Will this one Spiral out of control?
Yesterday I wrote about this little sparrow here,, a token I bought not long after it launched in the hope that it may turn into something big. You just never know. I was breaking my head about how to get back into the game since I have almost no crypto left, aside from what I have on Hive, and not being able to make any bigger purchases. To me, it's just not worth it to put 20, 30, or even 100 dollars into a coin like BTC (something I don't even hold, and never really had much of in the past) or ETH, or even the smaller guys like ADA or Solana. I will get back into those again when I have more money to spend but right now, I am looking at small-cap gems that could go big within the short term, rather than at big-cap buys that will make me 20 dollars in the next bull run.
These past two years or so, I've spent numerous hours of my time watching the big guns on YouTube make their crypto predictions. I should know better really. Out of a handful of those, there are only 2 that actually come with news that's worth something and not just a pump to fill their own pockets.
I woke up to the fact that all the way back in 2016-2017 I didn't need anyone to tell me where to put my money. I just researched like crazy and followed my gut feeling. It more often than not paid off. I used to be good at picking winners all the way at the beginning of my crypto 'career' LOL. So why not do that?
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My Observation
There's one observation I made these past few weeks, and that is that even though the crypto markets are far from stable, and see more red than green these past few months, the little guys who are sticking their heads up, seem to be holding quite well.
In particular, the so-called 'Meme coins' pop up out of the blue like mushrooms in Autumn, and most of them get a good run in before they either stick around for the long run or disappear into oblivion. Either way, if I was to put 10 Dollars into every single one of them, I think I'd come out with a profit. However, I don't want to just throw my money around willy-nilly, and actually try the more 'safe' approach this time around.
So when I was diving deep into the meme-coin SUZUME (which I wrote about yesterday) I also stumbled upon this little beast of a token. Well, two actually.
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Spiral & Polaris
I found Spiral by reading all the Twitter posts of people who also invested in Suzume. I saw that there were quite a few big buys so I investigated a bit further. Turns out: not a meme coin. Not a shit coin either! So what is it exactly? To find out more about it, it would be wise to dive into their social posts a bit further. You can find Spiral's Twitter account here, the Spiral Developer's account here, and their Medium account here with the token details. But I will break some of it down for you in simple terms.
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What is Spiral?
By buying and staking Spiral, you'll have access to its InSpire Launchpad. The first launchpad has already come and passed with the launch of its native token Polaris (PLRS). Those who bought and staked larger amounts of Spiral, had the choice to burn a percentage of those, which in turn would give them access to one of more phases of the Polaris pre-sale. I was just in time, however, I only bought a small amount so didn't have anything to burn. When the Polaris token went into public sale, I managed to get a few for $0.35. Now they're around $1.60. Not bad.
But I'm not selling those just yet.
These are some of the words from the developer:
If you stake Spiral, you will earn rewards in the form of the launchpad tokens, as well as USDC. So right now, I am receiving Polaris tokens and USDC rewards. Pretty neat huh?
Conclusion
Now, there is so much more to learn and know about this project. But it's too complicated to explain it all. Plus I wouldn't even be able to. Some of these things go way over my head, especially the maths of it all haha. But I feel it's a nice way to earn other tokens, as well as USDC. My motto is: Just let it sit there and forget about it to see where this baby takes us.
The InSpire Incubator Fund
Aside from a launchpad, there is also the Incubator fund which will help creative minds to further their ideas. Please find more info about this on the UpSpiral Website.
I feel it's a very promising project, with a dev who knows what he's doing. He's brought something quite unique to crypto space, and therefore, I was willing to risk a small amount of money in order to potentially gain much more than what I put into it. The price of Polaris will probably go down in the near future, since the news of it all will become old news soon. Nevertheless, I only hold 22 Polaris at this point, which I bought for less than $8.00 so not a great loss even if it would come down. I'm really in it for Spiral, and the InSpire launchpad. I believe that's where the real opportunities lie.
More information about Polaris can be found here
More information about Spiral and the launch of Polaris? Check here.
Find out more about the launchpad & Incubator on the UpSpiral website here.
Disclaimer: This is not financial advice. As with everything else, do your own research before buying into anything.
*As an affiliate with ledger, I receive a percentage of the sales generated through this link
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