Recharging
It may appear as if the bull market has been cut short. However, the most sensitive period of any historical bull market is the one we are currently in. This is when the previous all-time high has been regained post halving and the market appears to be somewhat stagnant. A struggle always seems to unfold during this period and often leaves market participants nervous and insecure regarding the future price action of Bitcoin and the broader market.
Solana had an explosive start, which was predicted by this blog even while it was collapsing in 2022. Solana dropped to approximately $8 during the depths of the bear market, largely due to the FTX collapse. However, we are still to see Solana breach its previous all-time high. Regarding price appreciation, we are yet to experience the most significant stage of the bull market. Historically, this is when prices go parabolic.
There have been a fair amount of disruptions during the current phase of the bull market, and though anticipated, it’s still a challenging time. Investors now need to focus on positioning themselves for the remainder of the bull market, specifically, Solana. Airdrops have already played a pivotal role in increased Solana adoption during the formative stages of the bull market. This dynamic is likely to continue.
Airdrops & Potential Airdrops
Firstly, it’s imperative to note that “fake airdrops” are a favorite regarding scammers and their tactics. One has to be so careful regarding this particular strategy. Round 2 of the ongoing Jupiter airdrop is a good option. Firstly, it’s proven and established, secondly, Round 2 is scheduled for December of this year. The best way to qualify is to continue performing swaps, DCA buys, and limit orders.
The initial round of the Jupiter airdrop was extremely viable, regarding the amount of effort required. The initial airdrop was largely based on swap volume. However, the second round promises to be more complex regarding the qualifying criteria. So, the more you do the better. Another Solana DEX I wrote about in February of this year is Phoenix, which has now crossed the $41 billion mark in trading volume.
Phoenix has yet to perform an airdrop. However, it’s not a guarantee that a token will be issued and airdropped, but it’s one to keep in mind and conduct a few random trades just in case. Any new potential airdrops that may arise should be well scrutinized before decision-making. DYOR is imperative in this particular arena of crypto income.
Swap & Earn
Pond0x is a new DEX that appears to tap into Jupiter’s liquidity. It’s the first DEX I have seen with a rewards aspect. Regarding BSC, many traders use Biswap instead of PancakeSwap. Swaps are rewarded with BSW tokens, making it a more viable experience than directly trading on PancakeSwap. Pondo has a similar system with a referral program like Biswap.
The Pond0x (PNDC) token is exceptionally cheap and could rise significantly in the event of Solana Season 2.0. The current price is $0.0000001 and it has a market cap of $9.5 million, which is incredibly low for a DEX, especially a Solana DEX. This is a DEX and investment worth checking out! A micro-cap that is also a Solana DEX. Remember, personal research and investigation is the first step!
Solana Memecoins
The market is under significant pressure regarding altcoins and the memecoin market. Memecoins are a different animal, there are always memecoins pumping somewhere. Many more established Solana-based memecoins are heavily discounted, so stocking up on some blue chips is a good idea. This is true, especially regarding Trump memecoins.
Many of my recent Trump memecoin calls have realized between 50% and 453%. A call I published on INLEO realized 453% in approximately 24 hours. This was BARRON and can be seen in a thread published over the weekend. Trump memecoins are a no-brainer. We have the Bitcoin Conference this weekend and the elections later this year. Trump is bullish!
Final Thoughts
There are many ways to gain exposure to Solana Season 2.0. These are a few ideas to get those creative juices flowing. There will be a lot more as the bull market matures. However, let me reiterate, that research is vital and nothing mentioned should be construed as investment advice. These are some of my ideas regarding the maximization of Solana Season 2.0. Keep the faith and I will see you next time!
Disclaimer
First of all, I am not a financial advisor. All information provided on this website is strictly my own opinion and not financial advice. I do make use of affiliate links. Purchasing or interacting with any third-party company could result in me receiving a commission. In some instances, utilizing an affiliate link can also result in a bonus or discount.
This article was first published on Sapphire Crypto.
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