Nansen's 7 thoughts on the prospects of the NFT market
Original source: Blockchain data analysis platform Nansen, encrypted KOL NFTstatistics.eth
Original compilation: Ashley, BlockBeats
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1. About the life cycle of NFT
Looking at the historical NFT chart, everything has changed since August , The NFT market has failed to reach the sales volume and number of users in August-September last year. The NFT market has struggled all year to get back to its old levels — if close, but not quite.
2. ETH price and The relationship between the floor price of NFT
The data shows that for most of 2022, the price of ETH and the floor price of NFT are strongly correlated.
3. How does the NFT floor price change
NFT is a momentum asset. If the floor price rose yesterday, there is a greater chance of it rising today. However, NFT floor prices will fall most of the time.
4. Airdrop performance
Yuga's success is hard to replicate.
Compare the recent airdrops Performance: Beanz is 2x because every Azuki holder gets a 2x return.
5. When trading NFT, focus on a specific trading strategy, and conduct a deep review of each transaction
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Some excellent traders, they all have the following characteristics:
1) Sufficient funds, It can guarantee investment liquidity, and you can make crazy bets
2) Regardless of profit or loss, it is fast in and fast out
3) You can find a way to make money most of the time in the market
6. For NFT bear market Overall view: bear market makes you poorer, but also makes you smarter
1) Even if there are NFTs on the market very early, these NFTs are It has only been known and purchased by the public in recent years. Many NFT series will have a hard time going back to their original price.
2) If you want to buy NFT in a value depression, find those teams with capital, vision, and strong belief to survive this bear market .
3) NFTs are FOMO driven, 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 whole 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, they have capital and innovation to promote their long-term development .
8) Write down your experience. A bear market makes you poorer, but it also makes you smarter.
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 possibility of BAYC floor price rising is the probability of ETH rising 2 times.
When the price of ETH fell, the Punk floor price only increased by 21%.
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