Thread on NFT's and $SOL
"Back during the 1849 California Gold Rush, few prospectors struck it rich. Most of the people who made money back then were those who โsold shovelsโ
NFT's currently are bringing people to crypto at an increasing rate and that imo is likely to continue
"Back during the 1849 California Gold Rush, few prospectors struck it rich. Most of the people who made money back then were those who โsold shovelsโ
NFT's currently are bringing people to crypto at an increasing rate and that imo is likely to continue
NFT's are something people can relate to from any culture, bc they can be used for Music, art, memes, games, you name it. Right now however most NFT's are on top of $ETH. But what have we seen? The same issues that always arise, high gas.
When .@DegenApeAcademy launched on $SOL a light bulb went off for me. The cost is around $0.01c to mint as opposed to thousands and we saw something like this take place with $BNB over the summer on BSC chain. New people will migrate to things that are faster, cheaper, + easier
The very first day has already had over 200k SOL traded not even 24 hours in. imagine what happens when 10-20-30-50-100 NFT's launch a day on Solana? A huge driving force and the Solana devs actually helped w/ the launch. That is bullish!
There are barely any notable NFT projects if any on SOL, but what happens as the market begins to shift? The demand for SOL will drive prices up to new highs and looking at the chart it's primed for price discovery.
SOL is going to be the fuel for the NFT marketplace as it migrates to be more efficient. Right now it's volume on Solanart is nothing compared to OpenSea but that is likely to change in the very near future.
You can dig for gold in NFT's or you can sell the shovels. The shovels being SOL. If we continue to see the NFT space grow, and we will as it's in a nascent stage. SOL is primed to take a key chunk of that market and makes it a great bet for the long term
#SolanaSummer is coming imo. The beauty is you don't have to understand or even like NFT's. You just have to know that the masses that do, will need Sol
You have to be 1 step ahead of the other players. Would I buy SOL here? No. It's steal between $46-50 imo though
You have to be 1 step ahead of the other players. Would I buy SOL here? No. It's steal between $46-50 imo though
Now the charts
Sol is ready for ATH's and price discovery. It's about to have it's highest weekly close ever, and flip those range highs to support. Nothing but clear space ahead and plenty of things to fuel it.
Sol is ready for ATH's and price discovery. It's about to have it's highest weekly close ever, and flip those range highs to support. Nothing but clear space ahead and plenty of things to fuel it.
In conclusion. The FA+ TA is setting up for an explosive price discovery opportunity to trade and one that can be fueled by NFT's and projects launching on SOL. It's ready imo and a no brainer. Imo the most bullish asset in the space right now. Make the switch before the crowd.
Loading suggestions...