NFTs ARE CRASHING (do this now!)
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The NFT market is down pretty bad, much like crypto and stocks, but I believe the worst is yet to come. Yes, I think the NFT market could possibly crash in the next few months and there’s a few reasons why.
Well as individual investors in the NFT market get more and more experienced in the space, they start to mature. They make smarter decisions, get more aggressive with taking profits, and are much less likely to FOMO into bad projects for fear of missing the train. When you have just a few million investors total in the space, it makes it a bit quicker for the whole market to mature after just a few months.
Well, what we saw in January was the absolute pico top of the NFT market history so far. It was completely unlike now, which has slower growth and a more mature market. So lets look at January to see what caused that perfect storm of explosive volume, and then we can see what factors from that time lead me to believe we’re in for a rough patch in the next few months.
One of the most critical factors in that perfect January storm is that the explosive inflow of new traders allowed the small amount of mature investors in January to dump their WL mints and NFT bags onto the new buyers in the space that were amped up on fear of missing out. In other words, the exit liquidity for potentially over inflated prices was abundant. This is why you saw things like HAPE BEAST have an 8eth floor right after mint, to what is now a 0.65 eth floor. Literally 10x less valuable than it was if you bought within the first week of the mint. And that’s just one example of hype, fomo, and naive traders pumping floor prices well beyond their reasonable value.
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Giveaway rules: https://help.ftx.us/hc/en-us/articles/6202691730071-NFT-Giveaway-by-Matt-s-Crypto
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This is Matt’s Crypto where we talk about money, cryptocurrency, NFTs and how to invest! Bitcoin, Ethereum, Cardano, Solana, alt coins, and cryptocurrency. Every video we look at the best NFTs on Opensea (Ethereum blockchain), or Solana NFTs. If you want to learn about how you can put your money to work earning passive income, or find the next big NFT to buy please consider subscribing!
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PLEASE NOTE — I AM NOT A LICENSED PROFESSIONAL NOR INVESTMENT ADVISOR.
All of my content, including but not limited to, my cryptocurrency videos, streams, investments, stocks, strategies, and top NFTs videos are for entertainment purposes only, reflect only my personal views, ideas, and opinions, and should not be construed as personal investment advice. While the information is believed to be accurate, it may include errors, inaccuracies, or omissions. No representations or warranties are made in connection therewith and you should never take any of this information as guidance for buying or selling any type of investment. Nothing herein or therein shall be construed to be financial, legal, or tax advice. Purchasing cryptocurrencies, NFTs, or stocks can be highly speculative and pose considerable risk of loss of your entire investment. You should always conduct your own due diligence and seek the advice and/or counsel of qualified and licensed professionals and advisors. I will not and cannot be held liable for any actions you take as a result of viewing and/or reading any of my content and/or any losses in connection therewith.
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