During the previous bull run, we witnessed a significant surge in investments and adoption within the realms of Social-Fi, Game-fi, and Metaverse projects, perhaps influenced by the defining impact of COVID-19 during that period. While many of those projects may not be in the limelight currently, it's worth keeping a close eye on STEPN, MOVES, and FITFI, considering the inherently unpredictable nature of the market.
Recently, there's a noticeable trend in this sector, especially with MAVIA grabbing attention for its impressive price performance and adoption, albeit driven largely by price and airdrop distribution. Recognizing the market's unpredictability, timing can be crucial, prompting me to explore NADA. It's currently nearly 88% down from its all-time high, yet adoption appears positive. Notably, with announcements from Bitget and other exchanges about its listing through a deposit-to-list event, coupled with an improvement in its circulating supply from less than 700 million to the current 900 million out of a total 2 billion NADA.
Is this a savvy move, or would it be wise to steer clear?
People can't accurately answer this question since the only way they can do is to speculate. There's a lot of hype happen from RON to pixels but we are not sure if we can see those Game-fi or Metaverse to get hype again since looking at current happening it seems that people are just creating a noise due to the airdrops happened.
Also Mavia is been hyped due to the airdrop, although I like the game but noy sure if they can able to get the same success what Axie infinity got. But if you or other people want to take a risk then its up for you guys to take a risk since will not know the result if we just watch and not trying to risk anything. But make sure the amount used us the one we can afford to lose this is so basic reminder but we can still something this.
One key to success in crypto is getting in early on projects before they gain widespread popularity. I look for gems that meet certain criteria in terms of technology, team, and roadmap.
When market sentiment is overwhelmingly negative or "fearful" on a quality asset, that can actually present a great buying opportunity. Crypto investing certainly requires a cool head and discipline to avoid emotional decision making.
Often, the opposite action of what seems obvious ends up being more profitable. With this in mind, I believe NADA is a gem that shouldn't be overlooked, even with its relatively modest $15 million market cap currently.
Analyzing the NADA chart on Bitget, the technical setup looks quite bullish to me with steady accumulation and upside potential. NADA's growth trajectory so far mirrors the early days of breakout hits like MAVIA. Just my 2c