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It's amazing to see @moonbirds at a 2.5 ETH floor with this strong price action
BUT
I think the market just clearly values the collection wrong.
👇Let me get it straight👇
I get that the IP is cool and the plans are amazing and @spencer buying the collection is a huge turn for the project and the community overall
But with the current achievements that they made it just clearly makes no sense for 1 bird to worth 2.5 ETH
Even if we compare it to other projects that focus on:
-building an IP
-distributing
-Been here for years straight building the community
-Strong presence in social media
-Making actual revenue from their products
Like @ChimpersHQ, @SappySealsNFT, @osf_rekt, @LilPudgys
The valuation just clearly makes no sense
Based on the fundamentals I would flip the board I'd rather see Moonbirds at 0.7- 1 ETH floor and @ChimpersHQ at 2-2.5 ETH floor
I get that there's now FOMO making people ape into the birbs and it's never the fundamentals that are important and also the future is bright but the valuation is clearly off
Matter the fact I'm still a buyer at Moonbirds but at a 1.5-1.8 ETH floor where I think they will consolidate at in the future really soon
Do you think @moonbirds are fairly priced?
Are they overrated?


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