I'm getting tired of fraud shit in the NFT space. My contribution to this discussion is to give you an NFT play that has been working out very well for me. There's no way I can predict positive future returns. But you can count on this pick to not be a scam, and there's plenty of upside to boot. I believe Doki Doki Finance is a gem that's going to get a big push as the NFT space gets its pump.
So first, the reason it's not a scam — I've been in this project since the August 2020 defi dump. It started around that time and survived a 90% dump in its price. The project is based around Japanese degacha anime culture, and they market well to that community. So the dump really knocked out all of the weak hands, and development continued into 2021 regardless of price action. The dev team was also proficient enough to migrate to layer 2 in a timely fashion as fees to play the degacha lottery went too high (you could get 10 spins for about $100, and it cost $150 in fees, lol).
What's more, they attracted some really cool artists who have good, original work. Even if you don't get lucky and score an ultra rare or whatever, the NFTs are actually inspiring to look at and collect. The market for NFTs that aren't cynical plays on mainstream culture (NBA Topshots) is still forming. You really shouldn't expect to sell your stuff until the next cycle. Keep in mind that the big sales for this cycle's NFTs came from stuff that was launched in the last cycle — Cryptopunks, Mooncats, even the Beeple $69M sale. All of those projects paid dues before they became 100X sales, so you really can't expect to buy something and sell it in the same cycle for some massive gain.
No, I'm in Doki for the great tokenomics as well. They burn Azuki as people spin, holding its price up and even making it deflationary at some points. When a new artist comes on board, Azuki gets a push as people buy in to do degacha spins. Then they use profits to buy back Doki. The charts look as strong as some of the more hyped NFT projects I've seen, but check them out for yourself.
Because the project has paid its dues, has legit artists and a strong community, I think it's a great play for the NFT craze without getting involved with opportunists and pseudo celebrities whose shit won't be worth anything 30 days from now. And to be sure, Doki NFT art is going to respond to the cycles of the market. But at least Doki has a chance of becoming a real mainstay in the art world. Are you really going to invest in bullshit from Logan Paul, Gary Vaynerfuck or Mark Cuban as a serious art investment? Dude, if you don't have the skills to flip that bullshit 30 minutes after you buy it, you may as well write it up as a loss.
I'm also taking the time to tell everyone about this project because I feel it still has the potential to 10x from here. I don't believe this is a choice between engaging in the pop culture bullshit for a quick flip or choosing a serious project as a poor righteous teacher statement. Doki can make you gains. No guarantees, but I think the project has good tokenomics and staying power that can outlast a hype cycle. I've been staking for good returns throughout the down days, so I already have a good bit of profit taken from my investment in this project.
That's all. Got some more killer news coming up in my next post. Watch this space.
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YOUR GUIDE TO MAKING MONEY IN CRYPTO STARTS HERE ---> Making Money in Crypto Part 1
Always remember:
Burgerswap Bridge will steal your crypto
Deus.Finance is led by a psychotic wannabe despot
AllianceBlock is a shit project
All algorithmic stablecoins (Basis Cash, Mithril, Empty Set Dollar) are a SCAM
Don’t get your bitcoin from PayPal
Trade on BSC, not Ethereum
Ivan on Tech, Elliotrades and Bitboy are complete liars, and
If you are always losing money trading crypto, read here.
Gems I'm investing in:
NFTs - Doki Doki
Trading - Unimex
Finance - Soar
