Bored Ape Solana Club
BASC is in my opinion, the #1 derivative in SOL ecosystem. I believe the team in charge of the project after being rugged managed to do everything like they should, and results are visible.
FULL ANALYSIS HEREHere you can find projects i analyze and am bullish on. This is NOT financial advice.
Let's start with some facts of the beginning in the history of SOL NFTs you
must know:
• March 2021: The first NFT collection on SOLANA: Kreechures.
• April 2021: Phantom Wallet launches.
• May 2021: First derivative. SolPunks brought ETHEREUM's CryptoPunks to
SOLANA.
• July - September 2021: Beginning of "Blue Chip" NFTs on SOLANA.
• September 2021: Launch of Magic Eden.
• October - December 2021: SMB #1355 sold for $2M USD (13,027 SOL). DeGods
mint.
• November 2021: Utility and Stealth mints. Projects start to bring more
utility.
Source: Magic Eden
Blog
From January to April 2022 it all was just too good to be true for the grand majority of
collections.
SOL NFTs peaked in April-May 2022:
DeGods FP went to 297 SOL ($32K at that time with SOL being around $109), Okay Bears minted
for 1.5 SOL and it ramped through the charts when FP within the first week got to 188 SOL
(around $19K at that time).
The fact is, every new collection did well, they didn't even had to be good (artwise,
utilitywise, etc), volume was there. I remember even SOL infrastructure couldn't handle so
many volume at that time. The whole SOLANA chain had outages many times because of the
transactions volume.
Then, bear market came along with its first big catalyst being Luna-Terra
collapse and that dragged the whole crypto and NFT market with it. We can say with much
certainty that at least 90% of the projects that were alive at that moment, today are gone.
Since then, NFT market kept going in a downtrend, following crypto market itself. A few
projects continued building, new projects were launched, and lots of projects slowly died or
just rugged.
The key here is that some projects continued building. They managed
their funds the best way they could, and kept surviving during the bear market. They are the
"living proof" that some projects in Web3 space are here for the long run and not for the
high instant profits. This projects have one thing in common, and is their
community.
In my opinion, in Web3 space, NO community means NO chance of success. That's why i think
those projects which survived and kept striving, are those which have the most chance of
success in the long term, they proven themselves being resilient, brave,
smart, strategic and with strong communities.
I think effort will pay off and most of these are due to have a very high chance of success
during the next bull market.
You might be wondering why i stated key points that are mostly from
fundamental analysis instead of making a list of things a project
must "check" on the charts to be successful... Of course, technical
analysis on NFT projects is always very helpful and gives us concrete
data which we can use to draw conclusions, but it doesn't give us the full
picture.
TA can also show us if we are getting a good entry or which key levels are the best
to DCA, and FA can help us detecting how organic the growth is, why a collection
gets more volume or know the quality of the leaders a project has.
Do you find my analyses helpful?
You can tip me at this SOLANA network address: 5piaqadJqdYhr2tNr9dp47VjQLPZ1KfQcYCM2DpHjVsr
BASC is in my opinion, the #1 derivative in SOL ecosystem. I believe the team in charge of the project after being rugged managed to do everything like they should, and results are visible.
FULL ANALYSIS HERED3FENDERS is a collection of 2500 NFTs which gives us access to a very simple but super powerful tool, born to help us all navigate through the web3 space and make it a safer place.
FULL ANALYSIS HEREIt started as a manual sniper, but nowadays you can set snipes automatically with the possibility of setting lots of different parameters as rarity and specific traits. One of the first snipers in SOL ecosystem. In my opinion the best "bang for the buck" sniper out there. Last tools launched managed to increase exponencially the sniping power.
FULL ANALYSIS: SOON