Thread by NFTstatistics.eth
- Tweet
- Apr 27, 2022
- #Non-FungibleToken
Thread
I've posted on many NFT themes lately (blue chip outperformance, companion drops, NFT momentum) and wanted to consolidate the posts into a thread! More to come.
๐งต๐
๐งต๐
1) Large-caps outperforming mid-caps. The 2-4 ETH sets have struggled as ETH has gone to blue chips and newer plays.
2) Within large-caps, it's been top-5 projects or bust.
3) Too much supply of new projects, and lots of high-volume pumping & dumping.
4) This market is so new we don't even know what good teams should focus on. This tweet was my stab at it
5) NFTs are momentum assets. Buying into rallies has worked much better than buying dips.
6) Companion drops were amazing for BAYC in 2021, but now everyone is doing it. Only a few are successfully adding value.
7) Utility is replacing collectability & provenance. First tweet was a joke but the second chart was frighteningly similar.
8) Yuga's ability to turn anything into gold.
Mentions
See All
riddles.eth @ethernaz
ยท
May 29, 2022
This shit is a must read