CURRENT MARKET CONDITIONS AND ANAYLYSIS

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🧵 THREAD on CURRENT MARKET and ANALYSIS 🧵 Before moving on to the next mint plan, I wanted to share my perspective / thoughts on the market conditions as well as my bets to go through it ! NFA ofc as this is a really personal perspective 🙏 (1/18)

The current NFT market is down, there is no doubt about that either in terms of interest (google trend) ... (2/18)

... or in terms of sales volume and unique buyers We're down in volume to levels we haven't seen since end October or early December cc @cryptoslamio

(3/18)

And the interesting confirmation is that we've spread liquidity on tons of projects and collections launched since end-December, with 20+ projects launched per day, impacting the average sale price. (You see where I'm going 👀) (4/18)

So these market conditions require extra caution to protect your liquidity, I learnt it the hard way in Oct-Nov As -there will still be moonshots -crazy deals on bullish projects will arrive -you want to be there when bull run restarts and it will not announce itself ! (5/18)

To summarize, this period is what makes you change scale or not in terms of wealth. Everything is easy during a bull run as most mints are above floor price on listing and there are pumps every week. So I'm trying to be in the very few succeeding in that period (6/18)

Therefore my first move has been to cut exposure to all projects with unbacked staking. Indeed we have too much liquidity locked in staking on poor projects to get random tokens in the wallet. (7/18)

These projects generate token $X when you stake your NFTs which you can then trade for USDC or SOL This has been praised everywhere with the famous "passive income" but the issue is that 99% of these tokens are only backed by secondary royalties (and few with LP farming) (8/18)

How many tweets have you seen with "My NFT brings me an average 10$ per day, this is crazy !" XD Indeed it's great during a bull run with token liquidity fueled by secondary royalties But as soon as the volume crashes, the liquidity to trade the token dumps drastically (9/18)

... and you get stuck with low NFT price and even lower token price, waiting for the next bull run to arrive. So protect your liquidity first and shift your wallet if needed. I'm doing it now with a few bets in mind (10/18)

My plays for the next weeks are on these 3 axes : 1) OG collections 2) Defi / Gamefi collections 3) Metaverses and importable avatars (11/18)

1) OG COLLECTIONS These projects have been here since Sept/Oct and have a massive treasury to develop their roadmap. So bullish on the ones building and delivering ! @DeGodsNFT is the perfect example with a x10 pump in 4 weeks, or @SolsteadsNFT & @famousfoxfed (12/18)

1) OG COLLECTIONS They're also more resistant to a bear market and can be viewed as a safe refuge. There will still be some good deals so I'll dig into projects delivery and closely watch listing of collections like @peskypenguins or @DegenApeAcademy (13/18)

2) DEFI & GAMEFI Got a feeling that the crypto bull run will be led by defi on Solana so I've increased my exposure on this category. They also have staking and token but at least there is a real revenue stream fueling the token and not only secondary royalties! (14/18)

2) DEFI & GAMEFI My top tier projects are @chestfinance @QuantumTraders_ @HawksightCo @honeydefi @Lifinity_io I also include some utility project in that category like @atadia_io @MatricaLabs and @SolluminatiNFT (15/18)

3) METAVERSES Only a couple of metaverses will emerge from Solana and I don't want to miss it ! So I'm also hoding / buying bullish ones with team delivering and well funded like : @YakuCorp @TheSuitesNFT @Botborgs @desolateNFT (16/18)

3) METAVERSES Once metaverses adoption increases, there will be a meta on importable avatars based on your NFT And in that field, few projects are miles ahead like @JellyBeasts_Sol @angomonNFT @forgebots @DegenApeAcademy probably more MT than ST but high R/R (17/18)

I might be completely wrong but at least I'm comfortable with that plan and I hope it will give you food for thoughts ! I'll still share my mint plan, a bit narrowed now 😉 Please feel free to share your thoughts and congrats for having read it this far 😍 Take care (18/18)

You can read the unrolled version of this thread here: typefully.com/Max___Brs/AS4dMWT