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Do people who are still investing on NFTs trust this market seriously or just target to earn profits by flipping?

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by COINS NEWS 128 Views

Do people who are still investing on NFTs trust this market seriously or just target to earn profits by flipping?

Though it has been stressful in the past few months for both Crypto and NFT markets, this could be the best time for people to learn and grow during the bear market and waiting for the next bull cycle.

Last year NFT market made an explosion and some featured NFT collections (BAYC, Punk, Doodles…) got some incredible pumps with over 100x profit, and then, as you know, the market dropped quickly with 90% trading volume decreasing.

HOWEVER, even in such a bearish condition, surprisingly there are still a bunch of people draining profits from the market.

For example, recently I found a mobile NFT tool APP called ‘NFTTrack’ at appstore. It recommends some smart money guy they called ‘whales’. These whales got crazy return and win-rate even in the current bearish market.

Like this guys 'mikesnft.eth', he already had total profit 225 eth with 200% ROI and 95% win rates.

https://preview.redd.it/qp54gc3mkzs91.png?1170&format=png&auto=webp&s=e6bef310b0cb1925be9bae6f1ec328d1e08ecb77

I tracked his most recent 30 trades case by case, he won 28 with nearly 150% profits. This is amazing…

https://preview.redd.it/c7uhnvnokzs91.png?1170&format=png&auto=webp&s=ada5cb1d6d7a0c4b320c37e31fe56d6eb89649d6

Is it something we can explore in depth? Moreover, the APP also link whale’s account with their web2 identity on Twitter, this is amazing that you can know who exactly they are and interact with them.

(Source: nfttrack.ai, they also got an official twitter account: @NFTtrack.ai)

So my question is -

Even if you don’t truly trust NFT market or neither believe NFT’s future, while with the aim to earn profits, is it a good way to follow these whales’ activities or even copy their trades by using those NFT tools?

submitted by /u/webb32503
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