Adrian's DeFi Alpha #4: The best DePin picks | Airdrops $AEVO $W | Alt L1 Opportunities
Definitely no financial advice, just insights based on my own journey in DeFi.
Hello there, Friend,
Feeling swamped between work and personal projects? No worries, I've got your back. Being in DeFi since the early days has armed me with insights I can't wait to share with you.
Here's the value you'll unwrap in this newsletter:
A spotlight on $BTC and the market's pulse.
3 Alpha insights to steer your next move.
All in a concise, 5-minute digest. No ads, no fluff. Pure insights from my firsthand DeFi exploration.
Let's dive in!
Market Pulse
Casting light on the dramatic swings and strategic plays in Crypto.
This week was a thriller with $BTC testing new thresholds and AI & DePin coins outperforming once again. Here's the rundown:
$BTC's Wild Ride:
$BTC's journey from $62k to $69k in a single day was a spectacle, piercing through its previous all-time high only to face a harsh rejection. This led to a 15% drop to $59k, pulling some altcoins down by up to 30%. Yet, the dip was short-lived, with $BTC rebounding to $67k the next day. High leverage is a dangerous game; surviving without getting liquidated is key. Currently, as $BTC is safely above $70k mark again, the aim is a breakout to $75k or $80k.
ETH's Quiet Before the Storm:
Despite the anticipation around the Dencun upgrade (EIP-4844) on March 13th, ETH and its companions had a weaker performance than $BTC, with $MANTA and $STRK stealing the spotlight. The question of an $ETH ETF in May might decide how $ETH will perform in this bull market.
AI Coins & DePin Dominance:
AI coins, with Nvidia's GTC 24 conference on the 18th of March on the horizon, continue to defy expectations. Top performers such as $GPT/$LAI and $PAAL have experienced big gains, showing the strong interest in AI-related assets. At the same time, $NEAR stands out as a unique AI-related L1, increasing its attractiveness.
On a dip I am buying:
PAAL
AIOZ
ATOR
Passive Income with Decentralized Physical Infrastructure (DePIN) Gems
Here's where to look at:
Top Tip: io.net DePin & Airdrop Opportunity:
ionet provides a decentralized network for cost-efficient access to distributed cloud clusters for AI projects, utilizing IO coin for ecosystem transactions, rewarding GPU providers, and enabling model tokenization and governance.
Nosana:
Nosana turns GPU lending into a win-win for AI developers and GPU owners. Stake $NOS for daily rewards without owning a GPU. A neat way to earn passively with a project that bridges AI needs with blockchain solutions.
Grass:
Leverage your idle internet with Grass and earn by contributing to AI model training. With 800k global users, it's a passive income avenue with a community-driven twist. Keep an eye out for their upcoming token launch.
Helium:
The Helium network is a decentralized wireless network that enables devices anywhere in the world to wirelessly connect to the Internet and geolocate themselves without the need for power-hungry satellite location hardware or expensive cellular plans.
You can deploy a Helium hotspot to earn some bucks monthly. Just visit their website and purchase one of the hotspot miners, set it up, and start earning.
Interesting Degen gambles to buy on a dip:
Node AI is a decentralized platform designed to facilitate access to GPU and AI resources.
As a Decentralized physical infrastructure networks provider, OpSec utilizes the most advanced AI technology to build, maintain, and operate blockchain infrastructure that ensures the security and privacy of blockchain applications.
Airdrops & Launch Highlights
This week we might see more huge airdrops. These are the opportunities:
Entangle Finance $ NGL launches:
Entangle presents a comprehensive data and infrastructure solution aimed at enhancing omnichain interactions. Claim if you participated in the sale or buy / sell on one of these CEXes (KuCoin, Bybit, MEXC).
$AEVO Airdrop is here!
Switch the Network to Ethereum and claim your allocation if you traded on the Perp DEX.
$W (Wormhole) Airdrop:
Wormhole's airdrop announcement has the community on alert. While claims aren't open yet, early eligibility checks hint at significant potential value. Bridge coins like $SYN and $ACX are rallying, signaling an undervalued segment poised for growth.
You can check your eligibility here
Etherfi on Binance Launchpool:
Etherfi's debut on Binance Launchpool is one of the first Liquid Restaking Protocols to drop a token. With EigenLayer's rising prominence, ether.fi is the first LRT protocol that might have at an upcoming airdrop.
They are still offering incentives for depositing in the protocol.
Bybit Launchpool Nibi
Bybit Launchpool where you can Earn $NIBI, the coin of a new Layer 1 blockchain with a lot of hype on social media. Typically I received 50-150% APR on these launchpools on Bybit in the past. If there is idle capital on the CEX, this is a good opportunity.
Gaming-focused 8 week campaign boosting 24 games on Arbitrum.
Good opportunity to farm some gaming Airdrops.
Alt L1s: Rising Stars
Alt L1s are not to be overlooked, with $NEAR and $SOL leading the charge:
$NEAR's AI Edge:
As the sole major L1 with an AI advantage, $NEAR's position is very good, offering a unique investment angle in the AI frenzy and data availability as well.
$SOL's Strategic Moves:
With Pantera's interest and recent gains, Solana is showcasing resilience and potential. Its ecosystem and particularly Jupiter DEX and Neon are pumping.
My take on Pantera x SOL:
Wrap Up
This week's insights offer a clear path:
$BTC's volatility underscores the high stakes and opportunities in the current market. The looming ETH upgrade and potential ETF developments could shift investment strategies.
AI coins continue their ascent, with DePIN projects offering novel passive income avenues. Buying the dip is an easy decision for me.
When you're ready to dive deeper, here's how I can help:
Join my Community for the fastest DeFi and Airdrop Alpha.
Book a free 15 min intro call here for personalized consulting, market research, and portfolio analysis.
Meme of the week
A little humor goes a long way in the fast-paced world of Crypto!
Till next time, stay safe!
Adrian