The Doodles NFT project, formerly considered one of the all-time successful NFT properties, is having a rough go of it. Recent market trends have left holders worried, and now the secretive tease for “Collide” has further complicated and confused holders. Li Wei, blockchain content strategist, dives into this announcement’s potential to make the Doodles universe even more vibrant. He takes stock of positive and negative developments alike, and offers practical guidance to make sense of today’s topsy-turvy world.

Understanding the Current Doodles Landscape

From a high of approximately $40,000 per Doodle NFT in December 2024, the price has plummeted. They’ve plummeted from a high of 4 ETH to under 1 ETH. After peaking at $3.1506, the value of the $DOOD token has taken a sharp nosedive. Its market capitalization crashed from $65 million USD to a mere $17 million USD. This crypto winter has led to some understandable concern from within the Doodles community.

Further fueling that nervousness is the unusual absence of big news or advances related to the project. The impact of that on-the-ground advocacy recently became clear with the enthusiastic release of an Arlington Telegram Sticker Pack. Even that doesn’t really take a step toward reversing that downward trend. Expectations are now high for the long-rumored “Collide” announcement to bring some very positive momentum into the Doodles ecosystem.

Our “Collide” tease includes a very cryptic Tweet and pretty cool picture. This has brought about quite a bit of fevered speculation and spirited discussion amongst the community. The absence of specific information has led to confusion and fear from holders. What they want to know most is how this announcement will play out to determine the future of their investments.

Potential Impacts of 'Collide': Optimism vs. Pessimism

These eventualities could be beneficial or they might be disastrous.

Optimistic Scenario: A Rejuvenated Ecosystem

“Collide” can lay the groundwork on collaterally building and expanding the Doodles universe. This would inject new life into the project and re-energize community sentiment. This could involve:

  • New Utility: Introduction of innovative utility for Doodles NFTs, such as integration into new metaverses or gaming platforms.
  • Strategic Partnerships: Forging partnerships with prominent brands or celebrities, expanding the reach and appeal of the Doodles brand.
  • Enhanced Community Engagement: Launching initiatives to foster greater participation and collaboration within the Doodles community.

Those positive developments would likely create a new wave of interest for Doodles NFTs. This influx could lead to a price recovery and increase optimism among long-term holders.

Pessimistic Scenario: Further Disappointment

“Collide” might not live up to its potential and not deliver the game-changing presence that the planning community is eagerly anticipating. This could manifest in several ways:

  • Lack of Substance: The announcement could be perceived as underwhelming or lacking in tangible benefits for Doodles holders.
  • Unclear Roadmap: A lack of clarity regarding the future direction of the project could further erode confidence and create uncertainty.
  • Missed Opportunities: Failure to capitalize on emerging trends or address community concerns could lead to further disillusionment.

In this worst-case scenario, Doodles NFT value might still tank further, and the overall community attitudes be even more negative.

Navigating the Uncertainty: Advice for Doodles Holders

Here's some actionable advice:

  1. Stay Informed: Keeping abreast of the latest developments and announcements from the Doodles team is crucial. Li Wei suggests joining the Doobro Alpha Discord to stay updated on the latest news.
  2. Engage with the Community: Participating in community-led events and initiatives, such as those funded by the Inkubator, can help holders connect with other members and stay engaged with the project.
  3. Consider Diversification: Diversifying your portfolio by acquiring different types of Doodles, such as Genesis Boxes, Dooplicators, or rare traits like Rainbow Puke faces, can help mitigate risk.
  4. Explore Utility: Holders can utilize the Dooplicator tool to create wearable items from OG Doodles, potentially increasing the value of their NFTs.
  5. Empower the Community: Applying for grants from the Inkubator to fund unique events and business experiments can empower holders to create value within the community.

Beyond Doodles: Exploring Other NFT Projects

As the Doodles community looks with anticipation toward the “Collide” announcement, let’s take a look at other NFT projects that have turned heads. Here are a few examples:

  • The Harambians: Launched on September 12, 2024, on Ethereum, with a mint price of 0.05 ETH, listed on Magic Eden.
  • Xylocats Eclipse: Launched on November 1-8, 2024, on Ethereum, with a mint price of 0.05 ETH, listed on OpenSea, featuring 10,000 unique digital artworks of space-themed cats.
  • The Nose PFP Collection: Launched on September 1-8, 2024, on Cardano, with a mint price of 8 ADA, listed on Jpg.store.
  • The TAP45: The American President NFT: An upcoming collection featuring 8,888 unique NFTs, blending American presidential history with a steampunk art style.

Doodles NFT’s are about to undergo a massive evolution. Time will tell if it ends up being a driver of reform and revival or a portent of more deterioration to come. Follow along and participate in the community. With this diversified approach, Doodles holders can not only endure uncertainty, but be positioned for long term success.