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Nft

Non-Fungible Token (NFT)Hi traders – I hope you all are doing well despite bear 🐻 It’s been a while since my last post but as NFT topic is largely uncovered in TradingView I thought that I will put something together. I have been learning about this area in past months and here are my findings. I divided my writing into three chapters: 1) Research 2) Gaming and NFTs 3) CryptoWalkers This way it’s more structured and easier to read. 1. Research For last 6 months I have been researching NFT space and some of my conclusions are following: NFTs can have basically unlimited use cases from music to land ownership NFTs are here to stay and will become an asset class with very high market capitalization Many well-known companies have shown their interest for NFTs Can expect a lot of innovation in this sector There are opportunities for investors/traders Coinbase CEO Brian Armstrong said to Bloomberg: „The market for non-fungible tokens could rival or even be larger than the company’s cryptocurrency business.“ (10.11.2021) I don’t know if that’s the case but there are definitely big potential in NFTs. According to CoinMarketCap, total Crypto market capitalization is $1.27 Trillion and NFTs total market capitalization is $11,4 Billion (30.05.2022). This makes NFT market capitalization 0.9% of total Crypto industry. These numbers show that we are still very early. During my research I have: Deep dived into discord servers (every NFT project has their own server). I have been active there – asking questions and made suggestions. Fun thing about that is you generally don’t know if you are speaking with 15 year old youngster or 60 year old elder. Minted NFTs Bought and sold NFTs on secondary markets Invested into failed projects To me investing into NFT projects is very similar to investing into startups – you invest mainly into founders & team. Idea is also important – as well ability to make changes when something is not working. Also keep in mind that many startups fail, I guess that this number will be even higher in NFTs. Before bear market there was extreme hype around NFT sector and you could basically draw a cow in Microsoft paint and sell it for 3 ETH if you were a good marketer. This is not the case anymore. Currently sometimes even good projects are struggling to sell out. Generally I believe that bear market is good for the NFT ecosystem. It will clear up some air and weak projects will fail. As famous investor Warren Buffett said: „Only when the tide goes out do you find out who’s been swimming naked.“ Strong projects will make it because they keep building and this gives better foundation to new market cycle. This will also educate investors because at some point when investor had a whitelist spot for minting event, it meant basically guaranteed profit. Markets can’t run like this forever. I mean you can still make money trading NFTs but it’s much harder with these market conditions and more work needs to be done. Here is little overview about different NFT categories (although sometimes it is difficult to classify them): For example sometimes NFT belongs into multiple categories, like PFP (Profile Picture) project with P2E (Play-to-Earn) mechanics. I believe in time these categories will be more precise as whole NFT market evolves. One of the most interesting area is blockchain gaming. This topic is nicely explained in Gemini's article and I copied it here (full link below). 2. Gaming and NFTs While the global gaming industry continues to grow across all markets, it remains structured in a way that primarily benefits game developers and perpetuates a one-directional flow of value where players spend money to unlock access to in-game assets and gameplay configurations. In contrast, blockchain-built games and decentralized applications (dApps) enable players to capture the utility and value of in-game purchases and asset acquisitions more effectively. Blockchain technology in gaming is driven by non-fungible tokens (NFTs), digital assets that represent in-game content. These tokens are unique, rare, and indivisible, while the blockchain networks that underpin NFTs facilitate player ownership, provable scarcity, interoperability, and immutability. Together, these advantages have the potential to drive mainstream adoption and a far more equitable value model. Although the adoption of NFTs in the gaming world comes with benefits, it also presents significant obstacles to overcome. Most notably, NFTs need to be made more appealing and intuitive to mainstream consumers who might not be technically oriented. And because NFTs possess intrinsic value, there's a risk that some will be used predominantly as speculative assets. This potentiality could motivate players to purchase in-game assets with the hope of selling them for future profit instead of using the assets within the gaming ecosystem as intended. Despite these challenges, the potential for profit within the gaming industry will motivate more non-blockchain-focused