There are no hot spots, no trends, and no stories in the cryptocurrency circle recently.
There are fewer and fewer community discussions, on-chain gas fees are getting lower and lower, and transaction frequencies are getting lower and lower. How can we continue to play in the crypto market?
There is a consensus that the market is not good. Although the BTC price is not low, the market sentiment is very bearish, there is no liquidity, and there are no new players.
After more than three years in the Chuxiao Chain circle, this is the first time I feel that the market is so deserted. There are no hot spots on the chain, and there are no stories of getting rich among group members. They are all waiting silently or quietly leaving.
These two days I saw a self-narration of a Mao Mao player on Twitter.
She started to do interaction from galxe girl, and has been deeply involved in the airdrop track for more than 3 years, spending more than 5 hours a day on average, and the cumulative interaction time is more than 5,000 hours. The average daily salary is about two to three times her actual monthly salary.
She believes that there will still be opportunities for airdrops in the next 10 years, and she will not resign or quit the circle and will continue to do interactions.
A player did the calculation for her. Based on a monthly salary of 10,000, and a multiple of twice, the daily salary is 20,000, and the annual salary is 7.3 million. After three years, it is 21.9 million! The airdrop income in 3 years exceeds 3 million US dollars, which is amazing!
It may be exaggerated or too idealistic, but there are only a very small number of people who can persist in interaction and continue to invest time and money.
Airdrops have great uncertainty, but there are indeed opportunities to get rich quickly, especially in 2022 and 2023, the bumper years for airdrops. Many projects have lucrative airdrop returns, such as APT, ARB, OP, STRK and ZK.
The Arbitrum airdrop earns over 600 U.S. dollars for a minimum-guarantee account, and more than 2,000 U.S. dollars for an account that interacts seriously. If there are 100 accounts, the profit is 200,000 U.S. dollars. The Starknet airdrop earns over 1,200 U.S. dollars for a minimum-guarantee account, and more than 120,000 U.S. dollars if there are 100 accounts.
Individual players operate a small number of accounts to interact and receive a small amount of airdrops. There are also many large-scale studios with rich interaction methods, which work in batches with hundreds or thousands of accounts, focusing on high-financing and high-heat projects. It is not uncommon for them to earn tens or millions of dollars from a single airdrop.
Some users became rich from the airdrop!
As 2024 began, airdrops suddenly lost their popularity, the returns from airdrops became lower and lower, there were more and more cases of losses, and fewer and fewer people persisted.
For example, last month, TON ecosystem MEME project dogs airdropped, and each ordinary account received about $20. Some group members created 1,000 accounts and only received $20,000, which is a far cry from the previous airdrop income.
Some people believe that the era of getting rich through airdrops is over, and it will be difficult for airdrops to make people rich overnight in the future, but there is still a chance for on-chain exploration. After all, every project hopes to retain early users, on-chain interactions will definitely leave traces, and on-chain exploration will definitely have unexpected gains.
Interaction may bring little benefit, or even lose the gas fee invested, and airdrop has great uncertainty; but no interaction will definitely bring nothing, and there will be no trace on the chain, so how to airdrop?
It is rare to see people getting rich overnight in the primary market. You won’t see profits increasing 10 times or 100 times overnight. No group members got rich overnight and then left the group, but some group members couldn’t hold on any longer and left.
The crypto market is cyclical. There are bull markets with skyrocketing prices and bear markets with lows and no one paying attention. Only by staying in the market can you see future opportunities.
Up or down, or sideways, there are only three directions, making money or losing money, there are only two results. Only by being a long-term player can you participate in the infinite game.
Of course, new hot spots may have been quietly brewing, and there are definitely a small number of people participating. Some gameplays have successfully gone viral, while others are quietly incubating, waiting to break out of the circle.
Web3 continues to develop. Apart from the short-lived craze, there is more silent accumulation. Let us wait together for the next cryptocurrency carnival.
The above is just my personal opinion, not investment advice. I am Chuxiaolian, and I am paying attention to the crypto market and web3.
