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Daily NFT/Crypto Market Update: Consolidation Continues

Daily NFT/Crypto Market Update 10/2/2022 | A Thread 🧵🧵🧵

OVERALL TRENDS

For yet another day, we had little movement in the crypto market and we saw lots of consolidation. BTC sits at a little over 19k while ETH is still hovering around the 1.3k mark. NFTs saw a decent

1/ day today with some interesting projects catching traction. Overall, we have been in a low volume stretch however there is still good profit to be made if you are investing in the right things.

2/ Degen/free mint of the day: CRYPT SOCIAL CLUB PROJECT

@cryptsocialclub is a 10k collection that saw good volume today. With over 3500 sales on secondary, this gave people small profits, however, has since seen its floor drop to below 0.01 ETH. Crypt Social Club are hand

3/ drawn skulls with some ambitious goals. Their roadmap includes things like a merch collection, a second physical collection, and a roadmap V2. If this sees volume, this @cryptsocialclub will be something to watch.

4/ LINAGEE NAME REGISTER WRAPPER

The first ever Ethereum name register launched a wrapper today, creating tradeable names on @opensea from one of the legacy registers in NFTs. Obviously, the rare names minted out immediately and saw an increased floor.

5/ These include the 3 digit club and the emoji club. This collection Linagee holds value because of its historical importance for NFTs as the first NFTs on Ethereum. These could be something to monitor.

6/ POOBS VOLUME

@poobsnft is a previous degen/free mint of the day that has been seeing constant volume. This has risen the floor all the way up to 0.06 ETH after getting almost 5500 sales on secondary. Poobs consists of doodle art and a goal of unleashing more creativity in

7/ the space. Thanks to over 250 ETH traded today, I am sure the @poobsnft team has gotten a good amount of funds so I'll be watching to see if they can deliver on their roadmap with this.

8/ OVERALL THOUGHTS

With the markets both being slow, it is only a matter of time until we see some sort of catalyst. It could be something that affects crypto or it could be an upcoming mint or project that moons and sends us into a little bull.

9/ The key is to just be patient and not get antsy with your ETH. Remember, it is always better to not invest because that way you don't risk losing your ETH. Thanks for reading and have a great day Kings. Follow my twitter for more! 👑💵

This post is based on this twitter thread.

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