- Recently,
Arbitrum just had one of the largest crypto airdrops
over the last several years with some
of us claiming up to $10,000 in free crypto.
But just because you might've missed out
on this doesn't mean it's too late to make money inside
of the Arbitrum ecosystem.
That's why today,
I'm looking at eight projects inside
of Arbitrum that I'm adding to my portfolio
with the goal of finding some hidden gems that could explode
in this up and coming network in the next bull run.
And I'll be sharing my price predictions as well.
But before we get into it,
if I end up missing one of your favorite projects,
let me know down in the comments below
because there were hundreds
of different projects to comb through.
And as always, if you could hit the like button,
it really helps the video out.
Now one of my favorite places when looking
into new crypto ecosystems is the exchanges themselves.
And a couple of these projects
are exchanges inside of Arbitrum,
starting with the largest decentralized exchange
on Arbitrum right now, GMX.
GMX is running on the GMX token
and I put 12% of my Arbitrum portfolio into this project.
Now this is a top 100 crypto,
so probably one of the least risky ways
to expose yourself into Arbitrum
without actually buying the Arbitrum token itself.
And since last year, the project is already up 200%.
Now, currently,
there is over a half a billion dollars
of Arbitrum assets locked up on this protocol.
And once inside,
you can actually stake your GMX token for interest.
This exchange has grown so quickly that they've
actually incorporated AVAX compatibility as well.
Now that being said,
I think GMX's biggest hurdle is actually its strength
and that is, can it stay on top with its continued growth?
The Arbitrum ecosystem has some stiff competition
when it comes to decentralized exchanges
as you're going to see later on.
But I do think this exchange has the potential to reach
over a $5 billion market cap,
which is over a 10X from where it's sitting at now.
Now a different project I got into
solving a unique problem is Radiant.
And Radiant is the third largest DeFi platform inside
of the Arbitrum ecosystem.
And its goal here as it's aiming to be
the first omni chain money market,
which simply means users are now
able to deposit and borrow assets across multiple chains.
And this may not sound like a big deal if you're
a casual retail investor that may only have a few hundred
dollars across multiple chains,
but if you're a business
or possibly an accredited investor
and you have tens of thousands, if not,
hundreds of thousands of dollars worth
of assets across multiple chains,
this can not only save these entities time,
but hundreds, if not,
thousands of dollars in the process as well.
I put about 15% of my respective
Arbitrum portfolio into this.
And from here,
even with just this small amount,
once I stake my tokens,
I'm now eligible to earn platform
fees that the protocol collects.
The biggest downside to Radiant that I see is
that it's an ave fork and this means that it's a clone.
So even though it has a slightly different use case,
usually when there's a fork of something,
it always has a higher risk attached
to it because it's at a second mover disadvantage.
But if this project can continue
at the same trajectory that Arbitrum's on,
I think that they can take their $50 million market cap
and 20X it to $1 billion.
Moving on next to a project that I put 15%
of my Arbitrum portfolio in is Gains Network.
And not only is this on the Arbitrum network,
but also the Polygon MATIC as well.
And it's taking the DeFi market of crypto
combining it slightly with traditional finance.
And they did this by creating a platform
that allows us to not only invest in cryptos,
but some traditional stocks as well.
And the platform is completely decentralized
because the ownership is divided
into smart contracts or NFTs.
So anyone can buy, own, and earn
from the fees that are brought in from the platform.
But the route I ended up taking
was actually buying into the GNS token itself.
Now although the Gains token is inside the top
200 largest crypto projects right now,
it does have some stiff competition
that's continually popping up.
But I went ahead and I got in
into Gains because it looked like they had the widest array
of assets for investors to invest in
and I think that's going to be a large factor
in determining which player in this sector actually ends
up achieving the largest market share.
Now, this is a smaller project,
which means more risk,
but also that means the possibility
of having a higher reward.
And I see this project having the potential of 20X-ing.
And the rule of thumb with any project going forward
in this sector of my portfolio is that if it
over 10 to 15X's,
I'll be withdrawing 75% of the total funds,
leaving 25% allocated to see what happens.
But something that doesn't have any downside is the sponsor
of today's video, MooMoo.
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Moving on next to what I put another 15%
of my portfolio into, which is the GRAIL token.
And this is the token
for one of the fastest growing exchanges
on Arbitrum right now, Camelot.
And this token is already sitting
at a $200 million market cap.
And its unique twist is
that it's incentivizing new projects to launch their tokens
on their platform by offering them a referral bonus.
