Can the sunshine-like airdrop of Fat Penguin save the narrative of NFT?
Recently, there are two NFT-related projects. ME was first listed on the Korean Stock Exchange, and the top blue chip Fat Penguin also issued a coin with an opening market value close to three times that of the big brother APE, but from the price trend, the narrative of NFT itself is no longer so sexy. Let me talk about my views on PENGU's valuation👇
💰The purpose of Fat Penguin's sunshine-like airdrop to spend money crazily
Big Penguin, Little Penguin, Solana and ETH's OG wallet airdrops, Binance BNB's HODLer airdrops. From a few thousand dollars to tens of thousands of dollars. In addition to PENGU's airdrops, many well-known projects ZK, L0, and DYM have accumulated nearly 100,000 US dollars in airdrops before.
The success of Pudgy Penguins is inseparable from its active community. It is the best at making things happen, playing the most cross-border NFTs, and enhancing community cohesion through various activities, so that the community has the most active and loyal user base in the encryption field. This is probably their value.
💵 Valuation analysis
According to the current market value of PENGU, it is 1.46 billion US dollars and FDV is 2 billion US dollars. The market value of NFT's big brother APE is 730 million US dollars and FDV is 1 billion US dollars. It is difficult to say who is overestimated and who is underestimated, after all, the big brother has already laid flat.
🏁 Track analysis
Whether the NFT track still has value, we can judge it by the former NFT trading leader opensea. OpenSea's highest valuation once reached 13.3 billion US dollars, and the current valuation is less than 2 billion US dollars. The overall valuation of the currency circle is a bit high, but we can say that the ceiling of the track valuation will not exceed 10 billion, and the feedback of the capital market is the most real valuation
If you want to enjoy the market dividends of Web3, the best way to participate is to hold BNB and eat four fish = protect the principal and earn coins + launchpool + megadrop + HODLER airdrop.
