NFT20 (MUSE) is the first dex for NFTs, after a great surge that did 900+% against ETH we now see a consolidation and a heavily oversold indicator. NFT20 (dex) is just 2 months old and is gaining in volume, traffic and adoption and is adding new DEFI applications including flash loans that caught the attention of the ETH foundation. The team is very motivated and talented to succeed offering users a way to swap NFTs 1 to 1, tokenize NFTs to ERC20 tokens or Dutch auction your NFT. This is a very early project and with a very low marketcap with a great upside potential, already in the next pump a potential of 151% against ETH. It might take a while to unfold as ETh is now fishting for a new ATH but I do think ETH will top out between 2100/2200$ for the time being and when this happens MUSE will surge.
NFT HYPE With the NFT hype getting bigger and bigger and new NFTs like Polkamon getting huge; there's a big chance such NFTs are coming to NFT20 which will result in a adoption boom. NFT20 is a Defi and NFT infrastructure project that is still way undervalued at 40M market cap; fair valuation would be 400M (10x) which I expect to reach by August.
Check my last update about MUSE linked below for further info and the great token economics.
IMPORTANT: this is not financial advice, trade or invest at your own risk and research.
Added more to my bag cause I love how they bringing liquidity to the nft space. This Dex will grow and venture out to find strong partners. Already has eyes on them by developers.
mmiller4255
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breaking channel, hopefully just a wick..
cryptobullethbtcxlm
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@mmiller4255, this is just because eth is bullish right now as soon as eth comes down, and that will happen after it hit 2500/26000, MUSE will start pumping again... also against the usd, MUSE is still doing fine... MUSE is just a waiting game for me... when they get more adoption and use cases; the price will explode... beisdes there are so many meme coins pumping that will fail miserably and coins like MUSE that are undervalued being ignored by the hamburger investors... I still expect MUSE to reach 1K usd this year because they have a killer team and are making great moves in the nft space, opening a marketplace (like open sea but different) soon! This is why we need patience here and not watch the chart too much... so give it 3 to 4 months and you will be happy you bought here... thanks for your comment :)
mmiller4255
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@cryptobullethbtcxlm, lmao i like that one "hamburger investors" ...i agree the markets are extremely irrational right now. im holding strong with ya brotha, NFT20 will be huge.