Farcaster

Farcaster Pro OG to sell or hold?

— This week, the Farcaster team finally sent out the NFTs for the Farcaster OG subscription, which are now available for trading. In the first few hours, people were incredibly pumped up the NFT floor to 0.35 ETH (approximately $1000), which was 8x the price of a Farcaster OG mint. After this pump, there was obviously a dump and the NFT floor dropped to 0.075 ETH ($200). Now many people are asking themselves whether to sell their NFT or not

Founder @10kdotworld.eth, launched $ALEX (first creator coin).

app developer /spotlight | MediaFi & Attention Markets

Why shouldn't you sell your Farcaster Pro OG NFT?

• The first of the arguments - ‘it has already paid off’

— Due to the $PRO drop from @mjc716, many users have already recouped their costs for Farcaster Pro. Many of them received $100-500 in drops, which paid off the subscription costs in the first week
―  There were also many small drops for other Farcaster Pro users, such as 2000 $WATCHCOIN from @alexmasmej and others 

—  The main point of this argument is that your subscription has already paid off, even without taking into account other benefits

I have fully analysed this issue, citing factors both for and against the hold, so now you can estimate all the risks and what the rewards will be and make a decision about Farcaster Pro OG NFT

• The third argument is the marketcap of the collection

— Comparing this collection with Farcaster OG, the collection's cap market is $600k less, despite the fact that now Farcaster Pro OG has more usefulness than Farcaster OG. Thus, Farcaster OG is considered an NFT, for which Farcaster himself may give away airdrops in the future, but still, Farcaster Pro OG will be more useful now because of the airdrops that are already being given away. We can assume that the price is very low now and it should rise until the market caps are levelled out

Why is it worth selling Farcaster OG Pro?

— Probably the only argument is that the price may drop even lower and you can sell it for a profit to buy it back later

— It is also worth considering that perhaps the developers will distribute drops not only to Farcaster Pro OG owners, but to all people who have bought a Farcaster Pro subscription, then NFTs will have no advantage and there will be no point in keeping them

• The second argument - future drops

— We all know that Farcaster has a huge community of developers who often give away airdrops for something. Farcaster Pro OG is becoming the very thing for which you can give away airdrops, as other developers have done and are doing
— One of the next possible drops will be the $noice airdrop, because the team has allocated 20% of the supply for the drop ($2 million now), and they did not give any criteria for it, so it is highly likely that they will also give away airdrops for Farcaster Pro NFT. You should also take into account that the @noiceapp team (@srijan.eth, @tike, @div, @parzuko, @hbrbssa.eth) are very loyal to Farcaster and the project's audience 

— It is also worth remembering about other upcoming airdrops from projects that will be launched