MUSE / NFT20: first DEX for NFTs // ape in before the parabola
www.NFT20.io is the world's first dex for NFTs! Swap NFTs 1 to 1, tokenize your NFT to ERC20 tokens and trade them on uniswap or dutch auction your rare / valuable NFT.
This project is brand new and its V1 dex went live about 2 weeks ago and is picking more volume and traction everyday, it acts similar to baby uniswap a years back!
The team is a very motivated and talented bunch of computer nerds / devs which were able to built a dex within a few months time, very impressive.
They now have secured interest from NFTX, Open Sea and are working on layer 2 solutions to get rid of the gas fees, which are already low on the platform.
Token economics are great for a dex:
Market Cap: $31,814,530
24 Hour Trading Vol: $3,109,020
24h Low / 24h High: $58.84 / $71.58
Circulating Supply: 530,082 / 530,105
Fully Diluted Valuation: $60,018,033
Max Supply: 1,000,000
Price action is in full discovery mode and can snap parabolic anytime. Usually for low cap gems is the above price action; pump, retrace to previous ATH, pump, retrace to previous ATH etc.
At this very moment the NFT alts are in a dip because of the strong BTC and major alts price action - so now is a good time to buy. DCA over a few days is also a good strategy.
My minimal target for this project by summer is 400 million (more than 10x of current valuation). Depending on developments on the NFT hype cycle and adoption we can much higher than that.
Remember this is an NFT INFRASTRUCTURE project combined with DEFI, I am most bullish on this type of project in the NFT space. This is a long term hold.
THIS IS NOT INVESTMENT ADVICE, JUST MY OPINION - DYOR AND TRADE AT OWN RISK. LOW CAP ALST HAVE VERY HIGH UPSIDE POTENTIAL AND ARE HIGH RISK INVESTMENTS.
This project is brand new and its V1 dex went live about 2 weeks ago and is picking more volume and traction everyday, it acts similar to baby uniswap a years back!
The team is a very motivated and talented bunch of computer nerds / devs which were able to built a dex within a few months time, very impressive.
They now have secured interest from NFTX, Open Sea and are working on layer 2 solutions to get rid of the gas fees, which are already low on the platform.
Token economics are great for a dex:
Market Cap: $31,814,530
24 Hour Trading Vol: $3,109,020
24h Low / 24h High: $58.84 / $71.58
Circulating Supply: 530,082 / 530,105
Fully Diluted Valuation: $60,018,033
Max Supply: 1,000,000
Price action is in full discovery mode and can snap parabolic anytime. Usually for low cap gems is the above price action; pump, retrace to previous ATH, pump, retrace to previous ATH etc.
At this very moment the NFT alts are in a dip because of the strong BTC and major alts price action - so now is a good time to buy. DCA over a few days is also a good strategy.
My minimal target for this project by summer is 400 million (more than 10x of current valuation). Depending on developments on the NFT hype cycle and adoption we can much higher than that.
Remember this is an NFT INFRASTRUCTURE project combined with DEFI, I am most bullish on this type of project in the NFT space. This is a long term hold.
THIS IS NOT INVESTMENT ADVICE, JUST MY OPINION - DYOR AND TRADE AT OWN RISK. LOW CAP ALST HAVE VERY HIGH UPSIDE POTENTIAL AND ARE HIGH RISK INVESTMENTS.
Trade active:
MUSE UPDATE: RSI is just reversed upwards as expected, a new pump is coming. TVL locked on the dex surpassed 1M in just ERC20 tokens, adding the NFTs that would be 2+ million. It doesnt sound like much but this dex is 2 weeks old, by comparision it took uniswap 3 months to get to 2m TVL, NFT20 did it in about 2 weeks and is constantly growing... Watch MUSE the coming week, its starting its engines....
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MUSE UPDATE — starting to breakout: +11%
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MUSE UPDATE - breakout continues: +20%!
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MUSE UPDATE — breakout confirmed: up +50% against the USD ($80+ USD) and up +30% against ETH! The exchange added new pools for the biggest NFT platform: ENJ (ENJ20 pool) — this will speed up traffic immensely and will further establish the NFT20 dex as the main dex for NFTs. Remember they are the only dex available with a working product for both, NFTs, ERC-20 tokens and Ducth auction. // Volume is increasing on the dex and for the MUSE token; some whale purchases have been spot. Is there any news coming? Collaborations with NFTX, Open Sea or Enjin? I dont know yet but I do know there are talks with parties as well as investors... They are also getting more attention from influencers in the crypto space, Chico Crypto recently made a video on them: youtu.be/EqPgC69IqI8 // Buy before the main public comes, we are at the start of a dex similar to uniswap (but for the NFT market) — buy and hold for the parabolic ride! :)
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Not financial advice, you do you and you trade at your own risk; but my opinion right now? BUY THE DIP!
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MUSE just printed an ATH of 98$! And is still gaining towards ETH - even though ETH is also fighting for a new ATH (check my ETH chart for info). THIS IS YOUR LAST CHANCE TO BUY A 2 DIGIT MUSE!
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She keeps going; Sunday just started and MUSE already tested +50% against ETH, currently at +20% - BTC and ETH seem to be starting a downtred for a brief consolidation period to at least fill the future gaps on CME around 58700 or even to 57200 for BTC. This will drag major alts down and brings low cap gems like MUSE more gains. It is still a good time to buy with ETH because as you can see theres a lot more upside to come. Stacking more ETH with MUSE is always good :)
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Oh and I almost forget the most important part: MUSE broke the psychological level of 100$! Which is huge! More gains to come in this parabola!
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UPDATE: with major market dumping it is a good time to buy low caps like MUSE // NFT20 has seen a massive increase of volume on the dexwith very popular and expensive NFTs being traded / tokenized now...
