As mentioned in my previous post, regarding branding projects, we are seeing a shift of interest in the current NFT meta.
Previous post: [CLICK HERE]As we all have seen, there has been a big influx in volume going into A/B-tier branding NFT projects on Solana. This has caused other projects, that primarily focus on utility, to not move or even go down in floor value. With another alpha branding project over the horizon - The Bastards - I don't see the volume stopping anytime soon. However, if certain hyped projects don't launch within this volume surge window, we might be going back into the dreaded NFT bear market sooner than we thought. Therefore, NFA, I would take this into account and start taking profits where necessary and begin to look beyond this current slight euphoric feeling.
I am suggesting, that you begin to sell to cover initial costs and ride the current wave we are in. Then, start looking at projects that have fallen way below their intrinsic floor value - I will have a list out of these projects in the near future. Tight-knit communities have taken a little hit recently, and I can see these picking up when more hyped mints are around the corner - due to presale and whitelist availability to holders.
Lastly, I want to make you all aware of the current Solana NFT loaning situation. We are, again, seeing high LTFs on certain collections and things could start to become very deadly. Keep an eye on current loaning LTFs and when a large portion of loaning / borrowing end. If we are seeing floors drop - even by 10% - I would be careful with what NFTs are are holding.
This is just a quick post to address the current NFT environment and that it might be a good time to take those profits! Have a good week everyone ❤️