The world of NFTs is filled with projects vying for attention, but some possess unique qualities that suggest they might be undervalued. 0n1force is one such NFT collection. In this article, we’ll cover some of these factors which might create opportunities for undervaluation to happen. Furthermore, it will serve as a guide for evaluating other, similar NFT investment opportunities. ThrowingToken.com provides expert insights to navigate the NFT landscape and help readers make informed decisions.
What is 0n1force?
0n1force is a set of unique 7,777 generative side-profile character NFTs, with more than 100 curated hand-drawn features. That’s why, launched since August 2021, the project has already made a big splash. Second, it was the very first anime-style PFP (profile picture) project to reach popularity in the NFT ecosystem. This became a key differentiator, with the anime aesthetic not being as common in early NFT projects. Second, it innovated the unique sideways PFP format that others have since streamlined into their own successful projects. Pop artist IMCMPLX developed a distinctive artistic aesthetic that jumps off the canvas. His influences include Jamie Hewlett, famed creator of Gorillaz.
0n1force is more than art. It truly comes alive as a part of the grander ecosystem of a cyberpunk utopia filled with wonders called the Ethereal Enclave. This world is rich with lore and a passionate community. The residents of the Ethereal Enclave are separated into four clans, starting with the Common (clan Y0K-A1). This lore creates a layer of investment and interest for collectors, building a deeper community around the project. Since its launch, 0n1force has gained more than 54,000 ETH in transaction volume across all marketplaces. The collaborative prehab project had an ambitious 2023 roadmap. It features a 50 ETH Artist Fund to cultivate community talent, a graphic novel series, and the jaw-dropping 0n1 Conclave.
Today, the floor price of 0N1 Force (0N1) is $490.74. Its futuristic-looking art and cute aliens have brought the project 1.46 ETH in 24-hour sales volume, trailing a current total market cap of $3,815,535. The entire collection consists of 7,775 unique NFTs in the collection, with 3,308 unique NFT holders.
Why Might 0n1force Be Undervalued?
Here are a few reasons why 0n1force is shaping up to be one of the NFT space’s most underrated gems.
- Pioneering Status: As the first anime PFP and sideways PFP project, 0n1force holds a unique place in NFT history. This first-mover advantage could translate to long-term value as the NFT space matures.
- Artistic Merit: The distinctive art style, inspired by renowned artist Jamie Hewlett, gives 0n1force a visual appeal that resonates with a broad audience.
- Ecosystem and Community: The Ethereal Enclave lore and active community contribute to the project's stickiness and potential for future growth. The planned graphic novel series and 0n1 Conclave further enhance the ecosystem.
- Market Dynamics: The rapid price appreciation observed in the past, such as the floor price jumping to 1.54 ETH in a few hours, suggests that the market may not have fully recognized the project's intrinsic value.
Yet June 2023 proved to be a especially volatile period for 0n1force, an indicator that can help explain its undervaluation. Any market volatility creates opportunities for the most savvy and prudent investors to pick up quality assets at discounted prices.
Wei's Prediction and Market Analysis
While specific details of Wei's prediction aren't provided, the rapid price movements and options trading activity surrounding 0n1force suggest a belief in its potential for growth. For instance, a trader would have purchased a call option for 0.047 ETH and exercise price of 1.3 ETH. After the floor price increased to 1.54 ETH, this trader had already made significant earnings, demonstrating how one can achieve great success with rewarding returns.
The NFT derivatives market has skyrocketed in recent months. Trading volumes often fluctuate based on the floor prices of some of the leading NFT collections like Wrapped Cryptopunks, Bored Ape Yacht Club and Pudgy Penguins. This is an indication that the NFT market is maturing. It further marks a disturbing trend towards the increasing acceptance of financial instruments that lend themselves to speculation on price fluctuations.
Evaluating Similar NFT Investment Opportunities
There’s no question that investing in NFTs is full of risk, but having proper risk management measures in place is key. Here are a few key considerations:
- Project Fundamentals:
- Artistic Quality: Assess the quality and uniqueness of the artwork.
- Team and Roadmap: Research the team behind the project and their long-term vision.
- Community Engagement: Evaluate the strength and activity of the community.
- Utility and Ecosystem: Determine if the NFT has any utility beyond being a collectible, such as access to exclusive events or content.
- Market Analysis:
- Floor Price and Volume: Track the floor price and trading volume to gauge market sentiment.
- Holder Distribution: Analyze the distribution of holders to identify potential risks of price manipulation.
- Comparison to Peers: Compare the project to similar NFT collections in terms of price, volume, and community size.
- Risk Management:
- Diversification: Spread investments across various NFT projects, genres, and sectors to offset potential losses in one area with gains in another.
- Due Diligence: Conduct thorough research and due diligence before investing.
- Set Stop-Loss Orders: Implement stop-loss orders to limit potential losses.
Risk Management Strategies
By adhering to these principles, investors can better position themselves in the NFT landscape and boost their potential for success. ThrowingToken.com is dedicated to empowerment through insight and tools. Our guidance is designed to help you navigate this fast-paced NFT landscape and generate smart, efficient decisions.
- Diversification: Do not put all your eggs in one basket. Diversify your NFT portfolio to mitigate the impact of any single project's failure.
- Due Diligence: Thoroughly research each project before investing. Understand the team, the roadmap, and the community.
- Set Realistic Expectations: The NFT market is volatile. Be prepared for potential losses and avoid investing more than you can afford to lose.
By following these guidelines, investors can navigate the NFT market more effectively and increase their chances of success. ThrowingToken.com is dedicated to providing the insights and tools needed to make informed decisions in the dynamic world of NFTs.
