💥 This L1 Could be About to EXPLODE!
PLUS: This Could be the NEXT Narrative!
📰 Is Fantom (FTM) Still A Thing?
💎 Layer-1s (L1s) Time to Shine?
💥 Tesla Buying More Bitcoin?
🚀 Near Wallet on Telegram: Mine HOT for an Airdrop!
📢 WIF's Surging Market Cap, Wormhole's Volume Spike, and Binance's New Betting Feature
💭 It’s About to Get Bumpy!
Good Morning Degens,
There's a lot currently going on in the markets. And tokens are pumping left right and center.
We have reason to believe that it might be time for the Layer-1s (L1s) to pump next. We'll have a look at that today.
And there is something special brewing on Fantom (FTM)…
Let's dive in!
🌍 Market Catch-Up
Top 100 coins Daily Performance - Banter Bubbles
📰 Question of the Day
Is Fantom (FTM) Still A Thing?
We might need more exposure to Fantom!
Fantom was a big player in the last bull run, for those that don't know.
It is built by one of the greatest minds in blockchain, a developer called Andre Cronje.
Fantom is its own blockchain, which is popular for being fast and low-cost. Last bull run, when Ethereum was still super expensive to use (even more than now), Fantom came into the spotlight as a chain that could takeover. On of the so many “Ethereum Killers!”
Fast forward to today and there are many projects that have built on Fantom. Below are the top projects on Fantom according to the chain’s website.
In the background, over the last few years, Fantom and Andre have been building Fantom Sonic.
But what is it and why does it matter?
TLDR: Sonic is Fantom 2.0 and will replace Opera, which is Fantom’s current mainnet.
Fantom Sonic:
Is the name of the new Fantom technology stack or simply the next iteration of the Fantom Network.
No hard fork required for the upgrade.
Existing smart contracts, services and tools on Fantom Opera should be fully compatible.
It has 3 main components:
Fantom virtual Machine (FVM).
Carmen, a new database storage.
Optimized Lachesis consensus mechanism.
Fantom Sonic is in its testnet phase and will replace Fantom Opera as the mainnet in Spring 2024.
No matter how this plays out, it will likely be very bullish for Fantom (FTM) as a chain overall. I personally am going to look for an opportunity to get some on the cheap.
DYOR.
Here is a video with all you need to know about the future of Fantom.
💎 Degens’ Den
Layer-1s (L1s) Time to Shine?
A lot of the L1 blockchains are starting to show strength.
Soon, we could see a lot of them start playing catch up to the bull market.
Specifically:
Polkadot (DOT)
Solana (SOL)
Fantom (FTM) and
Near (NEAR)
Let’s take a closer look.
Fantom (FTM)
We already talked about this one in-depth further up, so there's nothing else to say, except for the fact that its chart seems to be breaking out!
Near (NEAR)
Next up is Near.
I am bullish on it. It’s up 24% in the last 24 hours.
Ran spoke about it in his show yesterday.
And Illia Polusukhin, Near’s co-founder, will be speaking at the upcoming Nvidia conference. Near will gain a lot of exposure this way.
Hype is building up fast for!
And here’s its chart, which is also breaking out.
Speaking of Near, I have been busy mining on the Near Telegram Wallet.
It's free to do, and you accumulate a token called HOT.
I'll talk about it in the trade of the day section below. It could provide a nice airdrop!
Aptos (APT)
Aptos is also looking good and has a few things currently going for it.
Its chart has already broken out!
Polkadot (DOT)
Polkadot has a major refurbishment coming up known as “Polkadot 2.0”!
Polkadot will be focusing on efficiency and accessibility. It's transitioning from Parachain auctions to Core rentals, allowing projects to only pay for the block space they use, reducing wasted space and lowering entry barriers. The change includes burning DOT tokens to purchase block space which will in turn make DOT deflationary.
Polkadot will also boost transaction speed with Asynchronous Backing, cutting block time to 6 seconds.
Lastly, an airdrop of memecoin DED is coming up.
Bullish!
💥 Best Alpha Posts of the Day
Tesla Buying More Bitcoin?
Arkham Intelligence tracks wallets on-chain.
And it seems they have found Tesla’s wallet. If this is accurate it appears Tesla has been buying more Bitcoin.
Those that were not here in the last bull market might not know this: Elon Musk and Tesla purchasing Bitcoin pretty much gave the bull market the extra fuel it needed to reach the stratosphere!
Could this time be the same?
Avalanche (AVAX) Bullish View
As if the above L1 narrative wasn’t enough.
Things could kick off soon for Avalanche too!
The L1 narrative is in full swing!
Upcoming Solana (SOL) Airdrops!
We have talked about some of these before, but those who seek out airdrop opportunities will likely be paying attention to the below projects that have not yet dropped tokens on their users.
As always, DYOR!
🚀 Trade of the Day
Near Wallet on Telegram
I've mentioned this in the past, but since Near is gaining traction I thought that I would speak of it again…
I have been mining a token called HOT within the Near wallet on Telegram.
It's really simple and easy to do, and it could result in an airdrop.
Overview directly from inside the wallet:
👋 NEAR Wallet is the next generation Telegram wallet. Create account to use crypto and earn HOT.
🔐Is it a real wallet?
Absolutely! Creating an account means you're setting up an account on the NEAR blockchain. It's fully functional, allowing you to store, send tokens, or export your account to any other wallet.
🔥What's HOT?
HOT is the centerpiece for the Telegram Near wallet with a fair launch. Just create an account to start mining HOT.
Using the Wallet
Using the app is pretty straightforward, and takes hardly any time.
The first step is to go here and set up your wallet within Telegram.
Making sure you keep your seed phrase in a safe place is one of the most crucial things when it comes to creating new wallets, whether it's through this app or through some other one. The app will warn you about this when you are setting up your wallet.
Once set up, you let your storage fill up.
Once it's full (or even before) you can claim the HOT. Each claim is a transaction on the Near blockchain.
The best strategy to maximise HOT accumulation is to use the mined HOT to get all the boosts available within the app as early as possible These will allow the HOT to accumulate faster and allow for claim less often.
You can see the available boosts below.
Storage and Fireplace upgrades are paid with the HOT you earn.
However, when it comes to upgrading the wood, that's where things change a little bit. You complete the missions listed in the wood section to upgrade it - giving you a mining multiplier.
Using the app doesn't require any capital. However, to upgrade the wood, users need to deposit NEAR into their wallet (to complete the deposit 0.5 NEAR mission) and then convert it to USDT (to complete the deposit 1 USDT mission).
Sure, completing these two tasks incurs a low cost but could pay off in the long term.
That’s about it. Rinse and repeat. Potentially get an airdrop from (barely) anything!
P.S. As mentioned, every HOT claim is a transaction on the Near blockchain. You get a certain amount of gassless (free) claims. After that they are still free for those that don’t want to deposit NEAR into the wallet, but the app takes a 30% cut from your HOT mining. However, if you have NEAR in the wallet, each claim is roughly 2 cents (depending on NEAR’s price at the time) and the app does not take the 30% cut.
Not financial advice. Do your own research.
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💭 Banter’s Take
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See you all tomorrow!