Cryptocurrency trader and YouTuber Tyler Swope is spotlighting upcoming crypto airdrops and which altcoins are about to moon.
In a new video, Swope argues that the possible adoption of Dogecoin (DOGE) as a means of payment by the ninth-largest S&P 500 company, Tesla, could see the asset appreciate 163% from its current price of $0.38.
“In my opinion, it’s pretty obvious a Tesla announcement of Dogecoin for payment is coming and probably coming this summer, within the next month or two. And that hype, combined with a rebound in the markets should see Dogecoin relook towards that dollar mark.”
The YouTuber also notes that the decentralized finance (DeFi) project Sommelier Finance, which simplifies the liquidity provision process on the latest version of decentralized exchange Uniswap (UNI), could soon release a native token.
“So I’m sure you are asking yourself, a token for Sommelier? Not yet. They put out their product first, their application, the first thing and plan to launch the token later. SOMM, it’s coming, just no official date yet! Definitely, one to keep an eye on though.”
On airdrops, Swope unveils that users of four Ethereum-based options protocols can claim the native token of DeFi protocol Ribbon Finance (RBN).
“A total of four million RBN was distributed between users of existing options protocols on Ethereum – Hegic, Opyn, Charm, and Primitive.”
The YouTuber adds that holders of the native token of DeFi network Centrifuge (CFG) will be beneficiaries of the Altair (AIR) airdrop. Altair is an asset tokenization platform.
“And scrolling down to the genesis token distribution…you can see 61% of AIR tokens for the parachain are airdropped to CFG holders. One CFG gets you one AIR.”
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Featured Image: Shutterstock/Digital Genetics/Dario Lo Presti