Not the best week for Solana NFTs
Mad Lads down 23%
SMB Gen2 down 23%
Tensorians down 14%
Degen Ape Academy down 12%
Claynos down 10%
Jeo Bodens down 23%
BoDoggos down 14%
Anytime someone shits on you for investing in micros caps or high risk/high reward projects remind them that $LUNA was once a top 10 coin & FTX was once the second largest exchange
Nothing in this market is stable. It is simply educated gambling. If you donβt like that, leave.
Memecoins might be to this cycle what ICOs were for the 2017 run, and NFTs were for the 2021 run.
Two (generous) views:
1. They're a more honest version of ICOs
2. They're a more democratic version of NFTs
Here's why π§΅
You have people who sold their azukis otw down and feeling sad they don't have anymore exposure to azuki.
You have new market entrants who saw the dip as an opportunity of a lifetime.
You have people fomoing back in who sold.
You have a community who's even more bullish on azuki