Evolution of the airdrop concept
The market has evolved from gratuitous âthank youâ airdrops to point farming, inflated user expectations and the fight against multi-accounting.
The first airdrops
â«ïžFirst in the crypto industry airdrop was conducted by AuroraCoin in 2014, distributing tokens to Icelandic residents to incentivise their use as currency.
Classic Retrodrops
â«ïž2020 Uniswap conducted a retrodrop without announcing it in advance. 90% of the addresses that interacted with the protocol received 400 UNI (roughly $1400 at the time of bidding). This set a new standard for airdrops, where users are rewarded for past activity.
User sharing models
â«ïž2023 projects like Aptos and Jito began implementing models where users were categorised by activity. For example, users who participated in the Aptos test network received 150-300 APTs depending on activity.
Allocation by activity
â«ïžArbitrum and Optimism introduced action-based distribution in 2023, where rewards were based on participants' onchain activity.
Points programmes
â«ïž2024 point-based programmes started to displace retrodrops. An example is the Renzo protocol, where users earned points for actions, which were then converted into tokens.
Airdrops are gradually losing their effectiveness. Distributions from ZKsync and LayerZero have shown that this tool can exhaust itself: developers try to get the most out of users, and those create multi-accounts to get tokens and sell them quickly. Thus, trust between the parties is reduced...
đNow happening: Bitcoin acquisition reaches 58% for the first time since 2021.
It will be really difficult for altcoins
Bitcoin acquisition is on the rise and is approaching 60% for the first time in 4 years.
If it reaches 70%, it will be disastrous for altcoins and may fall by 30% again and achieve new lows.
This indicates that investor confidence in altcoins is beginning to decrease.
Currently, 60% of crypto liquidity has entered Bitcoin, 20% Ethereum, and the remaining 20% ââhas entered altcoins, and this is really negative.
In order for there to be a strong rise in altcoins, the acquisition must fall to 40%.
This is currently unlikely.
In order for the acquisition to fall to 40%, it needs a few more months.
Logically, I rule out a bullrun.
Even in October, we may witness a temporary rise, between 200% and 300% in some currencies, then another correction, and so on. The same scenario. The market is boring and will get worse. Even with the interest rate cut, I do not expect a strong rise.
Altcoins alone need $3 trillion to achieve a strong rise, reaching 600% to 1000. This is unlikely. With every rise and with the entry of major financial institutions, they make a big short and the market falls.
$2 trillion has evaporated from the crypto market since the beginning of 2021.
Ethereum Foundation Sells Another 100 ETH for 226,868 DAI!
The #Ethereum Foundation has just sold another 100 ETH for 226,868 DAI approximately 2 hours ago.
Main Address:
0xbc9a9ac7dc36b1706732374bf632ef39fb6efbc3
Middle Address: 0xd779332c5a52566dada11a075a735b18daa6c1f4
While the recent sales may seem small, the Ethereum Foundation has consistently sold ETH on-chain weekly for the past 3 weeks, totaling 650 ETH ($1.51M) at an average price of $2,323.
This steady sell-off could indicate strategic management of their funds or market positioning, so itâs worth keeping an eye on their future activity!
$ETH
{future}(ETHUSDT)
{spot}(ETHUSDT)
ARB (Arbitrum) is a cryptocurrency token that operates on the Arbitrum network, a decentralized, open-source platform that enables scalable, secure, and private decentralized applications (dApps) on Ethereum.$ARB
Key details about ARB include:
- Symbol: ARB
- Blockchain: Arbitrum
- Consensus Algorithm: Proof of Work (PoW)
- Total Supply: 10 billion ARB tokens
- Circulating Supply: Approximately 2.5 billion ARB tokens
- Use Cases:
- Scalable dApps on Ethereum
- Private transactions
- Low transaction fees
- Governance
- Unique Features:
- Scalable Ethereum solution
- Private transactions
- Low transaction fees
- Decentralized governance
Current Price (approximate):
- Price: $0.30
- Market Cap: $750 million
- 24h Volume: $10 million
Some potential benefits of ARB include:
1. Scalable Ethereum solution
2. Private transactions
3. Low transaction fees
4. Decentralized governance
ARB Risks:
1. Market volatility
2. Regulatory uncertainty
3. Smart contract risks
4. Adoption challenges
Other similar cryptocurrencies include:
1. Ethereum (ETH)
2. Polygon (MATIC)
3. Optimism (OP)
4. zkSync (ZKS)
Arbitrum's partnerships and integrations include:
1. Ethereum
2. Chainlink
3. various DeFi protocols
Arbitrum offers various products and services, including:
1. Arbitrum Scalable dApps
2. Arbitrum Private Transactions
3. Arbitrum Governance
4. Arbitrum Analytics
Would you like more information on ARB or its platform?
