NFTs can move as much as 40x in a couple of days, how do you spot them before it all starts?
A thread 🧵
#SolanaNFTs #NFTCommunity
A thread 🧵
#SolanaNFTs #NFTCommunity
I have done a thread before on the basic things you need to know about Solana NFTS
You can read here if you haven't
You can read here if you haven't
https://twitter.com/PraiseAjayi10/status/1509869445526835214?t=Q4AfpWveA5YtFB7wxaMLmg&s=19
There are two basic ways to get your hands on an NFT
The first way is:
Primary sales-Mint sites
This basically means that you get to buy the NFT from the Creator, you become the first ever buyer of a specific asset. Minting has en element of surprise because you don't Know
The first way is:
Primary sales-Mint sites
This basically means that you get to buy the NFT from the Creator, you become the first ever buyer of a specific asset. Minting has en element of surprise because you don't Know
What member of the collection you get your hands on. Projects have a minting site and then a minting date is announced, popular collections get sold out in minutes, while others might take a while. Some of them also require whitelisting to allow you mint. H
However, if you do not know what to look for here, the tendency of getting rugged is also High, because you would buy an NFT that would be useless.
The second way to get NFTs is to just buy on the marketplace, secondary sales.
However, I'll focus on what you need to know at mint
The second way to get NFTs is to just buy on the marketplace, secondary sales.
However, I'll focus on what you need to know at mint
1. Design
Check the design, is it something you really like? Is it cool? Will you comfortable holding it? If it doesn't tick this boxes,then it's a no no
Check the design, is it something you really like? Is it cool? Will you comfortable holding it? If it doesn't tick this boxes,then it's a no no
2. Price
When you start
Stick with projects that are not more than 2 SOL, don't be too ambitious, the NFT is expensive doesn't mean it will do well! Hence, let price be a very important factor for you. Don't also pick an NFT because it's cheap, you might just be getting rugged
When you start
Stick with projects that are not more than 2 SOL, don't be too ambitious, the NFT is expensive doesn't mean it will do well! Hence, let price be a very important factor for you. Don't also pick an NFT because it's cheap, you might just be getting rugged
3. TWITTER
Check the project's twitter page, you want to see an active enthusiastic community, high level of engagement and hype, if that's absent, then you might want to reconsider minting that NFT.
Support from influencers is good, but it can't replace actual grassroot follow.
Check the project's twitter page, you want to see an active enthusiastic community, high level of engagement and hype, if that's absent, then you might want to reconsider minting that NFT.
Support from influencers is good, but it can't replace actual grassroot follow.
Discord:
If you're happy with everything above, then go ahead and check the Discord, check how many users are there, does the team interact with the community, what's the atmosphere like?
If you find a bubbling atmosphere then you can go ahead and mint.
If you're happy with everything above, then go ahead and check the Discord, check how many users are there, does the team interact with the community, what's the atmosphere like?
If you find a bubbling atmosphere then you can go ahead and mint.
My fundamental analysis course has an NFT community and we flip NFTs for profit steadily. If you want to join, use the link below
Bit.ly/SPECTROLITEFA
Bit.ly/SPECTROLITEFA
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