Should we diamond hand everything or become serial flippers?
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In the Ethereum space, the commonly held belief is that we need to diamond hand everything we can get our hands-on. But in Solana, most people are flipping every project they find with the notion that they can get rich quick. Both communities have it all wrong.
The key to success is figuring out how to effectively use a mix of both strategies depending on the scenario. With Ethereum and Solana, there will be projects that itās best to hold for longer periods of time and those you want to flip immediately to reap the most benefits. But in the majority of cases, you want to do a mix of both.
In a mint and flip scenario we can maximize our gains potential overall, if we choose to flip hyped-up projects within the first week after mint. This gives us an optimal time span to make the most out of fomo pricing. If you believe in the project long-term you should wait for the dump to stabilize and buy back in for the next pump. By doing this we use both strategies to give us the best chance at maximizing profits.
If you miss the mint on a project but you make it to the secondary market within a few hours of it being posted then you can snipe up rares that drop to the floor. You can then choose to hold or list immediately for profit (make sure to take transaction fees, royalties, and gas into consideration before listing). This is a fairly easy way to make profitable and consistent flips from a project.
If you are more into undervalued projects with less hype then I would recommend waiting for the project to hit the secondary market if you donāt think it will sell out quickly. Let the price stabilize, then try to snipe an undervalued NFT that has a decent rarity at floor prices. You can then list it immediately or hold it long-term till the project pumps.
What's Minting on Ethereum and Solana?š
Today I bring to you some of the highest quality and most hyped NFTs you can mint this week on Ethereum and Solana.
1ļøā£ Dronies š¦ - This project is my personal favorite because of the way they reveal their lore. In order to find out why and how Dronies were created, you have to deep dive into their tweets, website, discord, etc to connect the clues together and find the hidden messaging.
Another reason I love this project is because of its roadmap. They already know how much itās going to cost to acheive their goals and are planning long-term. Most project roadmaps are vague and donāt even detail when they want to accomplish things by, Dronies is different. If you havenāt checked out their roadmap yet I highly recommend you do. Iāll leave a link down below under the āmore detailsā section so you can take a look.
Hodler Benefits: š¦
Access to their holder only merch exclusives.
Access to their comic series that will reveal Dronies lore.
Access to IRL and digital events.
Holding a certain amount of Dronies will give you WL on their next drop. It will also give you an opportunity to get workshop items airdropped to you. (The amount of Dronies you need to hold to get these benefits will be announced in their Discord)
Access to their Dronies workshop where you can upgrade your NFT.
They have a lot of plans in store for this project. This includes a possible game (this will be a board or card based game - the specifics have yet to be decided), software development, 2nd Dronies collection drop, hosting some networking events, and a TV show pitch.
More Details: š¦
Want to learn more about this project? Check out their Twitter and website below.š
Twitter: https://twitter.com/DroniesNFT
Website: https://www.droniesnft.com/
Their Roadmap: https://unfoldco.notion.site/Dronies-NFT-Roadmap
2ļøā£ Hape Beast Gang š - Hape Beast is minting today, WL only with no public sale insight. However, once this project hits the secondary market it is sure to pump. If you are interested in this project as a shorter-term flip I recommend getting some ETH together to snatch one up for the inevitable pump that is likely to occur this week. This could even be a potential long-term play if you really have your diamond hands ready.
The Future of Hape Beast Gang: š
Right now the details they have about the future are vague. But with the hype that they have ammased from their 254.1k followers on Twitter I have no doubt that this project will be a worthwhile investment. If that doesnāt prove it to you checkout their Genesis drop with a 42 ETH floor. They are clearly doing something big, and people are excited. Who knowsā¦ Hape Beast Gang might just be the next BAYC.
More Details: š
Want to learn more about this project? Check out their Twitter and website below.š
Twitter: https://twitter.com/HAPEBEASTGANG
Website: https://www.hapebeast.com/
3ļøā£. Chill Chat šŗļø - This project is doing something practically unheard of in the Solana Ecosystem. They are launching a create-to-earn pixellated metaverse. This will be a fully customizable metaverse world built by players for players. They claim that itās like a pixelated version of Roblox with NFTs.
Hodler Benefits: šŗļø
Access to earning $Chilling through your gen 1 character.
Access to their pixel art editor where you can make and mint a new generation of character NFTs that you can also sell on the secondary market.
Access to staking your $Chilling.
Access to participate in their governance DAO.
WL Opportunity: They will be giving out 25 WL spots on Magic Edenās Discord during their AMA session on Wednesday at 4 PM UTC. To learn more about it check out the tweet below.
More Details: šŗļø
Want to learn more about this project? Check out their Twitter and website below.š
Twitter: https://twitter.com/chillchatme
Website: https://www.chillchat.me/
Want more NFT Alpha?
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Check out the post below for my other favorite projects minting this week that didnāt make the cut for the newsletter. But are still very promising and are worth looking into.š
I want to hear your thoughts:š
As always I hope you enjoyed this newsletter, any feedback is always welcome. If there is something that you want me to write about on Medium/Twitter or add to a future newsletter, let me know.
Contact Information: š
The best way to reach out to me is just to dm me on Twitter.
Twitter - @ToasterFires
Email - burnttoasterfires@gmail.com