jito client. Jito is essentially Lido + Flashbots on Solana so with that narrative going for it, I could see the token potentially doing very well.
-RektRadar
Some of the sure fire winners of the next bull market will likely be the large cap tokens that everyone knows and loves. Examples include ETH and SOL. However, if you don’t think that ETH will go up enough, another great way to gain higher beta exposure is through NFTs.
In a bull market, NFTs go up a lot, and the best part is that they are denominated in ecosystem gas tokens. For example, NFTs on Solana are denominated in SOL, so if SOL goes up 4x, and then your NFT goes up 5x in SOL terms, that’s a handy 20x for ya. That’s exactly what’s been happening in Solana, where NFTs such as Tensorians and Madlads have shot up almost 200% in the past week.
Minterans NFTs
Mintera provides investors with real USDT yield based on green mining farms. Here’s your chance to be climate friendly. They’ll be launching an NFT collection of 1,000 soon with a mint price of 0.01 ETH.
Here’s a little bit of alpha in terms of NFT utility. There will be extra bonuses in GMY rewards, whitelisting for future product drops, and APR boosts.
Access Protocol V2 upgrade
Access Protocol V2 is here. As a primer, Access is here to reinvent content monetisation by allowing users to access content by staking tokens. The protocol currently has 250K subscribers.
The V2 upgrade introduces transferable subscriptions, a referral system, forever subscriptions, and a protocol-native referral system, all things you need for a thriving creator economy.
Idle Finance and reward campaigns
Idle Finance builds yield automation infrastructure for DeFi. One notable product is yield tranches, which allow users to segment yields and risk on any DeFi yield source.
One extra special yield tranche is for Clearpool, an institutional lending marketplace. The protocol has received a 150K OP grant that will be distributed as rewards on Optimism, and also has an ongoing 3 month $MATIC rewards campaign for its Polygon zkEVM deployment.
Stake your VRTX on Vertex for some pretty nutty APRs
Keep and eye out for the $JTO token launch
$20M in DYDX rewards are being given out for dYdX V4
Pudgy Penguins as an elite NFT play on the back of Cyber Monday deal
Buy some Solana NFTs if you think the $SOL run up continues
Try out MagicEden’s wallet. Remember, they still don’t have a token yet
Introducing Magic Eden Wallet, a wallet made for Magic Eden users and cross-chain collectors.
Beta version is now live and only available to a small group of early testers!
Want to give it a try? You can get on the waiting list by downloading the extension and entering your… twitter.com/i/web/status/1…
— Magic Eden 🪄 (@MagicEden)
3:04 PM • Nov 27, 2023
dYdX trading and launch rewards are live
1/ Trading and Launch Rewards are live on dYdX Chain! ✨
Traders can now earn rewards when they use dYdX Chain available via the @dydx_ops_subdao!
Let’s dive into the details:
dydx.exchange/blog/v4-full-t…— dYdX (@dYdX)
2:04 PM • Nov 28, 2023
Memecoins will become commoditised. I agree strongly. There’ll be a memecoin for everything
Meme coins will become commoditized to the point where there will be a tradeable ticker for every major global news, sports, geo-specific events on the planet.
You are seeing some sparks of this with the recent announcements by CZ, Grok, and others over the past few years.… twitter.com/i/web/status/1…
— Imran Khan (@lmrankhan)
9:23 PM • Nov 28, 2023
RWA protocols that may do well. Personal favourites are Maple Finance and Centrifuge.
RWAs have experienced 10x growth this year in a market that is 100x larger than their current valuations.
Here are some protocols worth keeping on your radar:
**Large Caps**
- Centrifuge: $CFG
- Goldfinch: $GFI
- Avalanche: $AVAX
- Maker: $MKR**Midcaps**
- Maple: $MPL
-… twitter.com/i/web/status/1…— Emperor Osmo🧪 (@Flowslikeosmo)
7:05 PM • Nov 28, 2023
GambleFi tokens to keep an eye on. I like $RLB and Shuffle
Gambling Industry generated $90B in revenue in 2023 🔥
Now, just imagine the potential growth of GambleFi projects during a bull run.
Check out my handpicked list of GambleFi tokens with 10-100x upside 👇🧵
— Rekt Fencer (@rektfencer)
3:27 PM • Nov 26, 2023
Solana metrics continue to be on the rise
Some Solana metrics from the past ~month:
- 48MM of net inflows from ETH -> SOL (wormhole) over the last 30 days
- DEX vol hit a low of 17.69MM on Oct 14 to a local top of 466.44MM on Nov 10
- Stablecoin mcap up >100MM since the bottom on Oct 16
Great month to be a manlet
— jay (@0xjaypeg)
3:41 AM • Nov 27, 2023
Do we think $BONK could be a memecoin winner in the bull? If Solana has a massive bull run, then I certainly think so.
$BONK is in the earliest stages of a massive parabolic move
The potential for $BONK to go HIGHER has never been greater
A $40 Billion valuation peak bull cycle is a very real possibility. Those who argue against this forget just how insane bull markets get in crypto.
— AustinisMORBID (@AustinisMorbid)
7:54 PM • Nov 28, 2023
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