Altcoins Talks - Cryptocurrency Forum
Learning & News => For Beginners => Basic Questions about Cryptos => Topic started by: AMEBOIBADANBLOG on December 18, 2024, 04:05:40 PM
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Hello everyone, I have been wanting to ask questions about how much web3 traders are making from airdrops because the rate at which some of the DeFi projects they farm get listed at higher prices scares me nowadays. Take Hypeliquid (Hype) as an example; a lot of web3 traders are getting the airdrop, and it got listed around $26 on the exchange. Apart from that, some reward exchanges are giving users benefits like doubling the allocation and even participating in events like trading to get more of $HYPE. Imagine getting 60 HYPE from an airdrop and, after trading it, getting double; then my Christmas celebration is definitely set. Do you think the Defi airdrop farmers is really making more now than daily traders?
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No, because most Defi airdrops set an expected listing price that is completely different from the actual listing price, and it is rarely close to or higher than the target price. Therefore, after the listing, there will be a significant drop due to the high liquidity (even if there is demand).
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The high prices you see on their premarket launch and listing is just to pack up a ton of hype without those hype and advertisements on platforms like twitter, the coin or token won't gain enough adoption and low adoption rate is directly relatable to the available liquidity which will inturn be low also the end result will be bad for the final listing price.
The meme coin traders don't make more money on a general scale compared to other traders especially Forex trader. Infact the Forex market trades around 7 trillion dollars every single day which cannot be compared to meme coins that have their liquidity tied to a small group of investors.
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Do you think the Defi airdrop farmers is really making more now than daily traders?
Quite frankly, it can so hard to compare the two, One, we could not find good data on these two activities. Two, airdrop things can be so erratic you may see one that is good but there are also so many which are not. Three, daily traders can do their stuffs on a consistent basis while airdrops can be an on and off thing. We might get excited on a very good airdrop but we know that there are so many such projects that do not produce good results for us as airdrop participants.
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Do you think the Defi airdrop farmers is really making more now than daily traders?
Quite frankly, it can so hard to compare the two, One, we could not find good data on these two activities. Two, airdrop things can be so erratic you may see one that is good but there are also so many which are not. Three, daily traders can do their stuffs on a consistent basis while airdrops can be an on and off thing. We might get excited on a very good airdrop but we know that there are so many such projects that do not produce good results for us as airdrop participants.
You are definitely right on this one, do you do both or just one? Airdrop or trading
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Do you think the Defi airdrop farmers is really making more now than daily traders?
If you're asking this just because many made money thru Hyperliquid airdrop, then no.
There are many projects that can give you free money through airdrop yes like the HYPE airdrop, but what are the chances that you knew that it would grow like that after it got listed? No one except for those who fully trusts the project. DeFi airdrop farmers aren't profiting and if they are, they need to participate into many DeFi airdrops before making money into just one or probably 2 of them.
If you're a daily trader, and you're an expert, there's a higher chance that you will make money since you're doing it on a daily basis. If you're expert in trading, you can make more money than these airdrop hunters.
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It's practically impossible to know how much you'll get from an airdrop
Some are excellent, some are terrible, and most are good, and Hype was probably one of the best airdrops together with Jito and Arbitrum
I see a lot of comments here on the forum about airdrops being a waste of time, and that it's better to trade
But at least in my case, I'm not good at trading, and I've earned a lot more from airdrops this year than from trading
It's quite easy to even take part in airdrops, but you have to have patience and time to participate in the projects
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and I've earned a lot more from airdrops this year than from trading
It's quite easy to even take part in airdrops, but you have to have patience and time to participate in the projects
Can you share your experience or average of what you got, airdrops are usually profitable in bull markets where there is hope that tomorrow the price will be higher so this year was perfect compared to the last 3 years and it will be compared to the next 3 when the crypto winter comes.
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and I've earned a lot more from airdrops this year than from trading
It's quite easy to even take part in airdrops, but you have to have patience and time to participate in the projects
Can you share your experience or average of what you got, airdrops are usually profitable in bull markets where there is hope that tomorrow the price will be higher so this year was perfect compared to the last 3 years and it will be compared to the next 3 when the crypto winter comes.
I only started farming airdrops constantly at the beginning of this year, unfortunately
But I'm glad I started and I'm reaping the rewards of the good airdrops I got: ZkSync, LayerZero, Layer 3 etc
The ones above are the ones I got the best results from
In others I manage to get 2 or 3x the amount I spent, they're not great, but at least I say it was worth it
Airdrops are more profitable in the bull market, yes, but any period, especially the bear market, is great for farming and getting to know new projects, and then earning a reward in the bull market
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Hello everyone, I have been wanting to ask questions about how much web3 traders are making from airdrops because the rate at which some of the DeFi projects they farm get listed at higher prices scares me nowadays. Take Hypeliquid (Hype) as an example; a lot of web3 traders are getting the airdrop, and it got listed around $26 on the exchange. Apart from that, some reward exchanges are giving users benefits like doubling the allocation and even participating in events like trading to get more of $HYPE. Imagine getting 60 HYPE from an airdrop and, after trading it, getting double; then my Christmas celebration is definitely set. Do you think the Defi airdrop farmers is really making more now than daily traders?
This income was certainly higher than the profit that a day trade can be making but this income cannot be consistent from all the defi projects some were good but some certainly are not that they instead give loss.
I imagine 5 accounts who received 60 tokens each then think how much a person can make. Farming airdrops can make farmers more money. Making profit from trading and day trading is still more reliable.
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Good for those that are able to make it but not everyone are going to take their share with these kind of airdrops. To be honest, most of the airdrops nowadays are like a lottery. Even the ones participated and followed rules aren't getting some share, this is just for some people. But those that are able to take it, they're not going to take any more chances but are going to simply dropping and dumping all of those tokens that they get from these projects.
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I completely understand your concern! The DeFi airdrop space has become incredibly lucrative, and it's not uncommon to see traders making substantial gains from these opportunities. The Hypeliquid example you mentioned is a great illustration of this. With the right strategy and a bit of luck, airdrop farmers can indeed earn more than daily traders. However, it's essential to remember that this space is highly volatile, and risks are involved.
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