Cryptocurrency airdrops are a popular way for blockchain projects to distribute their tokens to a wider audience. However, many people who receive these airdrops are unsure of what to do with them. In this thread, we will analyze some of the biggest airdrops from the past year and provide a plan of action for maximizing their value. The Airdrop Action Plan:
The First 24 Hours:
The first thing you should do once you receive your airdrop is to sell. If you're able to claim your tokens early, then you have a chance of selling at a higher price with an opportunity to buy back lower later. This is because the first 24 hours present the best opportunity to sell.
The First 14 Days:
During the first 14 days, it's best to stay patient and avoid FOMO (fear of missing out). Each token released in different market conditions, and it's important to analyze each one individually. For example:
OP gave you an opportunity to buy in at $0.51.
CANTO gave you the option of buying in at $0.19, but it then continued to sell-off.
APTOS gave you the option of buying in at $7, but the following months saw capitulation in the crypto markets.
BLUR gave you the option of buying $0.60, but a few weeks later, USDC lost peg causing capitulation in the crypto markets.
ARB gave you the opportunity of buying in at $1.11, its local bottom.
Patience is a virtue, and it's best to wait for the right opportunity.
The First 30 Days:
During the first 30 days, every token is trying to figure out its market value. However, the first 30 days have offered a price at its bottom or very close to it. For example:
OP: $0.40 (bottom $0.40)
CANTO: $0.11 (bottom $0.07)
APTOS: $3.61 (bottom $3.10)
BLUR: $0.45 (bottom $0.45)
ARB: $1.11 (bottom $1.11)
These tokens all have one thing that the rest of the market doesn't at this stage in their life cycle: shiny new coin syndrome. It appears getting involved in the first 30 days proves lucrative.
Shiny New Coin Syndrome:
The first 30 days prove to be an excellent time to find an entry into these new tokens. They possess "shiny new coin syndrome." Let's look at how powerful this move is from their 30-day buy-in price:
OP: $0.40 ➡️ $3.22, a 705% move
CANTO: $0.11 ➡️ $0.76, a 590% move
APTOS: $3.61 ➡️ $19.92, a 451% move
BLUR: $0.45 ➡️ $0.82, an 82% move
ARB: $1.11 ➡️ $1.79, a 61% move
Keep in mind that BLUR and ARB are earlier in their life cycle than the airdropped coins listed above. Conclusion: To maximize the value of your cryptocurrency airdrop, follow these steps:
Sell your token in the first 24 hours.
Stay patient and avoid FOMO in the first 14 days.
Find a spot to pick some of the new token up at some point in the first 30 days.
Watch and enjoy shiny new coin syndrome in full effect.
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If you want to learn more interesting facts about crypto then don’t forget to check out our blog! You might like our articles https://www.publish0x.com/duacryptoblog/unlock-the-potential-of-polyhedra-with-the-ultimate-airdrop-xyerzyp
(Potential of Polyhedra with the Ultimate Airdrop - Don't Miss Out!✔)” and “https://www.publish0x.com/duacryptoblog/why-its-time-to-sell-bitcoin-for-cbdcs-xgjmrzm
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I want to make it clear that the views expressed in this post are my own and are not intended to be taken as investment advice. It's important to remember that investing in the market carries risks, and it's crucial to do your own research before making any decisions. I strongly advise against investing money that you cannot afford to lose, as there is always a chance of losing your entire investment. As Criss Jami said, we all have something to say, but finding the right way to express it can be a challenge. And as Marcus Aurelius reminds us, everything we hear and see is subjective, so it's important to approach investment advice with a critical eye and make informed decisions based on your own research and analysis.
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