strong buy
Successful Micro-Flip with NFT and ETH Profits
The flip was definitely a clever move.
I checked out this collection, and it was slowly minting — they’re still minting even now, despite an overall lock. The utility isn't entirely clear, except that there's a burn mechanism reducing supply. Usually, such mints soar 2-3 times immediately, but this one has been sluggishly creeping for nearly 8 hours.
Anyway, I bought $150 worth of ETH yesterday, minted the NFT today, spent about 4 hours on it, and sold for $191. I ended up making more profit from the ETH price increase than from the NFT itself. Even if it triples or quadruples in value later, I won’t mind.
This was a somewhat basic micro-flip; I plan to reinvest the profit into an asset on an abstract platform.
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AI Analysis
The individual executed a micro-flip in the NFT marketplace that involved minting an NFT from a collection with slow minting activity and unclear utility.The NFT collection's utility includes a burn m...
AI Recommendation
Considering the successful quick profit from this flip, the strategy of timing NFT minting and leveraging ETH's price movement is validated. However, it is crucial to carefully evaluate the utility an...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.