SHILL Issue 78

2
Linkkzyy
Analyzing A Project’s Merit’s Post-Mint.
The Fun Bit.
Social Sentiment: To avoid rewriting the whole bit, apply
this stuff here. Who’s looking at the project, what’s got
people excited about it, how many people and so on.
Under this I would also keep my eye out for expansive
projects, by this I mean things like DeStables. Community
ran projects which add onto the expansion of the
brand/project itself. Additionally look for things like
custom items/collectibles being made; custom versions
of NFTs, custom shoes, clothes and so on.
Numbers & Metrics
Prefacing this by saying, personally I hate TA for NFTs. I
don’t think charting NFTs is a valuable way to trade specifically
when they generally cycle around news rather
than anything else.
If TA still fancies you, the one value I find is figuring out
which price barriers have the largest amount of listings
(aka, resistance). I would recommend doing this regardless
as it offers you an opportunity to sell at the resistance
and rebuy on a potential drawback for cheaper
and netting a neat profit already.
One thing to note when looking at resistance is the
speed of liquidity. If you hit some form of resistance in
FP and liquidity flowing in begins to slow it’s worth listing.
It is very likely that trading bots and people will see
the halt and begin listing/dropping the floor. However,
if liquidity is high; you may just get steam rolled out of
your position.
NFT Inspect: This can be a very valuable tool for reasons
beyond influencers swinging their willies in a battle of
who’s more narcissistic. Observe the community rankings
category. It gives you access to how many unique
individuals are rocking a PFP under this collection but
also the reach.
If you have a collection of say 10,000 and 60% of the collection
is uniquely rocking their PFP with a community
reach of 30% but their floor price is 2 SOL it would be a
buying indicator alone.
However, if the project has a large community reach but
a lackluster amount of unique PFPs; this is not particularly
a buying indicator, it’s more likely that an influencer
or person with a large platform is rocking it, which can
be nice, but it is nowhere near as useful as 2-6,000
people on the timeline marketing the project with each
tweet, reply, Twitter space, etc.
HelloMoon Smart Money: This one is a given nowadays,
so I won’t go into depth but it definitely has its
strengths. Make sure you don’t get caught in a short
term play that will dump on your head. Be proactive.
Liquidity: This is the most important thing with NFTs because
it dictates the value of literally everything. Your floor
can be any price but if there’s no liquidity purchasing at that
set price, it’s not really the floor price. Always keep track of
liquidity flowing into the things you are interested in buying
and if you see slow trends or a gradual daily increase, it’s a
good sign that there might be more coming in the near future
Ask Questions: Try to talk with the team, talk to influencers,
talk to people on the timeline, try to perceive what the mood
is towards the collection. Why are people buying, why are
they bullish and talking about it?
Buy the Rumor, Sell the News
This is a pretty common trading style and is usually successful.
I would not advise following it word for word, but the general
premise is useful in this space.
If you see a project that might be under the radar or slowly
creeping up in terms of volume, NFT Inspect or discussion,
it’s a great opportunity to look into the project and figure out
what’s coming next. Almost every bit of big news/announcements
for projects results in a positive price action even if it’s
10-20%. Taking advantage means you’ve just made a neat 10-
20% for simply being aware and selling to the latecomers.
Quality Assurance
I talked about this briefly in pre-mint analysis, but it’s always
good to look for quality insurance on the things you buy into;
- Are the marketing graphics dated?
- How does the website look?
- Discord ugly as shit and hard to navigate?
- Is the staking platform well made?
Tokenomics/Coins
This is something I don’t see talked about enough with
projects implementing staking and native tokens. Why. The.
F*ck do you think tokenomics made from anything less than a
professional mathletics gamer is worth betting on?
It is such a core and key component of their ecosystem and it
requires INTENSE math and thorough design to actually make
not only a unique but sound tokenomics structure.
Don’t have faith in some monkeys releasing a coin without
proper design. If they are cutting corners, being lazy, or overtly
stingy with their funding, none of these are good signs.
Overlap w/ Pre-Mint
There’s some themes which obviously overlap which are as
follows
Is the art good?