Thread
The NFT Market is going through a challenging time, and "Blur Halving" is around the corner.
What could we expect from it? 🤔
🧵 (1/14)
What could we expect from it? 🤔
🧵 (1/14)
Recently, @waleswoosh wrote a great thread on this.
He explains how "Blur Halving" could significantly impact the NFT market.
Today I'll discuss:
Pros and Cons and how traders can benefit or avoid risk.
Let's dive in👇
(2/14)
He explains how "Blur Halving" could significantly impact the NFT market.
Today I'll discuss:
Pros and Cons and how traders can benefit or avoid risk.
Let's dive in👇
(2/14)
The time of double buying points on @blur_io will end on May 1st, which is less than 7 days away.
This means fewer rewards for bids placed, likely leading to reduced volume, bid numbers, and floor support.
This decline might affect NFT prices.
(3/14)
This means fewer rewards for bids placed, likely leading to reduced volume, bid numbers, and floor support.
This decline might affect NFT prices.
(3/14)
For those who don’t know, before #Blur Season 1 ended, NFT floor prices dropped significantly.
While the $BLUR Airdrop briefly increased prices, this time won’t be the same.
With decreasing bidding points, volume and floor support may decline.
(4/14)
While the $BLUR Airdrop briefly increased prices, this time won’t be the same.
With decreasing bidding points, volume and floor support may decline.
(4/14)
Is there a bright side to this? 🤔
"Blur Halving" may offer NFTs at lower pricing.
As the market adjusts, traders can identify undervalued projects or trends and potentially profit from price fluctuations.
It’s important to have a plan.
(5/14)
"Blur Halving" may offer NFTs at lower pricing.
As the market adjusts, traders can identify undervalued projects or trends and potentially profit from price fluctuations.
It’s important to have a plan.
(5/14)
However, NFT projects that depend on Blur Bid support might face difficulties.
Floor prices could go down, and short-term traders may experience losses.
Projects with more organic sales, like @Azuki, could be less affected.
(6/14)
Floor prices could go down, and short-term traders may experience losses.
Projects with more organic sales, like @Azuki, could be less affected.
(6/14)
To spot the end of a floor price drop, monitor Blur's TVL (Total Value Locked).
Stable TVL suggests floor prices may stabilize, providing traders with an opportunity to enter the market.
@NFTNics explains this in depth👇
(7/14)
Stable TVL suggests floor prices may stabilize, providing traders with an opportunity to enter the market.
@NFTNics explains this in depth👇
(7/14)
Once you spot TVL and $ETH prices stabilize, consider investing in projects with promising long-term potential, like:
🔸 @BoredApeYC
🔸 @Azuki
🔸 @DeGodsNFT
You may sell them at higher prices when the market recovers.
No financial advice, and DYOR.
(8/14)
🔸 @BoredApeYC
🔸 @Azuki
🔸 @DeGodsNFT
You may sell them at higher prices when the market recovers.
No financial advice, and DYOR.
(8/14)
NFTs are evolving, and strong projects are building brands, businesses, and providing utility.
These projects endure short-term fluctuations in markets better than hype-driven ones.
However, the Bear Market is unpredictable, and few are worth it.
(9/14)
These projects endure short-term fluctuations in markets better than hype-driven ones.
However, the Bear Market is unpredictable, and few are worth it.
(9/14)
Remember:
👉 Speculation, short-term thinking, and greed are not sustainable.
Focus on projects with long-term value, community, and utility to navigate through market fluctuations.
(10/14)
👉 Speculation, short-term thinking, and greed are not sustainable.
Focus on projects with long-term value, community, and utility to navigate through market fluctuations.
(10/14)
"@blur_io Halving" is an interesting event in the #NFT Market.
It might cause price volatility and affect short-term traders.
But it may also present opportunities for investors who can identify undervalued projects or spot trends.
(11/14)
It might cause price volatility and affect short-term traders.
But it may also present opportunities for investors who can identify undervalued projects or spot trends.
(11/14)
The NFT market is still relatively new.
That’s why events like this one can help mature the market and encourage collectors to focus on projects with:
🔸 Long-term value
🔸 Strong communities
🔸 Utility
(12/14)
That’s why events like this one can help mature the market and encourage collectors to focus on projects with:
🔸 Long-term value
🔸 Strong communities
🔸 Utility
(12/14)
I think it is crucial for traders to stay informed, do research, and invest cautiously.
The Blur Halving will test the #NFT market, projects, and traders.
Those who can adapt and make informed decisions are more likely to succeed in the long run.
(13/14)
The Blur Halving will test the #NFT market, projects, and traders.
Those who can adapt and make informed decisions are more likely to succeed in the long run.
(13/14)
In conclusion:
Even if "Blur Halving" and other circumstances like ETH correction and bearish trends may impact NFT prices.
Strong communities, new initiatives, and adoption are favorable.
Stay aware and take caution to mitigate risks.
(14/14)
Even if "Blur Halving" and other circumstances like ETH correction and bearish trends may impact NFT prices.
Strong communities, new initiatives, and adoption are favorable.
Stay aware and take caution to mitigate risks.
(14/14)
What are your thoughts on the upcoming Blur Halving? 🤔
Share your opinions with me.
Consider Retweeting and Liking it so more people in the space can learn about this. 💜
Follow me at @kouk_web3 for more NFT insights.
See you at the next one! 🫡
Share your opinions with me.
Consider Retweeting and Liking it so more people in the space can learn about this. 💜
Follow me at @kouk_web3 for more NFT insights.
See you at the next one! 🫡
