some thoughts around $dood
im a rainbow cat not a financial advisor / i have an airdrop so im biased / blah blah deez nuts
timeline divided into two camps:
people who get the airdrop - generally happy
people who don't get the airdrop - "its going to zero"
welcome to CT. news at 7
group 2's launch estimates seem pessimistic. doodles, by all relevant metrics, is a top 5 NFT brand (penguins/apes/azuki/remilio)
punks are art, not a brand, dont @ me
in FDV -
apecoin launched at $8B (i know i know, different timeline)
pudgy launched at $3B
azuki launched at $900M
the market thought all of these were launched too high (number_go_down.exe), but it's still where they started
yet there are people suggesting token will be worthless and launch low 8 figs. we dont know yet, the initial valuation will be set by the team and/or market makers
the NFTs themselves will be repriced aggressively upon airdrop. im not sure what the relationship there looks like. a high FDV means airdrop farmers can sell the NFTs for much lower, but there's a scenario where believers use coin gains to buy more NFTs
once again, not advice, just thoughts. there's an FDV where everyone is a seller, including me, and an FDV where we are not. good luck
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