As the NFT market heats up again, we have observed an interesting phenomenon: funds are shifting from the memes sector to strong NFT projects. In this trend, established projects like CryptoPunks and Bored Ape Yacht Club (BAYC) have performed particularly well, with their market performance far exceeding the average level of the market.

However, this change in the flow of funds has also put pressure on some projects that were originally performing well. For example, the Fat Penguin (PENGU) project has begun to face challenges. At the same time, some eye-catching newcomers have emerged in the market, such as ANIME and DOOD. The ANIME project has quickly attracted a lot of attention by leveraging the influence of anime IP, while DOOD is seen as a potential stock due to its low valuation and strong community support, with some analysts even predicting that it may have tenfold growth potential.

In contrast, the current situation of the PENGU project is not optimistic. Its relative strength index (RSI) has exceeded 80, indicating that it may be in an overbought state. Coupled with its high valuation of $2 billion, the investment risk cannot be ignored.

The competition in the NFT market is becoming increasingly fierce, and investors need to evaluate each project more cautiously. While keeping an eye on popular trends, one should not overlook fundamental analysis of the projects. Real investment opportunities often lie hidden in data and potential, rather than just following the hype.

As the market continues to evolve, we may see more innovative projects emerge and intense competition among existing projects. For investors, staying vigilant, conducting in-depth research, and adjusting investment strategies in a timely manner will become increasingly important. The future direction of the NFT market will depend on the actual value of the projects, their innovative capabilities, and community support, rather than just short-term speculation.