So far, my best gains in what I'll call the NFTAltseason run haven't been in NFTs. That makes sense, because I've never been a person who understands the ebbs and flows of popular culture. This may seem retarded to you, but I just don't have the personality type to make a timely buy and sell on a Logan Paul NFT. My personality, not my trading skill set, would cause me to lose in that scenario.
I tried trading a few pump and dump NFTs this cycle. Lost some money. Realized this wasn't for me and went looking for greener pastures. Found em. So for anyone who shares any of my borderline personality disorders, this is what I'm seeing from the market outside of the mainstream NFT craze.
Expansion of Trading Options on ETH
So we have the basics of being able to buy and sell crypto in a decentralized way — ideally — (don't get me started on the real decentralization of some of these platforms). People are now actively looking for ways to anonymously lose their money faster, lol. Perpetuals (PERP), leveraged/margin trading (UMX), tokenizing securities (DEUS), and leveraged yield farming (ALPHA) got boosts. These kinds of protocols require more sophisticated liquidity pools, so you also see the sustainability and rise of protocols like SOAR — things that allow for more agile liquidity shared between protocols to facilitate leverage.
If you're holding one of these and they take a dip, I'd buy more. Case in point: The UMX guy was honestly in over his head. Withdrawing staking rewards was down for some time, the website ran slow — but people stayed in because of the potential they saw in the idea of defi margin trading. Another example — I fuckin hate hate hate the DEUS guy. He shuts down his fuckin reward pools every other week because he's also in over his head coding. But the notion of being able to trade Tesla against Cardano is too juicy for people to move. He also provided a way for people to get in on the COINBASE pre-IPO, which even I have to admit was a stellar idea. You can invest in Bakkt through DEUS as well. Just yield farming on that shit...stay away.
Point being the idea of more robust trading on ETH is the cutting edge idea now. Get in on that, and you will find massive profits this altcoin run, all else being equal.
As an aside, Wowswap is offering leveraged swapping on BSC. I'm in on that, because it's a great idea. Why keep the folks on BSC from gambling their gains away?
The Promise of Building Defi on Other Chains
I told blog readers about Fire Protocol (FIRE) a few weeks back, which is defi on Huobi chain. That holding just paid off for me (200% gain today). But the market cap is still only $12M. They have a long way to go. The secret here is to focus on chains that have a niche. Huobi is focused on the South Korean market. Government shenanigans aside, that's a no-brainer to me. SK is a leader in the defi innovation space, and their population is one of the most hungry for new ways to connect. The thing is, you'll never hear about these kinds of projects outside of the jurisdiction if you're not looking for them. Or you may see them and think they're not a big deal because the folks in your digital social circle aren't going crazy, because they're not located in South Korea.
Point is, look for these more localized defi solutions and you'll come out on top. Another investment along the same lines is Wanchain (WAN). I'm not keeping this holding for long, because they boast about having an office physically located in the US. That to me is the death knell for any kind of decentralized anything. But they are a good short term play because they offer low-gas alternative defi. Yield farming on Zilliqa (ZIL) is also a good idea, I think. They don't have shit in terms of apps aside from Unstoppable Domains for now. That could change or not, but the hype is enough to drive sustainability for this altcoin cycle. With yield farms, all you need is a bit of sustainability to grab some great gains.
Layer 2 as well, I think will continue its march. Polygon (MATIC) and ZKSwap (ZKS) I think have a bit more to go.
Gaming
We're still in the "potential" stage of stuff that actually has some mainstream utility. But games are leading the way for pleb adoption. I told you about Exeedme (XED), which was a tip I got from That Martini Guy. Another one nobody talks about that has gone crazy for me is Chain Games (CHAIN). Who knows why — nobody uses this shit yet. But those two platforms have taken the correct talking points, so people have the most confidence in their future success.
Also, the actual games on crypto are doing quite well for me. Axie Infinity (AXS, SLP) and Decentraland (MANA). One of those games I play, the other I don't. I actually don't recommend buying the governance or utility tokens of games you don't play. I had another of those that just didn't work out, and I couldn't figure out why. Well, I couldn't figure out why because I wasn't playing the damn game! I actually think Axie is FUN. So repetitive, but I can't get enough! That's the hallmark of a winner. The big gainer has been my land buy — multiple Xs in the marketplace. Just like in real life, digital land is scarce. Get you some in a game with rising adoption.
No matter what, guaranteed you do much better in niches that you actually enjoy. There's a reason I lost money in NFTs — because I'm not in the art world. It's the same reason I do well investing in trading apps and games — because I've been trading for a decade and gaming for 2! I can spot bullshit a mile away, and the process is automatic.
No matter what the market is telling you is the hot thing, ask yourself what you're actually good at. That's how you get gains. I can't tell you the feeling of being able to make money without having to participate in the proliferation of dumb bullshit like Mark Cuban and Gary V NFTs. I don't have to give the US money for war or my soul to some sorry corporation or my ETH to Logan Paul to make money. You have a unique opportunity to shape the world in your image right now. Invest in the projects that are a reflection of you!
BIG ALPHA TIP: As always, your REAL supergainer is going to be that gem you dig up from your own research — the one that hasn't pumped yet. I have a couple of projects in my portfolio that no one knows about, but I'm expecting a huge pump. Why don't I tell anyone? Because it's too big a risk if it doesn't pump! But what I can say is this. Let the projects above be your starting point. Find that project's little brother. Make sure it passes due diligence, and invest in that.
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AlucardCrypto Telegram JoinUp Link ---> https://t.me/joinchat/PLIHXADNvqNlMTg1
YOUR GUIDE TO MAKING MONEY IN CRYPTO STARTS HERE ---> Making Money in Crypto Part 1
Gems I'm investing in:
NFTs - Doki Doki
