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Don’t get discouraged yet by the prices the avatars you purchased are selling for on OpenSea

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by COINS NEWS 100 Views

Prior to Gen 2 in October 2022, there was a sharp dump leading up to the drop. It was similar to the two weeks leading up to Gen 3, except the slump in between Gens 2 and 3 was far worse than from 1 to 2.

In between Gen 1 and 2, there were a couple significant whale sweeps that went on for days, and with said whales spending a licensed Registered Nurses yearly salary on sweeping Reddit Avatars.

Following the sellout of the Reddit shop after Gen 2 was another big pump that what stimulated heavily by the Twitter NFT community (was kind of a head butting moment in avatar history between the two communities even though lots of people benefited massively from this).

Fastforwarding, Gen 3 is currently still ongoing with mainly $4.99-$25 avatars still in the shop but sales still moving fairly steadily.

There’s a panic in the air because we aren’t pumping like crazy with the avatars that are currently sold out of the shop. Other than a couple, lots of people are panic selling for losses below mint shop price. Your own personal finances are your business, and this post isn’t meant to be interpreted as financial advice, but I have a strong feeling there’s going to be sellers remorse that heavily outweighs the buyers remorse some are feeling because they feel like they wasted their money and need to recoup what they can.

I’m not saying that we’re going to have a pump that echos either of the above examples, but Reddit had onboarded A LOT of new wallets who are first time buyers and lots of people who missed out on the Nyans, Rojoms, Fousts ect, and they are activity getting into OpenSea to buy these avatars. Fousts floor last I checked was about .030 for his Gen 3, which is great floor for an avatar that was selling at $10 with 2,500 mints.

All I can say is be patient. This same dump happened after Gen 2 and it recovered after 3-4 days. You can’t use Gen 1 sales histories to base anything off of during the post Gen 2 dump because people WERENT DUMPING their gen 1’s, and hopefully they’re still not.

Hang in there, we’ll be fine. Trust the process

submitted by /u/Plasticites
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