Nansen: How do you view the market prospects of NFT?
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2022-06-23 09:38
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The NFT bear market is foggy, what should we do?

Original source: Blockchain data analysis platform Nansen, encrypted KOL NFTstatistics.eth

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1. About the life cycle of NFT

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2. The relationship between the price of ETH and the floor price of NFT

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3. How does the floor price of NFT change?

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4. Airdrop performance

Yuga's success is hard to replicate.

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5. When trading NFT, focus on a specific trading strategy, and conduct an in-depth review of each transaction

Some excellent traders, they all have the following characteristics:

1) The amount of funds is sufficient to ensure investment liquidity, and it is possible to make crazy bets

2) Regardless of profit or loss, it is fast in and fast out

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6. The general view on the NFT bear market: the bear market makes you poorer, but it also makes you smarter

1) Even though NFTs have been on the market for a long time, these NFTs have only been known and purchased by the public in recent years. Many NFT collections will have difficulty returning to their original prices.

2) If you want to buy NFTs that are in a valley of value, find teams that have capital, vision, and strong beliefs to survive this bear market.

3) NFTs are driven by FOMO, so it's hard to make it pop again. Even if you have failed, you are still brave enough to pursue your dreams!

4) I firmly believe that NFT can withstand the impact of the bear market and rebound and carry out ecological reconstruction. But after rebuilding it may be a completely new project.

5) Our favorite teams will also find it easier to start over with a brand new project.

6) For most teams, even very good teams, it is difficult to avoid project failure. When the NFT price of the team is low, the sales volume is low, there is no work to do and a certain amount of cash to maintain the operation of the project, it will be in trouble.

7) I am optimistic about teams like Yuga, Proof, World of Women, CloneX (Nike), Doodles, etc. They have the capital and innovation to promote their long-term development.

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7. In 2022, it is delusional to think that the lower the price of ETH, the lower the floor price of NFT will be

When ETH rises, the probability of BAYC floor price rising is twice that of ETH.

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