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Speculating

Analysis

Farming and speculating on airdrops and memecoins.

Sniping Memecoins​

Strategy Checklist:

  1. Monitor social media:
    • Track crypto-related hashtags on Twitter, Reddit, and TikTok.
    • Use sentiment analysis tools to gauge overall market mood.
  2. Stay informed on crypto news:
    • Follow reputable crypto news sources.
    • Join crypto-focused Telegram groups and Discord servers.
  3. Analyze on-chain data:
    • Use blockchain explorers to track large transactions.
    • Monitor exchange inflows and outflows.
  4. Develop a meme-aware trading plan:
    • Set clear entry and exit points.
    • Use stop-loss orders to manage risk in volatile meme-driven markets.
  5. Practice proper risk management:
    • Never invest more than you can afford to lose.
    • Diversify your portfolio to mitigate meme-related risks.
  6. Stay objective:
    • Don't let FOMO (Fear of Missing Out) drive your decisions.
    • Conduct thorough research before investing in meme coins.
  7. Use technical analysis in conjunction with memetic insights:
    • Combine chart patterns with social sentiment indicators.
    • Look for divergences between price action and meme popularity.
  8. Keep a trading journal:
    • Document your trades and the memes/flows that influenced them.
    • Regularly review and refine your strategy.
  9. Utilize crypto-specific tools:
    • Explore platforms like CryptoQuant for flow analysis[3].
    • Use meme coin trackers to stay updated on trending tokens.
  10. Educate yourself continuously:
    • Stay updated on new meme trends and their potential impact.
    • Learn about different types of market flows and their significance.

By incorporating this checklist into your trading strategy, you can better navigate the complex interplay between memetics, flows, and crypto prices. Remember, while memes and flows can provide valuable insights, they should be used in conjunction with fundamental and technical analysis for a comprehensive trading approach.

Sniping Meme

Research​

Go to @dexscreener and open the New Pairs tab.

  • After that, you need to find 2-3 coins with fun and interesting ideas. Also, filter coins for large purchases.
  • Copy the wallets of the top traders in the "Top Traders" tab.

Next, you need to go to the @alphatracexyz website and paste the wallets you've chosen.

  • The wallet should have a 60-70%+ win rate and $500-600k+ in PNL.
  • Select coins for sniping.

Cannot rely on the wallet of some sniper or whale; do your own research.

  • Visit the project's X page.
  • Check which influencers are following it using @Twitter_score.

If the project has many influencers and not a single post, you've found a gem.

Validate​

  • Go to http://rugcheck.xyz
  • Enter the coins you've chosen
  • Make sure that purchasing these memecoins is safe

You need to check:

  • Whether liquidity is burned or locked
  • The percentage of coin holders

Buy​

Buy as quickly as possible after all checks, so you need to use sniper bots such as:

  • @bonkbot_io
  • @SolTradingBot
  • @TeamUnibot

Sniper Bots​

Guide

  • Open the bot in your TG
  • Click on Start
  • Copy the wallet address created by the bot and fund it in a way that's convenient for you
  • Click on Buy
  • Enter the CA of the memecoins
  • Purchase the coin for any amount

Airdrop Farming​

A terribly expensive and ineffective way to run customer acquisition dominated by bots.

Airdrops are FREE crypto tokens given away to accounts that have been active on a service as reward for patronage.

Airdrops are used as a marketing strategy to solve the cold start problem that involves sending coins or tokens to wallet addresses in order to promote awareness of a new virtual currency.

Strategy​

How much time, attention and commitment is required to gain benefits?

What is the best learning path from simple to complex? Lowest risk/gains to higher risk/gains?

  1. Avoid scams
  2. Identify Protocols
  3. Risk Strategy
  4. Time Commitment
  5. Cost of Activity
  6. Tax Implications?

Tactics​

Divide and conquer. Form teams to to research and work together to identify and participate in airdrops.

The greatest rewards will be greater awareness of opportunities to grow and teamwork to provide leverage in taking opportunities when the arise through better communication.

Mantra

Progress begins with awareness

Opportunities​

Liquid Restaking (LRT)​

Liquid restaking is a process that allows users to stake their assets in a way that they can still be used for other purposes, such as earning additional rewards or participating in other protocols. This concept is particularly relevant in the Ethereum ecosystem, where it builds on the success of liquid staking platforms like Lido.

EigenLayer is a restaking protocol that has seen significant growth, with its Total Value Locked (TVL) increasing from $1.3 billion to $15 billion since the start of 2024. The protocol allows users to restake their assets to earn additional rewards. For example, a deposit of $20,000 (~6.6 ETH) into EigenLayer from the current date to the end of September would yield an airdrop value of $1,098 at an Annual Percentage Yield (APY) of approximately 15%.

Renzo is another protocol that builds on the restaking meta, offering strategies that potentially yield higher returns than EigenLayer. The article suggests that Pendle YT strategies on Renzo could provide more substantial gains, although specific figures are not provided in the excerpt[1].

EtherFi is also part of the restaking ecosystem, providing services that simplify the restaking process for users. Like Renzo, EtherFi is built on top of EigenLayer and aims to offer competitive returns through its airdrop campaigns.

Actions​

  1. Investment Strategy: Investors should consider the potential returns from different restaking protocols. While EigenLayer offers a solid APY of around 15%, other protocols like Renzo and EtherFi might provide higher returns through more complex strategies.
  2. Airdrop Participation: Participating in airdrop campaigns can be a lucrative way to earn additional rewards. The article highlights the importance of understanding the specific terms and conditions of each protocol's airdrop campaign to maximize returns.
  3. Market Trends: The rapid growth in TVL for protocols like EigenLayer indicates a strong market interest in liquid restaking solutions. Investors should stay informed about new developments and emerging protocols in this space to capitalize on potential opportunities.
  4. Risk Management: While the potential returns are attractive, investors should also be aware of the risks associated with restaking and airdrop farming. Diversifying investments across multiple protocols can help mitigate some of these risks.

What is the most important question you could ask yourself to make progress?