brands to experiment with NFTs, likely by forming partnerships with third-party blockchain projects that have the technical expertise needed to bring their vision to life. Simultaneously, the broader success of gaming dApps will likely play a role in further catalyzing NFT infrastructure improvements and drive the development of innovative solutions that unlock mainstream adoption. Read full article here: www.gemini.com 3. CryptoWalkers Cryptowalkers is unique collection of fully rigged 3D walking characters aimed to live in the Metaverse. All characters come with full bodies (and custom 3D backgrounds) to be used by it’s owners in various Metaverse environments. One of the main goals of this project is to develop P2E shooter game and it should be launching at February 2023 (dates can change, especially in Crypto but this is rough estimate). Development is well underway and team has released some video clips from the game - this is one of the most advanced blockchain based P2E game I have seen so far. I think that NFTs, P2E and Metaverse will become big things in Crypto. Despite being still early there are signs that this one will become one of the top players in the near future. I have been part of their community since their minting event (December 2021) and feel very bullish on this project. I'm mostly impressed how professionally this one is managed. Capable team is key to success and here we have one of those teams. They started with zero (0!) marketing budget but this little thing did not disturbed them. They managed to build a strong community within short time-frame. When team is able to do things with limited resources then you could imagine what will start to happen when there is some money backing their vision. In February Outlier Ventures joined as an investor and strategic partner. After that there are basically no closed doors for them. As I mentioned before, it is wise to invest into strong teams. This is especially true in bear market. Secondly, I believe that these CryptoWalkers have some X-factor that I can't describe. It's the same factor that separates great songs from good ones. To be honest, when I first saw them then they seemed little weird to me 😀 Now I really like those Walkers... X-factor is working. Here is chart of CryptoWalkers price movement (nftgo.io) Current floor price is 0.18 ETH. Highest floor price was 0.5 ETH (02.02.2022). Current entry is more than 50% below that. Due to market conditions there is possibility to enter cheaply. I think that this could be very good holding if trader wants some exposure in NFT sector. CryptoWalkers website is: cryptowalkers.io As always, DYOR! Thank you and have a nice day. Cheers.
Education
by Laurentsius
46
$ENS/USDT 3h (#BinanceFutures) Falling broadening wedge breakoutEthereumNameService just regained 100EMA support and looks good for short-term recovery, probably after a last dip! Current Price= 12.964 Buy Entry= 12.702 - 11.530 Take Profit= 15.409 | 18.184 | 20.961 Stop Loss= 9.472 Risk/Reward= 1:1.25 | 1:2.3 | 1:3.35 Expected Profit= +27.18% | +50.08% | +73.00% Possible Loss= -21.82% Fib. Retracement= 0.559 | 0.702 | 0.786 Margin Leverage= 1x Estimated Gain-time= 2 weeks Tags: #ENS #ENSUSDT #DNS #Domain #Web3 #DAO #Governance #NFT #DeFi #SolEco Websites: ens.domains ens.mirror.xyz Contracts: #ERC20 0xC18360217D8F7Ab5e7c516566761Ea12Ce7F9D72 #SPL CLQsDGoGibdNPnVCFp8BAsN2unvyvb41Jd5USYwAnzAg
Long
by TradingOn
2
$GST/USDT 4h (#KuCoin) Descending channel breakout⚡️⚡️ #GST/USDT ⚡️⚡️ Exchanges: KuCoin, Huobi.pro, FTX Signal Type: Regular Current Price: 2.9169 Entry Zone: 2.9204 - 2.6784 Take-Profit Targets: 1) 3.4039 2) 3.9359 3) 4.6198 Stop Targets: 1) 2.2919 Published By: @Zblaba Green Satoshi Token is trying to regain 50MA which would initiate a nice recovery! Risk/Reward= 1:1.2 | 1:2.25 | 1:3.6 Expected Profit= +21.63% | +40.64% | +65.8% Possible Loss= -18.10% Fib. Retracement= 0.382 | 0.5 | 0.618 Margin Leverage= 1x Estimated Gain-time= 2 weeks Tags: #GSTUSDT #STEPN #NFT #Metaverse #M2E #Social #App #Gaming #GMT #BSC #SolEco Website: stepn.com Contracts: #BEP20 0x4a2c860cEC6471b9F5F5a336eB4F38bb21683c98 #SPL AFbX8oGjGpmVFywbVouvhQSRmiW2aR1mohfahi4Y2AdB
Long
by TradingOn
6
XMRUSDT (MONERO) Daily TA : 05.26.22If you're in profit you can close 50% of your position and just leave the rest of it for more gain . If price can break this resistance the nexty target will be $ 265 . Follow us for more analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 05.26.2022 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
XLong
by ArmanShabanTrading
6
$CHZ/BTC 3D (#BinanceSpot) Falling wedge breakout and retestChiliz is showing some bullish strength after regaining 200MA, a bounce back to 50MA would make sense. Current Price= 0.00000479 Buy Entry= 0.00000480 - 0.00000436 Take Profit= 0.00000595 | 0.00000742 | 0.00000870 Stop Loss= 0.00000360 Risk/Reward= 1:1.4 | 1:2.9 | 1:4.2 Expected Profit= +29.92% | +62.02% | +89.97% Possible Loss= -21.40% Fib. Retracement= 0.382 | 0.618 | 0.786 Margin Leverage= 1x Estimated Gain-time= 6 months Tags: #CHZ #CHZBTC #Socios #FanToken #Sport #eSport #CEx #BC #NFT #Payment Websites: chiliz.com chiliz.net socios.com Contracts: #ChilizChain CHZ-ED #ERC20 0x3506424f91fd33084466f402d5d97f05f8e3b4af #BEP2 CHZ-ECD
