Eugene "Pump Signal" NFT, this collection's performance will outpace that of the "ETH Beta" coin.
BlockBeats News, August 10, Trader Eugene Ng Ah Sio posted on his personal channel, stating, "The so-called concept of 'Leveraged ETH Beta' is always revisited by speculators as long as the underlying asset is in a trend. At different times, the market will prefer different names (assets). But all these names share the same flaw - their performance as 'Beta' is not ideal."
The definition of Beta implies that as the underlying asset's price fluctuates, the Beta asset's volatility should be greater than the underlying asset (correlation> 1). For all other altcoins, this means that funds need to flow from ETH to the altcoin. In the past, when optional assets were limited, this logic was effective. However, in today's market, facing a multitude of projects trying to become the 'preferred ETH Beta,' people easily get confused."
However, there is still a relatively low-profile type of asset, that is NFTs. Their uniqueness lies in the fact that their price is denominated in ETH, so the market does not need to sell ETH to acquire this asset. Even without any speculation on a specific NFT, you can do nothing and directly enjoy the increase in ETH.
I suspect this situation will change soon - as ETH approaches its historical high, the market will realize that instead of chasing a specific ETH Beta altcoin, it is simpler to speculate on NFTs directly. This happened in 2021, and I see no reason why it won't happen again."
In my opinion, there are currently only two NFT series worth speculating on: CryptoPunks and Pudgy Penguins. I have never been a successful NFT trader, so whether my speculation this time will come true or remain in the speculation stage is quite worth looking forward to."
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