Hello Everyone,
This Substack issue of the Degen Den is loaded with alpha that you’re not going to want to miss! If you haven’t already, make sure to get your 7-day free trial subscription to unlock alpha on Solana memecoins that you can set and forget.
We have a full guide on how to become a crypto whale (and what projects to choose), as well as airdrop alpha that will have free money flowing into your wallet. I know we’re used to bear market blues but the bullmarket is coming in swinging, and we’ve got to be prepared to make some of the money that’s about to flow into crypto.
So let’s roll the disclaimer and get after it:
Any opinion discussed in this publication is subject to change without prior notice. Please DYOR and remember that this is for entertainment purposes only and not to be considered financial advice. Anything you choose to do with your money is your responsibility.
DYM Stakers Get Their First Airdrop - NIM
Dymension, a blockchain leveraging Cosmos technology for the development of app-specific "RollApps," launched with a massive airdrop in February, distributing $390 million worth of DYM tokens to various crypto communities, including Cosmos, Ethereum and Solana.
We tipped our Substack readers off about this opportunity a few months ago. This was a retroactive airdrop so you didn't even have to do anything, you just needed to have a wallet with some transaction history on one of those networks.
After the airdrop, we encouraged subscribers to stake their DYM tokens because RollApps that launch on the Dymension chain will probably be doing airdrops for holders.
Last week, the first airdrop finally came with the launch of the The NIM Network, a RollApp that integrates Dymension and Celestia technologies and focuses on AI gaming applications. The airdrop included 90 million NIM tokens, which is 9% of its total supply, to over 500,000 wallets.
DYM stakers have until April 4 to claim their tokens, so move fast. In addition to targeting DYM stakers, the NIM Network airdrop also extends to holders of specific NFTs associated with games like Parallel, Pirate Nation, AI Arena, and Today: The Game as well as famous Ethereum NFT collections like Pudgy Penguins.
This will probably be the first of many airdrops for DYM stakers.
Links:
Dymension
Wen Will the Next Memecoin Moon on Solana?
Shortly after its debut, a meme coin riding the wave of Solana's (SOL) ecosystem has ramped up its upward momentum, breaching key resistance levels and soaring to an all-time high. Meet Wen (WEN), a recent addition to the bustling Solana meme coin arena, alongside companions like Book of Meme (BOME) and Slerf (SLERF). Since its launch in January, Wen has skyrocketed to a peak price of $0.000519, with current trading hovering around $0.0004986 as of March 27.
The buzz around Wen amplifies as it continues to gain traction, with enthusiasts eyeing the potential for further gains. Collaborations like the one with REBASEgg, which introduces the beloved web3 cat into the Rebase universe, add to the excitement.
Boolin Around On Base
Base, the Ethereum layer 2 network incubated by Coinbase, has had a breakthrough month, with tons of new users jumping on and a bunch of new tokens launching. Most of the projects to launch so far have been memecoins, but that’s how the rest of the market is looking as well. The big story of the week was $ROOST, a memecoin with a blue rooster representative that raised over 12 million dollars in a presale. The project launched at a $100 million marketcap, and has been trading sideways since launch.
There are a few projects that have flown under the radar that have the potential to bring in big gains as more people come onto base. The first is $BOOL, which takes its name from the slang term “Bool” that means hanging out with your friends. This seems to have spun out of the Milady community, who is also behind the rise of MOG, a memecoin on Ethereum that now has a marketcap of over $100 million. $BOOL is currently around $1 million and it has a very active community forming around it.
https://twitter.com/tickerisBOOL/status/1773375332902392080
There’s also the Roach Rally, which is a gambling platform where a group of degens is racing exotic roaches on a Twitch stream, and allowing viewers to bet on the winner using the $ROACH token. The market cap and liquidity is very low on this one, but the team has shown that they will continue to work on the project, and this kind of thing can really blow up once people start to find out about it.
There is no guarantee that these will moon anytime soon, but they do have serious potential, and there’s an opportunity now to get great entry points.
Links:
ROOST
How to Become A Whale
A smart mission for this bullmarket should be to become a whale in a good project that you know is flying under the radar, but has a lot of potential. This is the secret behind making gigantic gains–spotting a crypto project that has strong fundamentals, and the potential for a lot of volume once more people start paying attention.
Earlier in the Substack we discussed Solana’s cute cat WEN, and how it’s made some explosive moves.
Solana altcoins are poised to take a lot of cryptocurrency market share. With all the backing it’s had from the Solana foundation and Jupiter exchange, it’s easy to see that this is a great one to DCA into and hold for the long-term.
Another great pick for this upcoming bullmarket… (🐷)
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