In the cryptocurrency market, a new strategy is emerging, promising important gains for astute investors. A renowned analyst recently shared a comprehensive guide for staking a select group of altcoins, potentially unlocking over 100 airdrops.
While this strategy is relatively untested, its potential makes it a compelling subject for investors to research and understand its practicality and prospective benefits.
Altcoins Promising Airdrops
An influential X (formerly Twitter) user, Rekt Fencer, aims to benefit from several blockchain ecosystems that promise to yield over “100 airdrops worth more than $1 million this year.” For the Celestia ecosystem, Fencer advised staking TIA through the Keplr Wallet and on MilkyWay, with a minimum stake of 2 TIA. This strategy is designed to leverage Celestia’s network growth.
“TIA Airdrops are currently generating a lot of attention. As of now, there have been 4 confirmed airdrops: Dymension (DYM), MilkyWay (MILK), Movement (MOV), and Doki (DOKI),” Fencer affirmed.
On the other hand, in the Injective ecosystem, the strategy involves staking INJ via Keplr Wallet. Fencer also recommended delegating to Black Panther and Talis Protocol, and engaging with projects like Helix and Hydro Protocol. This approach aims to capitalize on Injective’s robust trading platforms and diverse offerings.
“Injective is up 1,600% and crushing it this year, outperforming SOL, BNB, and ATOM. But when you see the ecosystem, it feels so early, and the majority of projects are still in Testnet. This is the perfect time for projects to issue their token and potentially do airdrops,” another X user, Pepesso, said.
Read more: Best Upcoming Airdrops in January 2024
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Author: Bary Rahma
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