Some compare $ME with $TNSR , and some with $BLUR
MagicEden as a full-chain exchange
TNSR as a solnft exchange
BLUR as an ethnft exchange
I believe ME > Blur + TNSR
Of course, such a simple analysis is not appropriate
👇 See the main text below
-Today is the first day of full unlocking for ME airdrop
It is natural to have a lot of selling pressure, as most people just withdraw to sell on exchanges since there isn't much visible 'value'
So-called value is staking for rewards? Many people have played this out, like Blur's second phase staking where those who staked Blur have suffered losses, and the so-called rewards are not enough compared to the drop in value
-The overall market fundamentals are unstable
With Christmas approaching, many people are avoiding risks and waiting to act after New Year's Day. In the few hours after ME's launch, BTC kept declining, which also affected the altcoin market
-NFT is actually considered a niche track
The number of players has never been particularly large, mostly just a group of players entertaining themselves. Combined with the decline of NFTs, many old players are also leaving
-The airdrop hunters are basically in a break-even state this wave
In fact, many who are misusing or incorrectly approaching it will face witch issues. In reality, not many people have talked about the freedom of ME's airdrop
-So what applications does ME have?
ME has released a market trading pair, and trading NFTs on its platform can use ME for transactions. From a short-term perspective, this is linked to the platform's trading volume
Currently, the volume unlocked in the first phase is still very small. I believe that in the future, with trading pairs for NFTs/runes, ME transactions will have additional points or will definitely have an empowering effect on the second phase airdrop
Of course, this may also be the last fantasy before NFT players' dreams are shattered
But at least I think ME's circulating market value should be greater than Blur
