$NIO
๐ธ NIO Currently Down 12 Straight Days, on Pace for Record Losing Streak
๐ธWould be lowest close since June 11, 2020, when it closed at $5.91
๐ธCurrently down 14 of the past 15 days
๐ธ Longest losing streak on record (Based on available data back to Sept. 12, 2018)
๐ธ Down 90.52% from its all-time closing high of $62.84 on Feb. 9, 2021
@dcfgod 100%. But, if I understand the protocol mechanism correctly, the earliest people have also farmed the most (proportionate to how much temple they purchased) new supply.
@0xShual@templedao Ha, agreed. But, it'd be likely that grandma would have to work overtime to fund the allocation too ;). On a serious note- Do you think Temple will survive? Good opening ceremony TVL, but project mechanics means fresh $ is continuously needed to grow market cap/exit liquidity
@DeFi_Brian I think $dog can do well, but if there was a private round, investors buying in for a $5M doge NFT purchase would be 16X their money w/ $dog at a 80M market cap.
@DeFi_Brian 1/2 Just catching up to your tweets. Question on $dog - Do you know if pplpleasr did a private round to raise the $5M for the Doge NFT purchase? I ask because the onchain transfers for $dog make it seem like this may have happened.
@DeFi_Brian Agreed. Yes, marketing/acquisition + (I hate to say this) adding a top tier VC could help bring more interest for this chain. $135M for a functioning chain is criminally undervalued (especially when it's L1 season)...
@ShardiB2 Shardi- the team at @relay_chain are lucky to have you. IMO, Relay is undervalued at a $27.5M market cap. Anyswap - $Any is a $210M project and Synapse - $Syn has a $500M marketcap. Relay may not have VC's (ie. 3AC) as investors, but that means more upside for the community.
@Pentosh1 Agreed. I bought into smb/geckoโs after your tweets. Impressive gains. Whatโs more impressive (why I believe you are successful) is that you get hands w/ projects to support and validate your investment thesis. Kudos.
@michellebailhe@jbrukh@fintechfrank Many NFT projects could also benefit from more product development enhancements. But, I also appreciate that Bitcoin, Ethereum and other crypto projects have supplied users, technical infrastructure and capital to help accelerate digital art crossing the chasm into the mainstream
@michellebailhe@jbrukh@fintechfrank (ie. Axie Infinity from Epic Games in the gaming world or ZedRun from Caesars in the gambling world). I would argue that there is still a decent amount of tooling and education/awareness needed to bridge new users into the digital art world.
@jbrukh@fintechfrank Summary: Timing is everything and a declining art market is the fuel needed to motivate the traditional art world to shift their infrastructure, distribution (sales) and marketing channels to build a foundational under the digital art movement.