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- 👀 3 things you can't miss this week
GM everyone. This is 2036. We scroll for gems all day so you don’t have to.
Crypto corrects overnight, an easy way to make $5K, and a new small-cap gem I’m putting on my radar.
Here’s a run-down of the actionable things I’m paying attention to this week 🍲…
Let’s dig in.
1/ Crypto had a small correction overnight 📉
Yesterday, someone sold $1.5 billion of bitcoin on the market.
As a result, the price dipped slightly, and some traders who took on leverage to bet bitcoin would go up were liquidated. That led to more forced selling.
This is normal and good because:
It’s healthy for the market to flush out the excess leverage occasionally
It shows the market can easily absorb $1.5 billion of selling pressure
Your favorite coins are on sale (though some of them have already fully recovered)
We can now resume our march upwards
Last week, I said it wasn’t too late to buy bitcoin but that the ride up would not be a straight line.
Remember - the market regularly corrects 10-30% on its way to new highs.
So don’t panic. Bitcoin typically drags the entire market with it.
With a bit of luck, this correction will be over before the end of the week.
2/ Solana airdrops are all the rage 🪂
In August, I wrote about Jito, a protocol to stake (earn yield) with Solana.
And last week, Jito airdropped their tokens to thousands of users.
With just a couple hundred dollars staked, you could get an airdrop worth over $5,000.
And if you held your airdropped tokens for two days, that airdrop was worth $15,000.
I’ve said time and time again that airdrops are one of the most lucrative side hustles in crypto.
So if you took action this summer, congratulations.
After the Jito airdrop, all eyes are on Solana. I bet this is just the beginning of a long and lucrative airdrop season.
I’ll be covering more Solana airdrops soon. In the meantime, if you’re eager to get started, here are a couple of good places to start looking: here, here, here and here.
Stay tuned…👀
3/ A small cap gem I’m putting on my radar 💎
There’s another airdrop I’m paying attention to….
ETHxy is a crypto MMORPG that uses a poker-style combat experience and is playable directly inside Telegram.
They’ve raised a pre-seed round from a16z and other famous names in the space.
This is a high-risk opportunity, so don’t bet the farm on this.
ETHxy is currently running a new airdrop season. The last one - in November - paid out $1M in tokens to players.
ETHxy is a bet on frictionless consumer experiences inside familiar apps that don’t require a deep understanding of crypto.
You can read all the details here, qualify for the airdrop here, and try it out for yourself here. They also have a token - $SEXY.
Not financial advice.