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IMPORTANT MUSE UPDATE: NFT20 (Muse) is going parabolic in trading volume on the DEX. This is a very very bullish sign! NFT20 is becoming more and more popular and known in the NFT space and NFT hodlers are using MUSE to trade or tokenize their NFTs more and more... The newly added MCAT pool is going nuts! I dont know too much about NFTs themselves but I do know those Mooncats went parabolic on the dex and created mass influx of traders and trades. This is exactly what we wanna see!
// more over: An employee of Coingecko also wrote a twitter thread on them (see link below). Now, if anyone in the space knows about new promising projects; it are the people at Coingecko! The thread shows NFT20 already outperforming NFTX with amount of NFTs locked; that is insane for such a new dex! NFTX has more than 10x more marketcap! What I also noticed is that the MUSE token already had more txs (transactions) than POLS (Polkastarter) and that is a huge project already listed on multiple exchanges! I was invested in POLS from the first month, hence I know, can check eth scan for it. Read the thread: twitter.com/jlwhoo7/.../1372370377167364096
// My trading strategy (my opinion and not financial advice) is to hold MUSE long term and not trade it; get it off the market and not try to time the market. If do you so; you risk buying back at a higher price because the pumps can be much larger and could follow up more regularly than I projected. Timing the market on a new project is risky, unnecessary and a no go for me.
// What to do if youre on the sidelines? Well, happy you; you made it here before the main adoption and parabola and we are currently in a short retracement before the new pump. So? Right now is good to DCA over the next few days. (Not investment advice, just my opinion and my own strategy; Im taking a bigger position aswell) Good luck, happy trading!
// more over: An employee of Coingecko also wrote a twitter thread on them (see link below). Now, if anyone in the space knows about new promising projects; it are the people at Coingecko! The thread shows NFT20 already outperforming NFTX with amount of NFTs locked; that is insane for such a new dex! NFTX has more than 10x more marketcap! What I also noticed is that the MUSE token already had more txs (transactions) than POLS (Polkastarter) and that is a huge project already listed on multiple exchanges! I was invested in POLS from the first month, hence I know, can check eth scan for it. Read the thread: twitter.com/jlwhoo7/.../1372370377167364096
// My trading strategy (my opinion and not financial advice) is to hold MUSE long term and not trade it; get it off the market and not try to time the market. If do you so; you risk buying back at a higher price because the pumps can be much larger and could follow up more regularly than I projected. Timing the market on a new project is risky, unnecessary and a no go for me.
// What to do if youre on the sidelines? Well, happy you; you made it here before the main adoption and parabola and we are currently in a short retracement before the new pump. So? Right now is good to DCA over the next few days. (Not investment advice, just my opinion and my own strategy; Im taking a bigger position aswell) Good luck, happy trading!
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MUSE UPDATE: the main crypto market turned bearish, this is bad for major alts but good for low cap gems like MUSE. While ETH will be dropping MUSE will grow or stay stable (at least) which means theres a lot more upside against ETH! (Not financial advice, you trade based on your own risk, research and decisions - but heres what i did) I sold most of my major portfolio and (as said) increased my position on MUSE, which is at the very moment one of the only low cap gems I trust. I expect more upside against ETH in the coming week and at the end of the week we’re due for a new pump, which means more upside against ETH and the USD. As you can see we already reversed green.
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MUSE UPDATE: just 2 hours after my last update we're already up +20% against ETH!
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MUSE UPDATE: Im following MUSE on their discord and they are working on yield farming; using NFTs staking for loans. That is the defi application we were waiting for! Mega bullish on MUSE (NFT20) - guys, we are far far far from the top. If they develop this new product as fast as they did the dex; NFT20 will become a top 10 to top 5 NFT project! Also +10% again today against ETH, exactly as I predicted, more gains coming this week!
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MUSE UPDATE: the major crypto and stock market flipped bearish because of the strong dollar. Most major cryptocurrencies will fall and I expect MUSE to grow against the major crypto market. With the fall of BTC last evening / night we saw most major alts falling however; MUSE booked a 15% increase against ETH. This is exactly what Ive been saying in previous updates. I expect major crypto to correct further and MUSE to gain significantly against ETH and the dollar because of its growth potential. By no way is MUSE (NFT20) valued at a fair price for the first ever NFT dex. Other important aspects are that the team will burn additional MUSE tokens minted from LP’s and they will launch an NFT staking/ yield feature for their V2 dex. I sold 80% of my crypto portfolio over the last 10 days but I’m keeping my MUSE. Now is the time for undervalued projects with good fundamentals to grow and I believe MUSE is one of them. (this is not financial advice, trade or invest at your own risk and research)
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EXTRA COMMENT: I do not think the bull run for crypto is over but we might see a shortbterm bearish momentum because of strong dollar / DXY and a falling stock market. We are starting an healthy pause to continue when the DXY topped out. (Check my profile for more info)
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MUSE UPDATE: more whale purchases have been spot which resulted in massive volume candles yesterday. We are consistently creating higher lows and higher highs; the new pump is about to start and will push us above 100$ indefinitely!
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NEW NFT20 FEATURE // flash loans for developers featured by the ETH foundation this week: weekinethereumnews.c...-news-march-28-2021/
Good things coming and a new impulse is around the corner, be ahead of the curve :)
Good things coming and a new impulse is around the corner, be ahead of the curve :)
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MUSE UPDATE: since we have a bit more history on the chart; I am now starting to do some TA and it looks like we are at the bottom (at 80$!, come on, thats a great bottom) here; there's only one way to go from here: up! Expected in the next 3-6 weeks: +125% against ETH, 150-300% against the USD:
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