The author is bullish on APE and BLUR, believing they are undervalued and have upside potential.
Added 2 coins to spot bids list this week:
$Ape: I think a lot of many people got hurt buying the dip on ape for years amidst very inflationary tokenomics and a downtrending NFT market. Now the tokenomics are different, actually deflationary with ApeChain/Otherside burn and staking is also over.
It's the OG NFT-associated token, always been a sick ticker and as Apes lead the NFT run this month, having their ecosystem token with real scaling and utility potential at ~80M (1/5 the current MC of pengu) seems very asymmetric. We like the apecoin.
$blur: I hate what blur did to NFTs with their farming. But despite people calling it a rug/dead, it is not dead as a marketplace. Since OS farming ended, the majority of sales of the top volume collections have happened on blur over opensea.
Their knack at creating a fast, simple platform for NFT trading was always undeniable. Pacman posted a job listing for a new engineer for Blur in Dec 25'. Despite my hope that they never do NFT farming incentives again, I think they resurface soon with some interesting updates, Pacman is still a smart dude who has been ahead of the meta many times.
It sits at 90M MC doing more volume than OpenSea on top collections, while people were valuing the OpenSea token in the billions when TGE was on the table. Once again, seems asymmetric.