Waiting for the three major signals of the "bullback" in the NFT market
According to the data, there are only nearly 40,000 profitable users in the past 7 days, while the loss-making users are as high as 450,000. It can be seen that the market has been in a cold winter. Someone jokingly said: "The essence of NFT is to see a small picture you like, Ctrl C + Ctrl V, do you still want to buy it?" Every round of bull and bear will change a large number of users, and NFT is also experiencing its first bear market.
First of all, we must understand that the NFT market is generally difficult to pick up on its own, and the essence of the so-called plate rotation is the entry of funds. The price of Token can depend on the large economic environment, etc., but for NFT, it has not yet become the investment target of many traditional investors and institutions, and it is difficult to be affected by the traditional financial environment.
Therefore, the recovery signal of NFT depends more on its own "hard power." There are three signals for your reference:
The first point: it is to pay attention to the new actions of the giants and look for benefits.
In the last cycle, the metaverse project became popular. The giants have strong funds, vast resources, and professional team judgment; each of which is enough to push a certain subdivision track to a climax. Moreover, people generally agree that giants are very forward-looking, and it is easier to make profits by following in the footsteps of giants. But sometimes you have to be careful. Giants often manipulate the market by spreading good news. When their funds withdraw early, there will be no signal, and people are easy to realize it later.
The second point: Pay attention to whether there are some epoch-making applications.
If there is a similar application, it will definitely bring a lot of heat, just like the recently launched chain game Matr1x, which has made many users in the circle see the hope of chain games breaking the circle-chain games finally have gameplay, not just 4399 up. However, even if there are applications that break the circle again, we will be surprised by how well the economic model is designed, otherwise the final outcome will be a death spiral, and users will return to "Work to Earn".
The third point: pay attention to the data.
Although the essence of plate rotation is the entry of funds, this happens to be the most important thing; wherever funds flow, there are hot spots, and there will be recovery. Good projects may not fall, but bad projects will not rise - of course, this must exclude some short-term gambling MEME projects.
We may not be able to know a lot of news at the first time, but the data must be the most accurate and truly reflect the market sentiment. In this regard, we can go to some data platforms to keep an eye on some important data indicators, such as: market temperature indicators, number of traders, profit and loss ratio, trading volume of giant whales, etc.; once the data changes, we can spend more Retrieve the reason in time and make a judgment in the first time.
Every bear market is tough, but compared to the "blockchain" that was called a scam by many people five years ago, the current bear market is much gentler - because there are always people building, at least we believe that the bull market will come back, not Doubt the track will disappear.
(Data source: NFTGo)
