THE TIME IS RIGHT FOR AIRDROP HUNTING
Airdrop hunting is an integral part of the Web 3 culture. It is an avenue for new entrants in the Web 3 space to gain liquidity-- tokens/money to trade and invest in the crypto market. This is a low-risk high-effort game that requires huge time investment and alpha--inside knowledge.
Market sentiments have been positive for the past few months now and one can speculate that the bull run has commenced. Now, if you are amongst the category of persons who do not have enough capital to invest in the market, your best chance of making anything tangible from this bull market is to hunt for airdrops.
I must mention the cons of airdrop hunting so you don't get stuck chasing pavements. In a previous post I cover this issue extensively, and it will help enable you to have a better perspective on this aspect of cryptocurrency.
WHY DO I THINK THIS IS RIGHT TIME FOR AIRDROP HUNTING?
One of the key aspects of a bull market is project discovery and visibility. During this half of the market cycle, most projects that want to succeed or become more visible increase their marketing budget and come up with different initiatives to drive traffic to their project or blockchain. This creates opportunities for crypto influencers and airdrop hunters to make decent money.
Airdrop hunting during the bull and bear market are quite different. In the bear market, most projects are very conservative with their tokens and initiatives because they have very limited resources. However, in the bull run when there is an influx of liquidity into the crypto market, many projects have to come up with more lucrative incentives to gain the attention of people due to increased competition for market share.
NARRATIVES TO WATCH OUT FOR DURING THIS BULL MARKET.
Two narratives will drive this bull market. The first is SocialFi. It has been brewing for months now but we are yet to have the perfect iteration of social media and finance. InLeo comes close, but it needs a multi-million marketing budget to gain significant market share. From what I know, this project has no VC backing, so it will take some time to actualise its full potential.
The second narrative on my list is Artificial Intelligence. The craze and race for artificial intelligence has grown exponentially these years with the rise of AI models like ChatGPT. I believe this trend will continue into 2024 and have a major push in the Web 3 space.
I haven't seen any Web 3 iteration of Artificial Intelligence and Blockchain technology to my fancy, but when I do, I will go 100% into it. If not for anything the hype around would be enough 100x the corresponding token of that chain. These are the sort of things I will be looking out for in the Web 3 space right now.
FOCUS ON TRENDS AND HYPE
The time to build and research is slowly closing. This is not the time to be tribal or hooked to one project. If you have done your due diligence in the bear market, you should have found your gem and that doesn't have to be something that makes you a lot of money.
For instance, I found my gem 4 years ago in Hive. It has not made me the most money in crypto but it is a project I am passionate about and I am willing to contribute meaningfully in the short and long run to its growth. With Hive I care more about adoption and growth than I do about price or market cap.
In the bull market, the goal is to maximise my time and influence, which is what you should do as well. You have a pretty good chance of making decent money if you tinker around, and the best indicators to follow are hype and market trends.
This is not a time to speculate with your money because most tokens are overpriced and you might end up becoming exit liquidity for whales and VCs. The only thing worth risking at this point is your time and you can reduce your risk exposure by following crypto alpha groups or people who are doing the work and putting out the information.
Understand that everyone is playing different roles at this point. There are creators, educators, hustlers, etc everyone has a role and opportunity to make something out of the bull market. So you need to find where you fit and start putting in the work now.
If you found this post useful, kindly reblog. Thank you.
Check out this short thread on projects with potential airdrops.
Posted Using InLeo Alpha
Last few months I participated in several airdrops and fortunately I was selected to receive tokens in a few but sadly after a long time I checked the email I used and found that they had expired. Thanks for elucidating the point.
I would gladly join the learning group during this phase of the crypto market
Thank you