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Daily Price Analysis: Bitcoin, Ethereum, Bitcoin Cash, Ripple

Daily NFT/Crypto Market Update - 10/14/2022 | A Thread 🧵🧵🧵

OVERALL TRENDS

The market saw a great day today with some huge gains today as the crypto market was up over 7% for the day. BTC is nearing 20k while ETH is above 1.3k.

1/ NFTs also saw a great recovery day too as we saw a lot of high sale projects. The market has been looking good so we hope to continue this trend in the coming days too.

2/ Degen/free mint of the day: BE VEE SUMMER COLLECTION

@BeVEENFT is a 10k collection that performed very well today. Seeing over 5700 sales for the day, this currently sits at a healthy floor of 0.066 ETH, giving great profits to minters and investors.

3/ @BeVEENFT takes you on a journey of nostalgia by the artist Ramdaram @rrr001222 The art looks very clean imo so this will for sure be on my watch list for tmmr as it handles day two investing.

4/ NYOLINGS MINT

@Nyolings is a 7777 collection that saw some great volume with over 180 ETH traded. With over 5700 sales on secondary, this sits at a floor of 0.045 ETH. Nyolings is a 3d collection of cute character that reminds me of the cute meta.

5/ The vision of the @Nyolings project is to combine Web 2 and Web 3 and create a strong community. If this sees more volume tomorrow, this will be something to monitor.

6/ WHITE HEARTS 1.0

@WhiteHeartsNFT is a paid mint that also saw some decent volume. This 2.5k collection saw over 2200 sales today and sits at a current floor of 0.065 ETH. White Hearts has some unique art illustrated by @meiroru and

7/ released by Mezzanotte. I can see people vibing with the art of this @WhiteHeartsNFT project so this could be something to look out for if it picks up some traction on secondary.

8/ CRYPTO UPDATE

The inflation report came out today and it had a huge effect on the market. Core inflation hit 40 year highs, however, the market bounced back and had a great day. People likely overestimated how bearish results would come out and

9/ short covering also probably played a notable part in the rise. While inflation hikes are bad short term, they are a necessary thing long term to get back into a bull market.

10/ OVERALL THOUGHTS

With today’s inflation report coming out and the big bounceback we saw in the markets, I think a trend has been emerging. With previous big reports like this, I have noticed how the market overestimates how bearish the data will

11/ come out and we normally see an upwards trends following the results. This could be something to look out for when investing. Thanks for reading and have a great weekend Kings! Follow my twitter if you enjoyed! 💵👑

This post is based on this twitter thread.

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