I'd like to see what happens when a strategy coin launches on a legacy collection that has a lower floor price. On launch, that collection floor would instantly pump pretty hard as hundreds of NFTs would be purchased in the first few hours, people not already holding would buy the FOMO (price would still be affordable 0.1-0.2), and long time bag holders selling would be out.
What would happen next? The rising floor from actual retail volume would mean the strategy coin would be selling thier aquired NFT at 20% and initiating the buy and burn on the token. I assume the the strategy chart would pump with the buyback and create more fomo on the token, creating more NFT buys from tax.
If the NFT community hold and don't just race to lower the floor, it could be like 21 where price keeps going and people are having fun again. The problem with buying 1ETH assets with no volume is these strategies are just bag holding and we are not seeing the flywheel in action.
I want these flywheels actually working, an not just holding a portfolio of NFT's