12 Real-World Blockchain and Crypto Use Cases
The main current problems holding back Blockchain technology adoption are: that most people still have no idea what the Blockchain…
Today we will talk about unorthodox methods of earning through the blockchain. We will focus on altcoins, whale activity, popularity indicators, and more. Moreover, we will talk about future technologies concerning the blockchain, that will adversely affect token demands and prices.
Between 2018 and 2021, crypto gaming was the new craze on the blockchain. Despite poor gameplay and weak storylines, the community rallied behind these projects, and many crypto-gaming tokens grew considerably in value even before the game was launched. I remember just a trailer release would drive up prices by 200%.
What is the Strategy Here?
If you see a project entering the crypto-gaming market with strong community support, good liquidity, stable tokenomics, multi-platform support, and significant social media hype, consider investing in its initial coin offerings (ICOs). However, investing in an ICO carries a serious risk. If the project gets canceled, your investment could vanish quickly. Moreover, crypto games are becoming not only more fun to play but also more transparent in their development.
Meme Coins Outperform Altcoins, in Q2 2024
Meme Coins have often performed better than altcoins. However, they are more volatile and prone to risk. In 2023, Meme Coins on each chain performed better than the altcoins on that chain. Coingecko has also reported that Meme Coins, AI, and RWA accounted for 77.5% of its total traffic. Bitcoin’s hash rate is depreciating, and Ethereum has added more tokens than it has burned. So it seems, for now, users are more keen on Meme Coins.
What is the Strategy Here?
If the same trend continues in 2024, then it is wise to invest some part of your portfolio into Meme Coins. Even though Meme Coins are notoriously volatile, consider investing in those with strong communities, active discussions, and lasting relevance. You can choose the most popular Meme Coins on each chain.
I agree with Manuel Ferrari of Money On Chain that the difference in supply affects the growth of both Cryptocurrencies. Bitcoin with its limited supply has a higher price increase potential per revolutionary changes than Ethereum. However, Ethereum has many use cases as well and this increases its demand. So as long as Ethereum demand (use cases) exceeds its supply creation, we are likely to see its growth. Not to mention that Ethereum also has a burn rate for every transaction to control the inflation rate, a factor Manuel Ferrari did not consider.
For instance:
(Note: Invest at your own risk)
Ethereum Staking in 2024 (ETF Announcements)
Even though more Ethereum is added than burned, I expect it to reach a new all-time high of over $5000 and can potentially reach the near $10,000 mark by the year-end. Hear me out, ETF launches are the game changers! When more regions get ETF launches, the demand and price of Ethereum will increase. Bitcoin reached its all-time high of $75,830 on March 14, 2024, just a month and a half after its ETF launch. Though both tokens are fundamentally different, their price still heavily relies on demand and investor confidence.
What is the Strategy Here?
The strategy is to accumulate Ethereum tokens and stake them until the end of the year. This allows you to earn additional Ethereum through staking rewards, while also potentially benefiting from a price increase if Ethereum reaches the predicted new high.
Metaverse, AI & VR Tokens
They say early adopters stand to gain the most from new technologies. However, they also stand to lose the most if the technology fails. One such technology is VR-based Metaverses powered by the Blockchain and AI. I know this sounds like sci-fi, but the introduction of technologies like Apple Vision Pro and Oculus has paved the way for realistic digital worlds. Any current Metaverse project or projects can be upscaled as technology progresses. So it is again wise to invest in Metaverse-based tokens.
What is the Strategy Here?
When choosing which Metaverses to invest in, it is wise to do some digging. Find out which projects have the most tech-savvy teams, most funds, most updates, indication or offering of VR integration, etc. Then divide your Metaverse portfolio into the top 3 technologies you believe in. However, these are long-term investments because adoption has its own pace. The Sandbox, Decentraland, and Bloktopia are all examples of good Metaverse projects.
A Little Pump & Dump
You can use a few tools to help you devise a pump-and-dump strategy to gain quick profits. Using indicators to identify volatile markets, you can make small, calculated investments with the potential for high returns. Take the help of these three tools: Lunarcrush, Whale Activity Trackers, and Automated Bot Trading Apps.
What is the Strategy Here?
Most Meme Coins, Shit Coins, and even some future big giants are often found through Lunarcrush, an application that tracks popularity through social media activity and gives an overview of market sentiment. Whale Activity shows you when people sell or buy crypto in large quantities that directly affect the price. Lastly, trading bots buy and sell crypto based on the data you provide them with. Use the bot to set buy and sell metrics, and use Whale Activity trackers and Lunar Crush to identify your pump and dump targets. This strategy is 50/50!
Final Thoughts
Navigating the world of high-risk, high-reward crypto strategies is exciting but requires constant vigilance. Always stay informed on market trends, conduct project research before investing, and never invest more than you can afford to lose. Fortune favors the brave, but only those who tread carefully, Good luck!!
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