Can the sun-drenched airdrops of the fat penguins save the narrative of NFTs?

Recently, there have been two NFT-related projects; ME launched in Korea, and the top blue-chip fat penguins issued tokens with a market cap nearly three times that of the older brother APE. However, in terms of price trends, the narrative of NFTs has become less appealing. Below, I will share my thoughts on the valuation of PENGU??

?? The purpose of the fat penguins' sun-drenched airdrops is to shower money

Big penguins, small penguins, Solana and ETH OG wallet airdrops, Binance BNB HODLer airdrops. From thousands to tens of thousands of dollars. Besides, PENGU's airdrop is part of many well-known projects like ZK, L0, DYM, accumulating nearly 100,000 dollars in total airdrops.

The success of Pudgy Penguins is inseparable from its active community, which is the best at creating excitement and engaging in cross-industry activities. They enhance community cohesion through various events, resulting in a loyal and active user base in the crypto space; this is probably their true value.

?? Valuation analysis

According to the current circulating market cap of PENGU at 1.46 billion dollars and FDV at 2 billion dollars. The older brother APE has a circulating market cap of 730 million dollars and FDV of 1 billion dollars. It's hard to say who is overvalued or undervalued, after all, the older brother has already relaxed.

?? Sector analysis

Is there still value in the NFT sector? We can gauge this through the once-leading NFT trading platform, OpenSea. OpenSea's highest valuation reached 13.3 billion dollars, and its current valuation is less than 2 billion dollars. The overall valuation in the cryptocurrency market tends to be on the high side, but we can expect that the ceiling for sector valuations will not exceed 10 billion; the feedback from the capital market reflects the most realistic valuations.

To enjoy the market dividends of Web3, the best way to participate is to hold BNB for multiple benefits = capital preservation + earning coins + launchpool + megadrop + HODLER airdrop.

For the upcoming layout direction, I will guide everyone to target the lucrative opportunities in altcoins, especially those with great potential. An expected growth of over ten times is not a problem. If you want to make big money in a bull market, like + comment, and I will help you layout the entire bull market! $BNB $SOL $BTC #萨尔瓦多将“加速”增持BTC #比特币战略储备 #加密市场盘整 #市场调整後的机会？