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dontfeedwolf ⛩️ pfp
dontfeedwolf ⛩️
@wolf
Keep in mind the $APE drop happened as Ethereum, Bitcoin and the crypto market were already in a downtrend - NFTs were lagging behind this and everyone only realized after the euphoria of Otherdeeds sale ended and eventually everything followed the downtrend to its cycle bottom
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dontfeedwolf ⛩️ pfp
dontfeedwolf ⛩️
@wolf
$MEME is a more interesting case study as it happened during the bear, it took awhile to hit its highs and it came down but it now has room to run with the rest of the market as we enter a bull cycle and make new highs (starting with the larger caps first) So curious when $ANIME drops. Also will there be sinks / use
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dontfeedwolf ⛩️ pfp
dontfeedwolf ⛩️
@wolf
If there is use cases and sinks and or incentives to hold / stake beyond just staking, like real use cases it can be interesting. Regardless we should be mindful of the large caps and market cycles. When bitcoin and Ethereum make new highs and then price discover and deep in stages of euphoria, I’d be concerned
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Joules | thisisjoules.eth pfp
Joules | thisisjoules.eth
@thisisjoules
Great point! Will definitely be an INTERESTING time this bull run.
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