FTT is building up steam! đđ„
The FTT chart is showing signs of life with steady consolidation just above $1.30, looking like it's ready to make a move. The 25-day moving average is closing in on the price, and volume is starting to tick up slightly. This could indicate a potential breakout, especially with the resistance levels sitting around $1.40-$1.50. If the bulls take charge, we might see a run toward the $1.60 range. đ
But keep in mind, the market still seems undecided, with some sideways movement over the past few weeks. If buyers donât step in strongly enough, we could see a retrace back to $1.20. Overall, FTT seems to be in a calm before the storm, and the bulls could soon take control. Letâs see if this coin has what it takes to push higher! đȘ
Follow for more updates and donât forget to share your thoughts in the comments! đŹ
#FTTToken #CryptoBulls #FTTBreakout #CryptoTraders #CryptoForecast
SUI Price Gains 139% in 42 Days: Can It Reach $2.07?Â
Becoming one of the top-performing cryptos last week, the SUI price continued a bullish trend for two weeks. As the demand for altcoins grows and the broader market recovery chances improve with the rate cut possibilities, buyers are lining up for SUI.
Will a new breakout run and the price jump of 50% Fibonacci level result in a new all-time high for SUI this year? Letâs find out.Â
With a falling channel pattern in the daily chart, the SUI price is on a bullish recovery rally. Following the channel breakout, the SUI consolidated between the 23.60% and 50% Fibonacci level, ranging from $0.73 to $1.05.Â
With broader market crypto recovery last week, the SUI price reclaims the $1.00 psychological mark and surpasses the 50% Fibonacci level. Further, the SUI recovery creates a rounding bottom in the daily chart with a neckline at the 50% Fibonacci level.Â
Currently, the SUI price is trading at $1.1079 with an intraday gain of 2.73%. From its recent bottom at $0.46 on 5th August, the SUI price is up by 139% in just 42 days.Â
As the recovery rally gains momentum with the recent rounding bottom reversal, the channel breakout rally is likely to exceed the 61.80% Fibonacci level at $1.2371.Â
With three consecutive bullish candles and the breakout rally gaining momentum, the SUI price is just 49.20% away from its previous swing high at $2.1816. Based on the Fibonacci levels, the upcoming target levels for the SUI token are $1.55 and $2.07.Â
Optimistically, the logarithmic price chart and the Fibonacci levels present $4.8051 as an ideal year-end target. Hence, with a massive upside potential of more than 300% and an ongoing recovery crossing $1, the SUI token is one of the fastest altcoins to watch in the crypto market.
#NeiroOnBinance #BinanceLaunchpoolHMSTR #BinanceLaunchpoolCATI #GrayscaleXRPTrust #SUIđ„
$SUI
I never shared this chart, but interesting to look! ETH/BTC
Chart since 2017 . On a history you can check Key points and remember whats happened that times for main alts
- 2019 alts bottom, ride till end of cycle May 2021 (top was Shib Binance listing) over Exit line on W timeframe (time to sell alts)
- We can combine this chart with BTC dominance and DXY
- On left side you can see W times Buy signals based on Trade On, and money inflow, accumulation based on ADZ almost at same level now
- Step by step and fix profit with Sell signals and money outflow
- Now since Oct 2023 money step by step inflow in alts with ADZ bottom
- Test Buy line on W (this week) we can drop to middle of this range or even test fundamental value line (price marked)
- Step by step i think till April/May 2025 we will see signals to sell Alts again, money outflow and test take profit line (marked on a chart) but we cant know the timing, its just theory about timing!
Note for myself need add this chart to watchlist to track the time where out of alts =) $BTC $ETH
VTHO (VeThor Token) is the native cryptocurrency token of the VeChainThor blockchain network, a decentralized, open-source platform that focuses on supply chain management, smart contracts, and decentralized applications (dApps).$VTHO
Key details about VTHO include:
- Symbol: VTHO
- Blockchain: VeChainThor
- Consensus Algorithm: Proof of Authority (PoA)
- Total Supply: 45 billion VTHO tokens
- Circulating Supply: Approximately 30 billion VTHO tokens
- Use Cases:
- Supply chain management
- Smart contracts
- Decentralized applications (dApps)
- Governance
- Unique Features:
- Proof of Authority consensus
- High scalability
- Low latency
- Integrated governance
Current Price (approximate):
- Price: $0.005
- Market Cap: $150 million
- 24h Volume: $10 million
Some potential benefits of VTHO include:
1. High scalability
2. Low latency
3. Integrated governance
4. Supply chain management
VTHO Risks:
1. Market volatility
2. Regulatory uncertainty
3. Smart contract risks
4. Adoption challenges
Other similar cryptocurrencies include:
1. VeChain (VET)
2. Ethereum (ETH)
3. Binance Coin (BNB)
4. Cardano (ADA)
VeChainThor's partnerships and integrations include:
1. Walmart
2. LVMH
3. BMW
4. various supply chain companies
VeChainThor offers various products and services, including:
1. VeChainThor Blockchain
2. VeChainThor Smart Contracts
3. VeChainThor Governance
4. VeChainThor Developer Tools
Would you like more information on VTHO or its platform?
$NEIRO $NEIRO
{spot}(NEIROUSDT)
A whale alert for $NEIRO ! đł Someone just spent $1.49 million to buy 4.671 billion NEIRO tokens. This wallet, 0xa43, made the purchase just hours ago.
Interestingly, NEIROâs price had already jumped 593% after Binance announced its listing. đ€Ż So, was this whale driven by FOMO (fear of missing out)? đ”âđ« Or do they know something we don't? đ€
Either way, it's a bold move. But thatâs what makes crypto trading so thrilling! đą Always do your own research (DYOR)! #Memecoins. #Neirođ„ #Write2Earn! #writetowin #NEIROETH