Flipping NFTs on Solana is the more preferable way of making quick profits with NFTs
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compared to OpenSea, because the most traded NFTs on OpenSea are on the Ethereum Blockchain and we pay
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huge Gas fees, while on Solana we can flip NFTs much easier without paying Gas fees
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and the difference between the price we sell and the price we bought is a pure profit, there
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is a small commission which is acceptable and in this video I will share with you
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what I'm looking at when I'm flipping NFTs on Solana, so if you're ready, let's do it.
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Hello everyone it's Petko Aleksandrov, hope you are doing well and welcome to my Channel, in today's
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video I'll be sharing with you how I'm flipping NFTs on Solana, so straight to the point if you
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click on Stats on salonart, you will see some useful information about the different collections.
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First things first, it depends on how much money you are ready to spend, current price of Solana
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is $160, so if you're ready to spend no more than 160 then you should be looking
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for the projects that have floor price below 1 Solano and there are plenty of such collections
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but for the purpose of this video, I will be looking at something in the middle for example
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about 2, 3 Solana so right over here we have three projects that have floor price about
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2 Solana or at the current moment this is about $320 and you can see that one is the Grim
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Syndicate, Frakt, Bold Gadgers, now don't take any of those as a recommendation, I'm just sharing with
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you what I'm looking at when I'm flipping NFTs on Solana, first things first I want to
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see two positive columns over here, the first one is the average price I want to see an increasing
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average price for the last one day and at the same time, I want to see an increasing volume for
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the last 24 hours okay so if I scroll back down you will see that over here, I have those green
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percentages in both columns, as well the market cap for these is above $1,000,000, which
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is good enough for me and now I'll just open the three of them on a separate tabs and of course I
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can look for one that is a little bit cheaper, for example that one and as well I'm looking for some
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green percentages over here, I will take the Panzedox if I'm pronouncing that correctly okay again
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with a market cap above $1,000,000, so these are the five projects I will compare, first
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thing I do is I look at their Twitter pages, okay very quickly I will open all of them and let's see
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which one has a bigger community, the first one Grim Syndicate has about 7000 followers, the
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next one Frakt, 29,200 followers, much more than the first project I showed to you, the third one 36,900
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getting bigger and bigger and then we have 19,500 and with the last one 11,400, so what I do from that
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point, I live in front the ones that have the biggest communities okay, the Bold Badgers and
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the Frakt, now I'm familiar with the Frakt, it is a generative art and it combines fractals, math
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Blockchain and it delivers 10000 unique pieces of art however, it's not really attractive when you
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look at it but somehow the community finds value as I guess it is just a different generative art
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okay and the other one is the Bold Badgers which is a squat on the Solana and this is generative
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art as well, so if you're not familiar with the generative art in general, this is again an art
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where we have a different background, same body with different colors and different attributes
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like glasses, cigarette, beard, wearables and so on. Now what I want you to notice is, the cheapest ones
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for the Bold Badgers it starts at 1.99 and then we have 22222, what is it five times, six times, so
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if you want to flip NFTs, one of the easiest strategies you can use is to buy the cheapest
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one and to resell it on a little bit higher price, still keeping it on the floor price because this
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is a common strategy that many have been using on OpenSea as well but again on Solana it is easier to
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be done because you don't pay the Gas fees, so that strategy over here is nearly impossible because if
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I buy the cheapest one, any of the cheapest one, any of those 3 at 0.99, even if I flip it to
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2 I'll be profiting just 0.01 but still the one that I wanna resell will not be
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the cheapest because there will be two others that will be cheaper, okay now if you look at the Frakt
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that's not really the case because the cheapest, one sits at 2.5 and the next one sits at 2.99
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2.99 and the third one sits at 3 and you can see that there are many at 3 and a half price
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which means that if I buy the cheapest Frakt at 2.5 and I try to resell it at 2.9 it will be still
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the cheapest one but I'll be profiting this 0.4 of Solana and 0.4 of Solana at the current price
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as $64, not a big deal but easy money if I just buy even sell the NFT, alright, so personally I'm
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not a fan of this generative fractal art because it's not engaging, it's not entertaining according
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to me, but you can see there is a volume trade at, so if you decide you can give it a try, but you got
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my point I'm looking for projects where first I have positive 24 hours on the trading volume
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and the price and at the same time I'm looking for market cap at least of $1,000,000
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two, I'm looking at huge community which Frakt has and three, I'm looking for the project that
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has a floor price different compared to the next NFTs because this way I have a space to flip it
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okay, which is not the case at the Bold Badgers at the moment and with Frakt it is but one more time
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it's not an art I'm interested in this is why I will just skip the opportunity, alright so this
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is what I'm doing when I'm flipping NFTs on Solana, if you are using a different strategy to
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flip Solana NFTs, I'll be super happy to hear them in the comments below and if you have found that
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video useful make sure to give it a huge thumb up, thank you for watching don't leave without
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subscribing and pressing the notification bell, take care and enjoy the NFT world you
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