NFT Price Floor
NFT Price Floor
23h ago
ETH+0.80%
BTC+0.80%
SOL+0.92%
Interesting debate on how NFT strategies are impacting collection performance 🧐 Looking at the last 90D (to filter short-term noise) 👇 🟩Most Top 100 collections are down in both ETH and USD 🟩Among the few outperformers, a large share have a strategy attached 1/4
- Moonbirds are 🆙 +63-72% - Meebits are 🆙 +18-25% - GVC are 🆙 +26-32% - Chimpers are 🆙 +17-23% - Goblintown are 🆙 +28-34% - GLHFers are 🆙 +114-127% 2/4
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Of course there’s no perfect correlation: 🟩 Max Pain is flat 🟩 Punks, BAYC, Pudgys, CrypToadz and Checks are down in line with the broader market 🟩SquiggleStrategy had a bug - while Squiggles are down in line with the broader market, the bug pushed the prices of the other Day 0 AB collections (Genesis and Construction Token) up +184% to +252% 3/4
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Based on the data, the positive effects seem to outweigh the negatives 👇 - Out of 14 strategies, only 6 showed negative price action over the last 90 days. - Those collections are down roughly in line with the broader market, so it’s hard to attribute that entirely to the strategies. - Also worth noting: one of those 6 is Squiggles, which was affected by an arbitrage bug. Shoutout to @HoenigwasRIGHT for the inspiration with his original post FIN
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