Discover new Airdrops: Free Tokens, NFT's 2.0, and Bitcoin vs. Altseason in April?
Bitcoin Dominance vs. Altcoin Season: What the Market is Saying and What to Expect Next + Real World use cases for Blockchain.
In my previous newsletter, I delved into the importance of understanding more about DEXs and the potential security risks associated with both CEXs and DEXs. As decentralized tools for lending and trading become more widely available, more digital asset investors and traders will use DEX tools to acquire the assets they desire instead of Centralized exchanges like Binance and Coinbase.
As more layer 1 blockchains develop DeFi infrastructure, there become plenty of opportunities to utilize new networks that could be the next big thing, and even be rewarded as an early user and “beta tester” for potentially the next Ethereum. More on these engagements and later in my newsletter.
I’ll keep you informed on these airdrops when they happen through the newsletter here, so please stay subscribed to not miss these opportunities.
To further explore the differences and best approach to trading, I reached out to Kadan Stadelmann, the CTO for Komodo blockchain protocol. Kadan has been a guest on the show three times over the past few years and is a well-known security expert who has worked extensively in the field, with Komodo being one of the original pre-2017 layer 1 networks.
During our discussion, we delved deep into the topic of security, focusing on the development of non-custodial wallets and the AtomicDEX by Komodo. Kadan shared his expert insights on how to mitigate security risks and safeguard user funds.
If you're interested in learning more about security in the blockchain industry and the shift to secure self-storage and decentralized trading, be sure to check out our in-depth conversation for valuable insights and strategies.
On the NFT front, there is a lot happening in the non-fungible token area of real-world adoption that can onboard the next millions of users into Web3 without their knowledge. However, how can companies like Starbucks, Nike, Disney, and Adidas use NFTs in a practical way that adds value beyond speculation?
Moreover, these companies will be looking for ways to use NFT tools to learn more about their users and provide better services to both the evangelists and hardcore users of their platform.
Recently, I had a conversation with Andrii Yasinetsky, CEO of Mnemonic, about their platform for indexing NFTs, creating actionable information from NFT data, large company partnerships, and when NFTs will become mainstream. They are already establishing partnerships with some of the aforementioned large companies and could be the driving force behind NFTs 2.0.
I highly recommend watching our discussion to gain more insight into the various utilities of NFTs and their value creation mechanism to take advantage of this aspect of the industry.
Airdrops
Airdrops are a major opportunity that has been gaining popularity in recent months. Many new layer 1 blockchain networks are offering incentivized testnet or mainnet launches for users to participate in airdrops.
The most recent examples are the Optimism and Arbitrum network airdrops. Depending on the level of engagement with the network (such as bridging tokens, swapping, and liquidity provision farming), some recipients received tokens worth anywhere between $1,000 and $15,000 for free.
It only takes 5 to 10 minutes to learn how to use these new networks and transfer a small amount of ETH ($10-$30) for the chance of a large airdrop.
Platforms like ZkSync, StarkWare, and Linea have raised over $100 million, $400 million, and $700 million respectively, and they have a running mainnet but no token yet. It's likely that the token will be airdropped to users of the platform.
If you're interested in participating, take the time to learn how to use these platforms by checking out airdrop guides on Twitter, like the one above, that walk you through the process step-by-step. With a small amount of effort, you could qualify for a $1,000-$10,000 airdrop.
Other Crypto News:
Binance likely to exit Canada
Bittrex closes in the USA, stating regulation troubles ahead
US Senator Elizabeth Warren launches "anti-crypto" re-election campaign.
Twitter updates its website logo to Dogecoin.
10 years ago this week Bitcoin hit $100 for the first time.
US government to sell 41,500 Bitcoin ($1.18 billion) connected to Silk Road, in four batches this year.
China & Brazil have agreed to trade in their own currencies, ditching the US dollar. More countries are moving away from the US Dollar as a reserve currency.
ChatGPT banned in Italy over privacy violations.
Technical Analysis:
BTC:
Bitcoin has remained fairly stable since last week, with one attempt to break through $29,000 that was rejected, followed by some fear around negative crypto exchange news and potential sell-offs. Despite the FUD circulating this week, BTC has held up well. Although it's taking longer than anticipated, I believe BTC will still reach the green support lines between $25,000-26,000 before breaking above $30,000, but there might first be more attempts at breaking out above resistance. Check out the IncomeSharks tweet for more insights on BTC's next move.
$BTC.D
Bitcoin Dominance is currently hovering near a potential sell signal, with BTC.D dropping down from 47% to 45% or lower. This presents an opportunity for altcoins to grow, and we could witness the start of a mini altseason. Elon Musk's recent tweet changing his Twitter logo to a Dogecoin resulted in an immediate 20%+ increase in its price. If this trend continues, we could see altcoins and the industry as a whole move up together.
Thanks to the Birb Nest’s trading indicator, the Birbicator, for indicating Bull and Bear signals on the chart. Learn more about how you can read charts better with the Birbicator here.
That’s all that I have this week. Stay focused on Bitcoin as the gatekeeper to all cryptocurrency growth, and watch as these different parts of the Web3 industry expand.
Ashton Addison
-CEO, Crypto Coin Show
Nice updates sir! Keep em coming.