@ostbite77
The NFT market shows recovery signs, with BAYC and CryptoPunks floor prices up 20-30% in 2024. Increased on-chain activity and Bitcoin Ordinals drive interest. BAYC’s community and brand utility enhance its appeal, but illiquidity and hype-driven pricing are risks. Investment strategy: Invest in blue-chip NFTs (BAYC, CryptoPunks) for long-term cultural value, allocating 5-10% of a portfolio. Short-term, trade Ordinals for quick gains, but use limit orders to manage volatility. Diversify to mitigate losses.
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