gm,
I’m Ivan and welcome to the new and improved weekly column Mad Crypto Alpha.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
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?
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 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.
Buy at this blue line for a shot at trading profitably
There are so many indicators out there on when to buy and sell. Nic uses none. He looks at a chart and buys when a stock “pushes” off this blue line. What blue line? Find out on the next page. It’ll change how you make money from stocks. Click here for the details.
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 …
According to DefiLlama, total value locked (TVL) on Base has done a 3X since 2024 started. On-chain degens have turned $15,000 into over $5 million with Base memes and are refusing to sell. Coinbase is itching to deploy its Coinbase Wallet to provide an easy on-ramp onto its ecosystem.
The takeaway: I’m not saying Base coins are about to moon. But I am saying that you will want to pay attention to what influencers rotate some of their FRIEND profits into.
Influencers like Ansem…
Read Also: Dogecoin Soars As Whale Moves 200 Million DOGE From Robinhood To Unknown Wallet
Who Is Ansem And Why Do You Need To Know About Him?
Ansem is a New York-based Solana (CRYPTO: SOL) maxi and crypto trader who has gained “main character” status thanks to helping dogwifhat (CRYPTO: WIF) blow up to Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE) levels of brand recognition.
To you, he might be best known for putting “a hat” on the Wall Street Bull or for meme-ing his cat Hobbes into a nine-figure market cap.
But in the crypto community, not everyone’s happy with the kind of pull Ansem has. This viral post sparked a hot debate about whether building a huge social presence is the best way to generate an edge in crypto: