Daily feed｜The world's strongest IP Hello Kitty didn't respond as expected? What is the reason for the recent silence in the NFT market?

The floor price of BAYC (Boring Ape Club), known as the Hang Seng Index in the NFT industry, fell to an 8-month low. Fung Delun, a famous director who appeared at the Hong Kong Film Awards earlier, also bought BAYC #6501 at the bottom.

At present, the NFT market is in a special state. The transaction volume of blue-chip NFTs is extremely low, and everyone is holding back.

The main reasons for the panic in the market are as follows:

☔️BendDao liquidation, there are more than 100 boring apes in liquidation crisis, the blue chip market has unprecedented selling pressure, and everyone dare not buy it.

☔️The ETH2.0 upgrade is coming, which will affect the future development of the entire blockchain. Due to the unknown whereabouts, the currency price has the opportunity to rise and fall sharply in the short term, and the NFT market naturally dare not act rashly.

☔️In September, the Fed has the opportunity to raise interest rates sharply, and uncertainties increase.

However, this state will not last long. If you are optimistic about the NFT market for a long time, now may be the best time to start blue chips.

In addition, the world-renowned IP hellokitty will be on sale at 2:00 am (26/8).

Recur pass holders will start selling at 1:00, and the current whitelist has minted about 10% of the quantity. Judging from the floor price of the recur pass minting certificate, the reaction is not as expected. I hope this project will have a strong stamina.

By the way, Hello Kitty is the most profitable IP character in the world, only in the entire Pokemon series, the special edition 1/1 Hello Kitty NFT auction price was about 10ETH yesterday, and the second highest price was the cinnamon dog 8.5ETH.

@puma also recently released the latest announcement, the current whitelist sells 0.1, so the entry price is about 0.3. There will be a public sale stage only if there is a leftover in the white single stage.

Puma has also announced a roadmap. Holders can get (1) Puma NFT (2) Puma physical shoes to exchange for NFT, but it cannot be delivered to Hong Kong 🇭🇰, and there will be mysterious cooperation in the future.

However, maybe because the market is too bad, the price of Puma's white order is lower than expected, but because of Puma's brand effect, I don't think 0.3 is a big problem.

Unless there is a problem with ETH2.0, even if the short-term filp fails, the medium-term risk is not large. According to the previous route of brand NFT, holding it for a long time from the beginning will basically not lose money.

My own strategy will leave a long-term hold, a filp (target price 0.5-0.6).

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