Tat Thang
Tat Thang
ETH+6.04%
TRUMP+5.46%
What factors are used to determine NFT szn? - Marketcap (needs to grow 4x more to return to peak) - Volume ($10M in the past 24h, for comparison, $TRUMP volume in the past 24h was $390M) - New collections weekly (almost none currently) - FP of old collections increasing (only a few collections increased more than 10% in the past 7D) I believe that if we continue to witness another NFT season, it will be very different from before, similar to this season's Alt season. Growth will focus only on collections that have truly proven their value. Those that have survived through the Bear market, still have strong community support, and have built unique selling points. We can easily see a few prominent names that continue to build with IP, products, and vision to onboard Web2 users. They will be the backbone of current NFTs, and the upcoming NFT season will revolve around them.
wale.moca 🐳
wale.moca 🐳
A lot of people are commenting "NFT szn". If you look at the total NFT market cap, you see some recovery from the bottom, but we're still in the same range since 2023. I think the reason it feels different is that the recent uptrend is concentrated in a few collections - so the total market cap is no longer a good indicator of how the NFT sector is doing. The market cap of Pudgy Penguins did a 3x in the last three months. For Moonbirds, it was a 9x. CryptoPunks did a 2x, adding $800M USD to the total NFT market cap. The next "NFT bull market" will likely not be a broad one with everything pumping. Instead, we might see the few existing collections that have been building / are still relevant doing super well. I even think we gonna see new ATHs because all the energy will be focused on them. Also can’t neglect the impact of ETH/USD on this chat
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