Long
by TradingOn
2
NFT's on-chain long. A revival to be ridden? I am no NFT experts and quite frankly I have less than 1% exposure to them. However, I bought my profile picture months ago and the last 3 days I have been noticing a lot of offers to buy it. A lot of these offers are clearly bots. This tells me someone is scooping the floor of certain collections on insider information. Zunks is the one I chose to further analyze here. using Nansen, we can see that the bottoms are being sniped, floor is rising and number of transactions is increasing. On twitter a lot of chatter going on over them being the potential next Azuki due to a creator link to them. Given these unusual movements in Zunks and a number of other high volume collections. I feel like there is a high probability the NFT aggregate will move upwards in the coming days/weeks. Bear in mind the NFT market is the most manipulated. But manipulation is also something we can make profit off. #ZUNKSFORTHEWIN #1000NFTLONGFTW #LONNNG #
1Long
by TheBitcoinGeneration
1
ape usdthi guuuyz After seeing the pattern of the cup and handle of this currency, it was able to show a good recovery. Static resistance is also available at $ 10, which is confirmed by Fibonacci lines. But at $ 8, we also see relatively strong support. If we lose this support, we will see prices of $ 4 and below in the coming days But if the $ 10 resistance is broken, we will see the price return to the $ 11 range and a bit higher We can also see the pattern of the cup at high time, which can help break the resistance The channel created in this template can be a confirmation of this This channel consists of dynamic support and resistance We also need to influence the fundamental news in this currency One of the important news is that Instagram will join NFT
by aliasadii
MANA MACRO ANALYSIS - (DECENTRALAND)Happy New Month Everyone. We will be looking at MANA/USDT today. In our past analysis we managed to predict the drop on mana and identified areas to get into a long position, however price missed by a few digits (need to learn to market buy more often). Today we will have another go at longing mana. As you know the last analysis was based off the First Wave Extension Theory which still remains the same. You can read up on the previous analysis for more details: Current Analysis: Not much to explain really. Judging by the chart above, we can expect price to make new ath's this year around early July to September depending on how Bitcoin & Ethereum behave in weeks to come. Longest duration for price to peak was the 1st wave which having the highest %growth makes sense, followed by a correction of -77%. Wave 3&4 have had similar timeframes to conclude their tops and bottoms, as well as -70%+ corrections, so we can expect the same for wave 5. PS: I was expecting a drop to the 1.6 region in January with 1.3 being the worst case scenario, try and keep that in mind and remain on guard. Other than that, I'm happy to average in at these prices. If you agree pls leave a like and share your views as well in the comments. Feedback is always appreciated.
Long
by RektMyMom
1
ape usdtUsually, such currencies are not analyzable due to the large amount of dedicated capital and are dependent on margins and other currencies. But if we want to examine the current situation, we see a pattern of falling flags. Confirmation of this pattern will be by forming an e wave. My personal view is that the sales volume of this currency is increasing because the supply is increasing. And psychologically, new buyers will start buying again at a price of 11 dollars. Of course, this is a personal opinion and in the current situation, anything can be changed
Short
by aliasadii
1
APE/USDT hit our target!Hey Colleagues, Today we reach one of our scenarios where price got to $10.7. From here we are now filling our bags with APE. Market i oversold so now we think it is good time to buy in. Our targets is $14-18 and stop is near $8.2 "Buy when everyone is scared and sell when everyone is buying" Our expectations are that it will hold $13 (where is can fall to $12.5) zone after what it should bounce right up. If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Long
by SwallowAcademy
4
APECOIN, FROM NORTH WITH A MASSIVE FALL TO SOUTHAPECOIN has ran out of the steroid that took it to the north by BULLS. This asset rallied up from around $11 and it is now back to about $11. Looking at the descending channel on my analysis, I feel APECOIN will drop to $11 once again and the circle will then complete. QUESTIONS: 1. Will $11 be the support level to prevent this asset from falling further? 2. Will it reverse after hitting the support TL of the channel? 3. Is the fall over? KINDLY: Share your thought, comment and PLS KINDLY LIKE AND FOLLOW.
Short
by ForexClinik
7