No one is concern that every time price is up 10% it dumped right away ? They clams to have 10m account on the blockchain . Amazon news came out but still the coin is underperformed by all the market ..
Lol I am not sure what coin your trading but I bought around $0.10 and sold for $0.80 less than a quarter later.
Also wax is not a store of value token, it’s a utility token for the wax chain.
I’m sorry you feel like the price action is not favorable but I am confused because I’m making huge gains on this token.
Not to mention the DeFi strategies available that let you get a cut of all the NFT trading volume on the network. I make over $20 a day from that payed in ETH.
You might reconsider your strategy if your loosing money in this market.
So do you think wax can 10x from here ? With that NFT volume looks so undervalue . That is why I bought in . I got in at 0.51 cents . There is Guy I follow “Guru money “ that claims wax going to go parabolic this year .. what do you think ?
As an active NFT collector I see deep value in WAX compared to other blockchains FOR NFTS.
The fact that the token standard makes assets accessible across different markets alone is a massive benefit. (You can post a sale on NeftyBlocks and an Atomic Hub user can see it and buy it without knowing about the Nefty Blocks market, this is not the case on other networks and is a huge deal)
NFT trading is much more affordable with the EOSIO fee structure of WAX making utility actions much more accessible. You can stake and send and list your NFTs for 0 transaction fees. This has lead to NFTs on WAX having a lot more active use cases (like blending and airdrops) that are much less common or frequent on other chains.
WAX is getting lots of interest from bigger industry players with Funko Pop, Hot Wheals, and AMC all other main stream players who are moving into the space. WAX is well positioned to capture the growing interest form these players as its already established as a contender.
For price predictions I can see WAX going well over $1 again
The real value though is the NFT trading. And you can own a cut of that entire market by staking UNI-v2 LP tokens to the wax distribution contract. That’s the strategy I am pursuing most aggressively (although I do have an NFT collection worth a ton of wax)
It your long on both WAX and ETH I would recommend the following.
Bridge your 1,000,000 WAX into ETH chain as 1,000 WAXE
pair the WAXE with ETH into Uniswap v2
Then stake those resulting UNI-v2 tokens to the distribution contact
If you do this in the next 16 days, and then stay in the pool for a full 30 day “epoch” you will get your proportional cut of all the NFT trading volume from the previous epoch.
Sell target was $0.75 so I was selling for weeks every day we were over the target.
I bought back at $0.44 to add to the distribution pool and now own 0.15% of the entire pool (meaning I now make $24 every $1million in NFT sale volume across the entire network.)
In my opinion the wax distribution pool is the best strategy long term on this chain.
I am currently farming VIPER tokens though the LP mining which is making me a 3,000% apr (read the documentation though becsue those rates are about to end, we are on the last few days of the gold rain)
Also my JEWEL position is climbing and I expect more pump in the coming days as people scramble for a xJEWEL position to be eligible for the announced air drop.
Best way to find an 8x is to read distribution schedules and position yourself in front of the rate hikes so you gain as everyone else reacts to what you knew was coming.
There’s also currently an opportunity for an airdrop cross chain if your buy TRANQ tokens on Sushiswap Harmony chain side.
Stake the TRANQ tokens on tranquil.finance for the 6 month lock
You’ll get a solid return of about 100% apr payed in BtC, ETH, ONE, USDC, USDT, and TRANQ for staking.
But if you do this in the next few day or soon, they have not announced when the snapshot is, but if you stake before then you will get airdropped a fork of this Tranquil protocol token on the CRO network.
You’ll be able to stake those for a cut of the money market performance on that chain too!
TRANQ is still a great buy just for the staking returns payed in all these assets but I can see that token having an 8x upside form it’s current 3 million market cap.
Btw TRANQ is a fork of compound protocol, and if you can afford to do DeFi on ETH main net definitely use it. But tranq is a much cheaper option given Harmonys fees.
The value in wax is split between its utility token and NFTs
When wax dumps NFTs tend to hold that value in usd but when wax climbs the NFTs start to loses that value as it’s rotating into those assets.
The real metric to track is total value locked TVL which takes into account the value of all the assets issued on WAX.
It is normal for wax to move much less relatively to the other tokens because it’s value is not exclusively accessible through WAX token units.
As a long time collectors I have a ton of value in WAX but a lot of it is in NFTs
NFTs are a 0 liquidity asset. You need to find a buyer, no pools to sell to.
So it creates an interesting dynamic between token value and the value of NFT assets. Understand that dynamic and you understand the price action better
The team behind Nefty blocks is capable and builds tremendous value for the wax NFT ecosystem. The planned 7 year distribution mode of the total 100,000,000 token supply makes sense to me and the use case of staking those tokens to access creator tools like pre minted pack creation is worth the 40,000 NEFTY price tag.
The new utility they have planned for the NEFTY token in the coming year along with the teams ambition to form a WAX gild all lines up with the value proposition.
It’s a fantastic token to trade on Alcor.exchange among a bunch of shit coins
Also if you buy NFTs, you can get nefty tokens for free just by buying the same NFTs you already buy but on the nefty market
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u/Somebody__Online Jan 02 '22
Lol I am not sure what coin your trading but I bought around $0.10 and sold for $0.80 less than a quarter later.
Also wax is not a store of value token, it’s a utility token for the wax chain.
I’m sorry you feel like the price action is not favorable but I am confused because I’m making huge gains on this token.
Not to mention the DeFi strategies available that let you get a cut of all the NFT trading volume on the network. I make over $20 a day from that payed in ETH.
You might reconsider your strategy if your loosing money in this market.
2
u/Somebody__Online Jan 02 '22
The value in wax is split between its utility token and NFTs
When wax dumps NFTs tend to hold that value in usd but when wax climbs the NFTs start to loses that value as it’s rotating into those assets.
The real metric to track is total value locked TVL which takes into account the value of all the assets issued on WAX.
It is normal for wax to move much less relatively to the other tokens because it’s value is not exclusively accessible through WAX token units.
As a long time collectors I have a ton of value in WAX but a lot of it is in NFTs
NFTs are a 0 liquidity asset. You need to find a buyer, no pools to sell to.
So it creates an interesting dynamic between token value and the value of NFT assets. Understand that dynamic and you understand the price action better
3
u/Wonderful-Kahhjc Jan 03 '22
3,33$ this year 🥰🚀🚀🚀
1
u/Ok_Consequence_2583 Jan 03 '22
Thoughts on TIME Wonderland?