Is Crypto Fueling The 'Dumbing Down Of America?' Mad Crypto Alpha With Ivan
Benzinga
Published Apr 07, 2024 15:54
Updated Apr 07, 2024 17:10
Is Crypto Fueling The 'Dumbing Down Of America?' Mad Crypto Alpha With Ivan
Benzinga - by Ivan Crnogatić, Benzinga Editor.
I’m Ivan and welcome to the new and improved weekly column Mad Crypto Alpha.
Some people want to build the “future of finance,” but I just want to help you make money in crypto.
Each Sunday, you get weekly insights the news does not cover but you need to know about.
So you’re not just entertained by crypto but get the alpha behind the story.
In this week’s issue:
- What is Friend.tech and why is its upcoming airdrop huge?
- Who is Ansem and why do you need to know this Solana influencer?
- And what all of that has to do with the “dumbing down of America”
What Is Friend.Tech And What Does The $FRIEND Airdrop Mean?/h2 Friend.tech is basically a crude version of Onlyfans for a crypto audience. You sign up with a wallet and … that’s basically it. You can add an X (ex-Twitter) link but that’s not mandatory. Your fans can buy your key, which unlocks a private chat function.
The profile of Ansem, the main character in this week’s issue.
The app blew up in popularity and trading volume last summer when keys of popular crypto influencers went for several Ethereum (CRYPTO: ETH). Things calmed down when there were new shiny toys to play with, but now all that hard work of shilling your own keys to generate trading volume advertising the platform is about pay.
100% of $FRIEND is rumored to be airdropped to users, and Friend.tech points (the crypto equivalent of loyalty points) are currently going for $5-6$ a pop on over-the-counter markets.
Influencers, such as Ansem, who have racked up five to six figures in points are in for a massive stimmy check.
Friend.tech is built on Base, the Layer-2 blockchain of Coinbase, so take a wild guess what may or may not happen next …
There’s a small subset within the industry that still works on making crypto, y’know, actually useful. But I predict it will get a lot worse (and a lot dumber) before it gets better.
The takeaway: Adjust your expectations and investments accordingly.
Read Also: Mark Cuban Is Bullish On AI Minting ‘World’s First Trillionaire’…And His Crypto Portfolio Backs It Up
Wrapping It Up/h2
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Shoot me a DM or Benzinga a mail if you have topic requests, and I’ll see you back for next week’s Mad Crypto Alpha.
Read Next: Crypto Trader Writes Viral Post About Financial Freedom: ‘If You Think It’s Having $100M, You Are Wrong’
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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