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Daily Altcoin Market Update: TRU, ETC Crash, Massive Haul on Altcoins

Daily NFT/Crypto Market Update - 9/15/2022 | A Thread ๐Ÿงต๐Ÿงต๐Ÿงต

OVERALL TRENDS

Following yesterday's big Merge event, we had a very red day and Ethereum specifically crashed hard. BTC saw a drop to below 20k while ETH took a freefall and is sub 1.5k. It looks like the Merge was

1/ either priced in already or didn't make investors bullish enough because it has taken a big hit. NFTs saw a great day today with a lot of things happening and good volume on degen plays. Lots of profit everywhere in the market so thats a great sign.

2/ Degen/free mint of the day: TRUPLAY GENESIS RHYMVERSE HEROES

@TruplayG Genesis Rhymverse Heroes is a 6.7k collection that popped off today with over 6400 sales on secondary. Sitting at a current floor of 0.03 ETH, this gave great profit to minters. Truplay is a world-class

3/ entertainment platform that invites children to learn about God's truth. Part of the reason why this project saw so much attention was because of news that it got 20 million in VC funding. @TruplayG definitely has potential so I would watch this the next few days.

4/ RENGA MOON

@RENGA_inc mooned today seeing crazy volume on all three of its projects: Renga, Black Box, and The Art of Seasons. These already saw a pump a few days ago, and this pumped again as it saw lots of attention. Renga is up to 1 ETH while Black Box is at 2+ ETH.

5/ @RENGA_inc is one of the premier art projects in the space and it looks like the community is strong. Tough to say what direction this will go, but regardless this made great profit for investors.

6/ SAN ORIGIN MINT

@SanSound3 is a 10k collection that popped off tonight with over 3000 sales on secondary. This free mint is at 0.04 ETH and has been keeping up decent volume. San Origin is a music-centric ecosystem with an ambitious goal.

7/ @SanSound3 wants to combine art, music streaming, fashion, live events, and hardware together to create a unique environment for artists. This is something to watch if they can make substantial leaps towards fulfilling this goal.

8/ EPIC GAMES WEB 3 INTRO

A bullish piece of news today was surrounding @EpicGames

and its introduction to Web 3. Epic Games is most popularly known for @FortniteGame but they have strong connections with a lot of games and developers in the gaming space.

9/ Anyways, @EpicGames launched their first NFT game called @PlayBlankos This is a MMO set in a world like a huge block party, and this is something that I can see transitioning Web 2 people to Web 3. Bullish for the space.

10/ OVERALL THOUGHTS

With the crypto market crashing, it looks like people overestimated the short term hype surrounding the Ethereum Merge. While it did transition smoothly, I think people figured out that there are still things yet to be implemented like sharding which are

11/ vital parts of creating a faster network etc. Despite this, long term this was bullish, but obviously short term we saw a drop. Thanks for reading and have a great day Kings. Follow for more and I appreciate you! ๐Ÿ’ต๐Ÿ‘‘

This post is based on this twitter thread.

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