And this referral address can come into play when
people stake the tokens inside of liquidity pools
or any other aspect inside of the DeFi protocol.
And once these projects are paid out in the GRAIL token,
they can then use that as income for their protocol as well.
So buying into the GRAIL token,
I'm hedging that I see this
as being a play inside of Arbitrum
that could potentially take off in the next bull run.
And the biggest weakness really when it comes to any
of these exchanges is, which ones are going to succeed?
I do think that there is going to be a market
for multiple exchanges inside of different ecosystems,
but the question is,
is which ones are they going to be?
Now I went ahead and I got in on Camelot,
specifically the GRAIL token,
because I like the fact
that they're incentivizing projects to come in
and projects are really the lifeblood of any exchange.
And I think long-term,
that is something that could
potentially end up helping them win.
Now moving on from exchanges into option trading.
Now I personally don't trade options,
but I understand it's an important part
of any type of ecosystem.
That's why I decided to hedge into DOPEX,
specifically the DPX token.
It's currently sitting at $160 million market cap
and I ended up putting about 15%
of my Arbitrum portfolio respectively into this coin.
Now right now,
they do only have about $28 million in assets locked up,
but I do think that there is a lot of room to grow here.
If you look at one
of the largest platforms that trades options
for crypto, Deribit,
it has over $2 billion in assets locked up.
So there is a lot of room
in this sector or any type of options trading to grow.
And $160 million market cap may sound like a lot,
but there was a project in May of 2020 that I got
into that had a $200 million market cap that ended
up over 60X-ing.
We are now getting into smaller market cap place,
which means higher risk, but also higher rewards.
And I only put 5% of my Arbitrum portfolio
into each of these projects.
First up is the Vesta token, which powers Vesta Finance.
It has about $20 million in assets locked
up and it's sitting at a $60 million market cap.
Vesta's unique selling point is
that it allows users to maximize liquidity against the value
of their stablecoin,
allowing someone to borrow
against their crypto assets without selling them.
This is not new to crypto necessarily,
but every layer one or layer two
has these types of projects.
And last bull run,
we saw Nexo reach over a $2 billion market cap,
which is over a 30X from where
this project is sitting at now.
But I do think that this sector of crypto is risky.
Unlike traditional markets
when users are borrowing against assets,
the crypto markets are much more volatile
and this means that there is a potential
for the collateral on a loan to drop significantly.
And there's a decent probability we've
either hit the bottom or there isn't much lower to go.
So I don't think that
that risk is as prevalent as it would've been in 2022.
But that being said,
there is still some exposure here.
But I still got into this knowing the risks.
Next up,
I really wanted to dig into the
DeFi protocols inside of Arbitrum
and one I ended up checking out was actually Jones DAO.
Now, this is similar to other high yield protocols that are
on other layer ones and layer twos
and they have some very high yield pools on this site
and I did not feel comfortable getting into those,
especially in these types of times.
Those are very, very risky.
But I did still decide to stake my Jones token
on the website.
Now the token itself has a $27 million market cap
and if you wanna kind of get a feel
for the rest of the market,
you can head over to AVAX, look at Trader Joe,
and you can see that the Joe token
has $190 million market cap in a bear market.
So I do think that there is some room for this token to run
if the exchange can get users and get utility.
So this is one of those, yes, there is higher risk,
but there is a potential for a 20, 50, even 100X.
But that's not the smallest project I got into Arbitrum.
And this next one is the smallest project that I
think I have in my entire crypto portfolio
sitting at a $3 million market cap,
and that is the Solid Lizard token powering
the Solid Lizard DEX.
And this DEX, even though it just launched,
it has $30 million in assets locked up.
And Solid Lizard is taking a unique approach where
their goal is to focus on community and interaction.
So the DEX has an incentive for everyone to lock
up their tokens, which means more rewards for everyone.
And I don't know how this is going to work out,
but I do plan on keeping my eye
on DEX's that are launching not only on Arbitrum,
but other layer ones and layer twos as well
because we really saw those explode come the last bull run
with something like the CAKE token
on Pancake swap three, four, 500X-ing
once utility really kicked up.
But keep in mind,
this is just one small section
of my entire crypto portfolio
and all you really need is one project.
And one project could not only make
up for all of your losses,
but there's a potential
that it could make a life-changing amount of money as well.
So if you wanna see the majority
of my crypto portfolio outside of this Arbitrum ecosystem,
click on this video right here.