The post the snapshot of the market appeared on BitcoinEthereumNews.com.

In recent months, the landscape of the crypto airdrop market has changed significantly, leaving less and less room for simple earning opportunities. After the latest token distributions, which turned out to be below investors’ expectations, the crypto community has started to view all new incentive campaigns organized by various blockchain projects with skepticism. The airdrop market seems to have almost reached a condition of “saturation“: the best token launches are swarmed by many farmers, while the less important ones offer very low returns. The outlook seems extremely different from what we could experience in March 2023 after the airdrop of Arbitrum, which we still remember today as one of the best ever. What awaits us from here on? What are the upcoming airdrops in Q4 and which ones are worth betting on from now on? Let’s delve into the topic below. The current situation in the crypto airdrop market: uncertainty and disappointment prevail At the beginning of the year, the market sentiment for emerging crypto airdrops was sky-high, but now the picture seems to have decidedly changed for the worse. The farmers no longer appreciate the various incentive campaigns organized by the teams of emerging projects that need to launch a token and attract liquidity. The majority of airdrops that have been completed with an initiative based on points have not, in fact, delivered the expected excitement, leaving a sense of disappointment in the air. Many of these are nothing more than hidden “liquidity mining” practices, where users offer their capital in exchange for a calculated reward. It seems as if the projects themselves are farming the users by exploiting their deposited capital, rather than the other way around. Just think of the unconvincing outcomes that have recently affected Blast, Renzo, Eigenlayer, and Bouncebit. We entered a new phase on…

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Filed under: News - @ August 31, 2024 1:15 pm