DeFi Research’s Ignas Publishes a Detailed Analysis on How Degen Traders Should Analyze and Position Themselves in a Bull Market. This article starts with the strategy and then introduces the nine ecosystems and targets mentioned by Ignas.
Table of Contents
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Investment Tips for DeFi Degen Traders
Secrets to Exploring Emerging Ecosystems
Maximizing Airdrop Opportunities
Nine Ecosystems Recommended by DeFi Degen Traders
Starknet: Technological Innovation and Wealth Creation
Solana: Seizing Opportunities in the Ecosystem
Injective: Small but Promising Opportunities
Stacks: Anticipating New Opportunities with Upgrades
Celestia and SEI: Enormous Potential for the Future
Ethereum L2 and Restaking Strategy
And… Bitcoin BTCFi
To maintain competitiveness, investors can focus on ecosystems that offer technological innovation, currency creation opportunities, and compelling narratives. Solana is a prime example, continuously providing new opportunities, but there are other ecosystems worth considering.
Utilizing simple cross-chain strategies: Connecting ecosystems through multiple cross-chain bridges.
Exchanging and providing liquidity on DEX: Swapping and providing liquidity on top decentralized exchanges (DEX) without participating in their tokens.
Borrowing and lending based on demand: Borrowing or lending certain tokens as needed.
Investing in NFTs: Purchasing popular PFP NFTs, especially those favored by the community for Twitter profile pictures, and receiving airdrops through NFT markets.
Ignas believes that most protocols now offer tokens that make it easier to identify which protocols will distribute rewards.
It is important to assess one’s risk tolerance and participate early. After receiving airdrops, it is common to sell a portion and convert to the main tokens of the ecosystem, while the rest can be used for providing liquidity, staking, or farming for more airdrops.
Ignas emphasizes the challenge of selecting ecosystems without spreading oneself too thin. While some ecosystems have already flourished, there is still room for investors to participate. Additionally, there are upcoming ecosystems that provide investors with time to prepare.
Technological Innovation:
Starknet
Stands out with its ZK-Rollup technology and STARKs verification system, offering a trustless decentralized solution with quantum resilience. Its Cairo programming language further enhances its uniqueness and scalability.
Wealth Creation: Starknet’s STRK airdrop and 50M STRK ecosystem rewards will bring capital inflows to DeFi protocols, incentivizing ecosystem growth. At the same time, compelling narratives such as “quantum resilience” and “SNARKs vs STARKs” are expected to increase its market valuation.
Solana’s ecosystem is already in a thriving stage, but it is not too late for investors to participate in the airdrop frenzy. From Wormhole to Grass, each protocol offers different ways to participate, whether through borrowing, trading, or unique applications like Parcl’s real estate market, providing opportunities for airdrops.
With a 2880% surge in the price of $INJ this year, Injective presents an excellent opportunity. Despite its relatively small TVL, upcoming airdrops offer an investment opportunity that holders of INJ and users of the testnet should not miss.
Stacks’ upcoming Nakamoto upgrade is expected to bring 5-second transactions and more trust-minimized sBTC functionality, providing investors with an excellent positioning opportunity. Various DEXs and financial applications like Alex Lab and Zest offer abundant investment options.
Celestia and SEI represent the future direction of blockchain technology. The low barriers to entry of Celestia and the technological innovation of SEI offer opportunities that should not be overlooked by investors. In particular, SEI’s expected v2 version will bring more optimistic parallelization and storage optimization.
For Ethereum’s L2 and Restaking strategies, Manta and Blast provide unique airdrop opportunities. Additionally, platforms like Kelp DAO and Swell offer different reward strategies for Eigenlayer tokens.
(Read the complete steps and targets here)
Ignas also highlights BTCFi as an ecosystem he has not paid enough attention to outside of the nine recommended ones. He personally invested in BRC20 tokens such as ORDI, MUBI, and Bitmaps. He said, “I still feel disadvantaged in the rapidly developing BRC20 market, which is mainly dominated by Chinese and Asian players and some insiders.”
Celestia
Injective
Restaking
Sei
Solana
Stacks
StarkNet
Further Reading
2024 Airdrop Map | What are the Potential Airdrop Opportunities Beyond JTO?
Twitter KOL Ignas Analysis | Which Six Ecosystems are Promising in the Next Bull Market?