i just discovered that there are solana tokens that i can swap my sol. does it make sense to swap some sol to these tokens? if yes, how to research growth potential of these tokens?

    • Reqhead@alien.topB
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      1 year ago

      Polis (star atlas) could do well. JUP will be a monster once released in next few months

      And after that JITO, DRIFT and MARGIN likely to be the next big coins

  • penaflow1@alien.topB
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    1 year ago

    Bonk don’t underestimate the meme coin! Buying shit coins is like buying a lottery ticket(s) but a shitcoin on the SOL blockchain increases your win possibility compared to BNB.

    • krikara4life@alien.topB
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      1 year ago

      Pyth is simply more attractive in most eyes. LINK grabs all real world data with up to a 30 min delay while PYTH grabs financial data with up to 1 minute delay.

      In the age of instant gratification, no one wants to wait half an hour anymore. People buying and using these products mostly care about the financial aspect anyways.

  • Glittering_Remote454@alien.topB
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    1 year ago

    Helium mobile has huge upside potential, marketcap is only 22.8m$, no central exchange listing yet either but it is bound to get listed sooner or later.

    Mobile network goes live nationwide across USA end of the year, they have a partnership with T-Mobile and have already beta tested in Miami. T-Mobile partnership is great so when there is no local helium mobile providers to connect to you default to the T-Mobile network. They are coming in with competitive rates it’s an interesting project for sure.

    • butter14@alien.topB
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      1 year ago

      Yep, Helium Mobile is trading at fractions of a cent, the upside is massive, but because liquidity is low and can only be purchased on a DEX retail doesn’t know about it. Yet anyways.

      • wander_eyez@alien.topB
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        1 year ago

        Seems like MOBILE (the 22.8m$ one) is a subtoken of HNT

        “Other subnetwork tokens, such as IoT and MOBILE, derive their value from HNT as they can be redeemed for it. To utilize the network, HNT must be burned.”

        So it’s likely MOBILE and IoT will never have significant value or get listed beyond where it is now, just fyi

        So buy HNT not MOBILE

        Ref: https://blog.helium.com/helium-ecosystem-health-a-closer-look-at-iot-lorawan-depin-and-5g-usage-on-the-network-f74465b474a6

        • wander_eyez@alien.topB
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          1 year ago

          Also of note Helium has exit scammed quite a few times: https://www.reddit.com/r/CryptoCurrency/s/tYVPgBpvGa

          TLDR; Helium was founded mid 2010s, failed as a mobile network, pivoted to crypto in 2019. Launched their own blockchain w/ HNT as their token, exit scammed a majority of money to their founders & insiders by 2022. Switched to Solana network in 2023.

          I don’t have a strong opinion on Helium but it’s history is questionable at best, and they seem to be more hype & tokens than usage

        • Glittering_Remote454@alien.topB
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          1 year ago

          Mobile will get listed on CEX.

          You really think when next hype run up starts normies will care about about anything other than how many “0s” can be deleted? Have you seen the rise of BONK recently? Did you see the memecoin frenzy of the last bullrun? This project has genuine use case and the tokens have UTILITY.

        • butter14@alien.topB
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          1 year ago

          The DAO tokens are derivatives of HNT.

          Helium uses a DAO score to determine the redemption rate between HNT and Mobile. The equation takes 3 variables into account (the amount staked in a subDAO, the number of active devices, and the amount of data burned by each respective DAO) this determines the amount of HNT that goes into each DAO’s algorithmic treasury. That HNT is what sets the redemption rate. Here is a link if you want to learn more about how Helium’s economy works.

          Currently, because IOT is older and has more devices, its redemption rate is higher than MOBILE. But if MOBILE is successful, the redemption rate will rise.

          I do agree that it’s probably wise to hold HNT, but MOBILE did have a 300% increase in the last month in preparation of Helium Mobile launching in Miami.

  • Stafford_001@alien.topB
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    1 year ago

    I haven’t found a solid project yet. I am trading the shitcoins to earn more SOL. So it’s profitable. I’m hoping next on chain Bull will be on Solana because ETH fees are crazy high

  • Spinoza_Vision@alien.topB
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    1 year ago

    Not financial advise. For defi on Solana see defillama website. There you can see Marinade Finance performance (such as TVL and volume) as well as the performance of other defi coins on the Solana blockchain. How to purchase these coins if not available on the centralized exchange? One easy way to purchase MNDE, ORCA or some other defi coin after your own due diligence, is using the phantom wallet swap function. So here is the scenario: deposit sol to phantom wallet, swap some of the deposited SOL for the selected coin.