US ISM Non-Manufacturing Price Index for May

The Final Chapter and Reboot of NFT: New Explorations in the IP Field 1. The Decline of NFTs The last gasp of the NFT market ended with the token launch of Pudgy Penguins, while Doodles' token launch on Solana only garnered a small response. Yuga Labs continues its downsizing strategy, even involving its most core IP, Cryptopunks. Those Bitcoin NFT projects that rose during the last wave of NFT resurgence are also nearly at zero; the once-crazy narratives have now fallen into decline and are no longer in the spotlight. The 10k PFP project once had a beautiful vision. It hoped to help a bottom-up IP project reach the world through a moderately sized community. This is completely different from the traditional IP model, which invests a large amount of money upfront to support content. Traditional IPs, such as the Marvel Universe and Star Wars under Disney.

You have ~2 $ETH. What are you buying? 1 x Lil Pudgy? 1 x Moonbird? 1 x Mutant? 2 x Creepz? 2 x Doodles? 3 x Rektguy? 8 x Moonbird Mythics? Something else?

The Final Chapter and Rebirth of NFTs: From Disillusionment to Exploration of New Models 1. The Burst of the NFT Bubble The last remnants of the NFT craze dissipated with the token issuance of Pudgy Penguins. The token issuance of Doodles on Solana also failed to generate much of a stir. Yuga

Recently, the NFT market has once again迎来热潮, with significant changes in the flow of funds. Traditional well-known projects such as CryptoPunks and BAYC have performed excellently, but the rise of emerging projects has also injected new vitality into the market. Anime IP-driven $ANIME and new projects like $DOOD, which excel in community strength, are attracting more and more investors' attention. In particular, $DOOD is favored by some analysts due to its relatively low valuation and strong community foundation, with some even predicting that it could achieve tenfold growth. At the same time, the previously highly regarded Fat Penguin project $PENGU is facing unprecedented challenges. Currently, the valuation of $PENGU has reached 2 billion USD, and related indicators suggest it may be in an overbought state, increasing investment risks. This series of changes reflects the increasingly fierce competition in the NFT market, and investors need to be more cautious. While paying attention to the popularity of projects, it is also important to analyze the fundamentals of the projects in depth, including their unique value propositions, development potential, and team strength. As the market continues to mature, the flow of funds will become one of the important indicators for assessing the prospects of NFT projects. Investors should closely monitor market trends, find a balance between hotspots and value, and make informed investment decisions.

As the NFT market heats up again, we have observed an interesting phenomenon: funds are shifting from the memes sector to strong NFT projects. In this trend, established projects like CryptoPunks and Bored Ape Yacht Club (BAYC) have performed particularly well, with their market performance far exceeding the average level of the market. However, this change in the flow of funds has also put pressure on some projects that were originally performing well. For example, the Fat Penguin (PENGU) project has begun to face challenges. At the same time, some eye-catching newcomers have emerged in the market, such as ANIME and DOOD. The ANIME project has quickly attracted a lot of attention by leveraging the influence of anime IP, while DOOD is seen as a potential stock due to its low valuation and strong community support, with some analysts even predicting that it may have tenfold growth potential. In contrast, the current situation of the PENGU project is not optimistic. Its relative strength index (RSI) has exceeded 80, indicating that it may be in an overbought state. Coupled with its high valuation of $2 billion, the investment risk cannot be ignored. The competition in the NFT market is becoming increasingly fierce, and investors need to evaluate each project more cautiously. While keeping an eye on popular trends, one should not overlook fundamental analysis of the projects. Real investment opportunities often lie hidden in data and potential, rather than just following the hype. As the market continues to evolve, we may see more innovative projects emerge and intense competition among existing projects. For investors, staying vigilant, conducting in-depth research, and adjusting investment strategies in a timely manner will become increasingly important. The future direction of the NFT market will depend on the actual value of the projects, their innovative capabilities, and community support, rather than just short-term speculation.