Thread by @cassioclone

#cro #FFTB #cryptocomnft

Hi #crofam, Hello #LoadedLions,

I see a few lions concerned about the falling floor price today and a general over-emphasis on this metric.

Don’t be alarmed and let me explain my view on this…🧵👇

Of course a higher floor price is what we ultimately want. But the most important metric for us as holders of #LoadedLions is the „volume traded“ number. This number needs to keep climbing constantly, as it shows a healthy ecosystem with supply and demand.

It does not help to have a floor price of 50.000 with a constant „volume traded“ number. This would just say that nobody wants to pay the demanded prices and the marked is „dead“.
We need the volume traded to keep climbing and it does climb steadily. That’s a good thing! 🥳🥳

Also, nothing goes up in price in a straight line. There are always corrections and consolidation periods. This is true for #NFTs just as much as for #cryptocurrencies and #stocks.
We had a 30x price increase in just a few days, it is ok to take a little breather in between.

Personally, I also believe that the newly added function on the marketplace, where you can filter „lowest price first - buy now“ has added a little more competition to the sellers.
But I also believe that this is just a temporary effect.

Lastly I want to add that I also hope that the number of owners keeps rising a little more (I think a number above 5.000 would be awesome). This would suggest that there are many buyers and prospects outside of our „bubble“.

So once again…

- yes, floor price is important, but it is not everything
- price corrections are normal and healthy
- we are in a very good place and the future is looking bright
- enjoy being part of this

Thank you for reading 😊

🦁🦁🦁