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Daily Altcoin Price Update: The Daily Market Update – Market Update

Daily NFT/Crypto Market Update 10/12/2022 | A Thread 🧵🧵🧵

OVERALL TRENDS

Another stagnant day in for crypto as we continue to consolidate leading up to the important inflation report news tomorrow. BTC is still hovering around the 19k range while ETH is just under 1.3k.

1/ NFTs had a big more going on with multiple opportunities for profit. People in general, however, seen to just be less willing to throw their money around with all the bearish things going on in the market.

2/ Degen/free mint of the day: ELFOOZ NFTS

@ElfoozNFT is a 10k collection that led the market in sales today. With over 5500 sales on secondary, this has given minters decent profits as the floor sits just under 0.02 ETH. Elfooz are a collection of elves that

3/ are in a Find-2-Earn ecosystem to gain the native token ELF. The game is set to be played with Twitter and Discord, then transitioning to AR. If the @ElfoozNFT team can pull this off, it will be pretty exciting.

4/ YUGIYN SUCCESS MINT

@Yu_Gi_Yn was the hyped project coming in today, and it did not disappoint. This 8888 collection saw over 4200 sales on secondary and sits well above the 0.077 ETH mint price with the floor at 0.25 ETH. YuGiYn is a virtual world building project that will

5/ expand their entertainment to things like manga, anime, fashion, games and music. This @Yu_Gi_Yn has done very well and the art is pretty good imo, so this is gonna be on my watch list.

6/ PROJECT KAITO MULTI-MILLION DOLLAR PARTNERSHIP

A previous free mint that saw volume a couple weeks ago was @ProjectKaitoNFT.">@ProjectKaitoNFT They kept relatively low key in the weeks following that but have now returned back to volume and sales charts thanks to some big partnership news.

7/ The company has not been named, but the @ProjectKaitoNFT team has announced their multi million dollar partnership. This will be something to watch as more news gets revealed about this.

8/ OVERALL THOUGHTS

The market has been preparing for the inflation report tomorrow which I expect to bring some volatility to everything. The news will likely have a big effect on how people perceive these next few months to go, so this is something to watch out for.

9/ I am still taking a bearish stance on the market, so the things I recommend doing are take profits aggressively and don't overinvest. Thanks for reading and have a great day Kings. Follow if you enjoyed! 💵👑

This post is based on this twitter thread.

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