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Daily NFT/Crypto Market Update: Hot Pockets, BNB 500 Million DoLLAR HACK

Daily NFT/Crypto Market Update - 10/6/2022 | A Thread 🧵🧵🧵

OVERALL TRENDS

While there was not too much movement today in the crypto market, we did end a little down from yesterday. BTC dropped below 20k while ETH has still been around the 1.35k range.

1/ NFTs had a decent day today with a few paid mints seeing some success. The market has been a little weird lately, but has still yielded plenty of chances for traders to make some money.

2/ Degen/free mint of the day: SPACE ADDICTS

@SpaceAddictsNFT is a 5555 collection that led the market today in sales. Seeing over 4500 sales on secondary, this peaked at 0.02 ETH before dropping back down to where it currently rests at 0.01 ETH.

3/ @SpaceAddictsNFT is a character driven NFT revolving around rival pizza factions. The art is pretty retro and unique, so this was able to gain some traction and make good profit for investors.

4/ PROBABLY A LABEL MINT

@probablyalabel was the hyped mint coming into today and it did not disappoint. This saw over 3000 sales today and is currently at a floor of 0.16 ETH. This NFT is a collab between @probablynothing and @warnerrecords to create a

5/ Web 3 record label music brand. This is the brain child of @jeremyfall who we have consistently seen put out great content in the space. This @probablyalabel is for sure something you should watch.

6/ SOUGEN GENESIS COLLECTION VOLUME

@sougenco Genesis is a 8888 collection that sold out today at 0.03 ETH per NFT. With over 2500 sales for the day, this performed well and sits above mint at 0.05 ETH. Sougen is a 3D NFT collection that boasts a Web-first Metaverse that

7/ holders will get access to. In my opinion, the art is super clean, but we will see if this @sougenco can continue its volume and stay alive throughout the next couple of days.

8/ BNB 500 MILLION DOLLAR HACK

@binance has halted its chain after a HUGE hack happened. The Binance Smart Chain is just the latest in a long string of cryptocurrencies to be exploited as of late. This heist turned out to be around 500 million dollars and

9/ has shook up the market big time. This is the second largest hack in history, showing that we are still in very infant stages of crypto. Be safe and stay wary.

10/ OVERALL THOUGHTS

With the huge @binance hack today, it once again is a reminder that we are very early in the space. These setbacks happen and it shows that even the biggest names may not make it long term.

11/ Keep taking profits aggressively during this bear because you never know what will happen. Thanks for reading and have a great day Kings! Follow my twitter if you enjoyed! 💵👑

This post is based on this twitter thread.

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