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#RandomThoughts
Why is a bear market an excellent time for newcomers (from fiat) to invest in NFTs?
Two factors:
- The blue-chip floor price is becoming more stable even in the bear market.
- The price of ETH reaching an ideal level
Assume purchasing a MAYC with 15 ETH now; the cost is 15 ETH * null,500 = 22,500 USD.
When the global economy recovers well, both the crypto and NFT markets will definitely turn bullish.
Perhaps at that time MAYC will be worth 20 ETH and an ETH will be worth $3,000, making the total worth 60,000 USD, which is a 266% growth.
But of course, this space changes rapidly; nothing is 100% firm.
#BAYC #MAYC #Otherdeed #CryptoPunks #MeeBits #Azuki #CloneX #Doodles
#NFA #Crypto #NFTs #Web3 #DYOR
Collect if you couldn't agree more 馃槉
Learned about basic fundamentals and features of @LensProtocol on the @orbapp.lens app, and got a dope NFT 馃尶
#orb #orbapp #orbsbt
Learned about basic fundamentals of Non-Fungible Token (NFT) on @orbapp.lens app, and also got a sick NFT 馃ぉ
#orb #orbapp #orbsbt
What's your favorite NFTs that floor price currently below 1 Ether and going to become blue chips?