Adrian's DeFi Alpha #3: AI Craze | BTC ETF Trading Volume | L1 Airdrop Opportunities
Definitely no financial advice, just insights based on my own journey in DeFi.
Hello there Friend,
busy with work and personal projects? Let me help. I’ve been navigating the DeFi space since 2020, and I love sharing what I learn.
These are the advantages you will get in each newsletter:
The key developments in Crypto.
3 practical insights to act on.
All packaged in a 5-minute read. No sponsored content, no trading chaos. Just insights based on my own journey in DeFi.
Let’s make the most of your time!
Key Developments
Shedding light on the recent significant developments within Crypto.
This week has been nothing short of a rollercoaster, with significant price actions, groundbreaking ETF volumes, and AI coins making a strong comeback.
BTC Price Action: A Swift Ascent:
In an almost breathtaking momentum, Bitcoin ($BTC) surged from $51k to nearly $64k in just three days, riding the wave of remarkably strong ETF inflows amounting to between $500M and $700M daily during this period. Given the current market dynamics, entering now poses its risks, given the absence of a significant correction.
The Rise of Bitcoin ETFs: A Game Changer
This week, the Bitcoin ETF market has not just grown; it has exploded with volumes that speak volumes themselves. A staggering $3.5B in trades was recorded on Friday alone, with BlackRock's $IBIT contributing $1.2B to this total. This surge hints at a paradigm shift, with Wall Street's gaze firmly on Bitcoin, potentially normalizing $10B trading days. The pivotal question remains: will this trend sustain, and can we anticipate even higher inflows in the weeks to come?
AI Coin Outperformance: Defying Expectations
Despite a temporary setback when funds flowed into DeFi, AI coins have bounced back with a lot of strength. This resurgence underlines the sector's robustness and appeal. Here’s a snapshot of the best performers:
$AR: Pumped by 99% following the announcement of "ao, the hyper-parallel computer."
$ARKM: Climbed by 57%, backed by high-profile investors like Peter Thiel and Sam Altman.
$FET: Gained 61%, establishing itself as a leader in the AI narrative on centralized exchanges.
$AIX: Rose by 36%, a hidden gem in the AI chatbot and analytics space.
$0X0: Increased by 35%, showing growth since its 2023 launch.
$TAO: Advanced by 12%, now venturing into price discovery territory once again.Coingecko: Top Artificial Intelligence (AI) Coins by Market Cap
→ My favorite AI coins are : $RNDR, $OLAS, $PAAL and $TAO because I like to invest in the leaders, instead of having to pick the “best” coin.
AI & DeFi Alpha
Some ideas where to find Alpha.
NMT: A Convincing Case for Investment
$NMT presents a compelling investment opportunity, underpinned by a robust academic foundation and technological innovation. Here's why it stands out:
Founded by Tsinghua University alumni, recognized for leading CS programs.
Winner of the UK Business Tech Awards, showing its innovative edge.
Partnerships with premier institutions like Cambridge and Oxford underscore its credibility.
Collaborations with AI pioneers, including OpenAI's @_jasonwei, through NetmindAi, signal its commitment to cutting-edge AI development.
Its flagship product, Netmind Power, exemplifies innovation with a decentralized AI platform powered by a global GPU network.
LAI: The Under-the-Radar AI Investment
LayerAI ($LAI) offers investment proposition in the AI domain, characterized by innovative technology and a unique focus on AI data. Despite raising $11 million, its market valuation stands at a mere $13 million, hinting at undervaluation. Its strategic focus on data capsules and the promise of a Zero-Knowledge Layer 2 protocol positions it as a potential market disruptor.
Aptos Ecosystem: On the Cusp of a Breakthrough
Last but not least, $APT's recent price movement from $10 to $12 signifies growing investor interest in the last major Layer 1 not to have experienced a significant pump in recent months. This development suggests a bullish outlook, with expectations of further upward movement. Aptos has another 50% of its treasury for potential Airdrops, a valuable target.
Aptos Alpha - DeFi Guide
A step-by-step walkthrough on how to generate yield and Airdrops using Aptos, an alternative Layer 1.
First of all fund your wallet.
I suggest Pontem Wallet
Bridging:
Utilize these bridges to transfer funds to Aptos.
LayerZero powered: https://theaptosbridge.com
Mint an Aptos Name.
You can do so from here: https://aptosnames.com
Staking and governance on Aptos:
You can stake your $APT here: https://explorer.aptoslabs.com/validators/delegation?network=mainnet… [Minimum 11 tokens]
And vote on governance proposals here: https://governance.aptosfoundation.org
Defi on Aptos:
Try out the Defi-based Dapps on Aptos.
Generate some volume.
Add liquidity.
You can get all of the official links from this section: https://aptosfoundation.org/ecosystem/projects/defi…
NFTs on Aptos:
You can buy, sell, and mint NFTs on these Aptos-based NFT marketplaces:
Topaz: https://topaz.so
Mercato: https://mercato.xyz
Wapal: https://wapal.io
Collecting Badges on the Aptos Forum:
Engage, help, and create content on the forum to earn badges.
You can check here: https://forum.aptosfoundation.org/badges
Find my whole Airdrop Guide here:
I added different difficulties, so beginners just start with green and advanced farmers with yellow.
I have free and cost intensive Airdrop farms in store, basically something for every type of farmer. Happy if it helps!
Wrap Up
This week’s takeaways are clear:
Bitcoin's swift ascent highlights both opportunities and risks in the current market.
The explosion in Bitcoin ETF volumes could redefine investment strategies.
AI coins have demonstrated resilience and growth potential, meriting close attention.
NMT and LAI emerge as standout investment opportunities with substantial upside.
Whenever you’re ready, there are 2 ways I can help you:
Do you want to get the fastest DeFi and Airdrop Alpha then join my Community
Ready for an in-depth consulting session tailored to your needs, including market research and portfolio analysis? Secure your spot for a free 15 min introductory call here.
Meme of the week
(because a dash of humor always adds a fresh perspective!)
Until next time!
- Adrian