Jupiter Airdrop: Crypto Banter Reveals 4 Altcoins Which Will Moon Soon
Solana and Render
Ran Neuner, the host of Crypto Banter, recently published a video sharing some of the hottest altcoins. The most interesting buy, according to Neuner, is Solana. This is due to the Jupiter Airdrop, scheduled to happen Wednesday US Time.
Jupiter is a DEX aggregator on the Solana blockchain that connects users with various decentralised exchanges (DEX), offering services like a limit order swap feature and dollar-cost averaging (DCA). The launch is said to be an equal distribution between the team and community. CoinDesk reported that in the 24 hours before the token issue the DEX settled half a billion Dollars in trades, making Jupiter the largest DEX by trading volume.
Render (RNDR) is another altcoin with lots of potential, mainly based on the hype around the launch of Apple’s Vision Pro. GPU & Spatial computing, which is used by Apple’s new glasses, is powered by Render.
Tao and Sui
Another altcoin of interest here is BitTensor (TAO), which was mentioned by Vitalik Buterin in an article he recently wrote on the challenges of crypto and AI. In his article Buterin suggests that BitTensor applies crypto incentives to improve AI development without fully employing cryptography for complete encryption, indicating a balance between incentivising AI enhancement and avoiding the complexities of extensive cryptographic encryption
Neuner is also very bullish on Sui, but he also suggested that people could just hedge their bets and go long Sui and short Aptos (APT). He suggested with that move investors would have easily doubled their money.
If you wanted a market risk neutral trade, what you could have done is you could have gone long Sui, short Aptos. If the market went down, you would have stayed neutral. If the market goes up, you would have stayed neutral. All you’re doing is you’re taking a bet on Sui versus Aptos and you would have doubled your money.