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Daily Bitcoin Price Update: Market Update: 0.1% Decline Continues

Daily NFT/Crypto Market Update - 10/15/2022 | A Thread 🧵🧵🧵

OVERALL TRENDS

We saw some slight dips today in the crypto market as the two main cryptocurrencies, Bitcoin and Ethereum fell. BTC is at 19k while ETH is hovering around 1.3k.

1/ NFTs had a decent day with some profit opportunities. Today was a good day for secondary projects as a lot of them saw increased volume. Mid term holds have been very profitable recently.

2/ Degen/free mint of the day: WEIS

@weisethers is a 5k supply collection that performed well today. Seeing over 4500 sales on secondary, this project sits at a current floor of 0.03 ETH. Weis is a pixel art project that fits the degen meta well.

3/ No roadmap or promises, @weisethers is all about community and organic growth. If this can create a cult-like holder base, I can see this running even more tomorrow.

4/ OPENSEA UPDATES

While @Opensea has had its troubles in the past, it looks like they are ramping up their development. In their latest tweet, they recapped new features they have added to their site such

5/ as collection analytics, bulk actions, and Avax NFT chain support. These are great updates that show the effort @Opensea is putting into their brand and long term vision.

6/ 0N1 FORCE VOLUME

@0n1Force is an OG anime NFT that saw a big run up today thanks to some big news. 0N1 has seen a steady drop from an ATH of 12 ETH thanks to a lackluster team, but the project has resurfaced due

7/ to speculation that @NonFungibleFilm will buy the collection. This would be HUGE and is the reason the @0n1Force NFT sits at a floor of 0.9 ETH now.

8/ STREET MACHINE RUN

Back again, @STMachineNFT has returned to the scene with a boom. After dropping to low levels post-reveal, this has once again got the market’s attention as it currently sits at a 0.53 ETH floor.

9/ @STMachineNFT is a storytelling NFT that people really vibe with, so it would be smart to watch this closely just in case it can make another run.

10/ OVERALL THOUGHTS

With the crypto market slightly down, NFTs were a little bit of the inverse. A lot of secondary projects saw good runs today as they made announcements that drew people into their community.

11/ Be on the watch for projects that have VC backing because whenever they made announcements the floor tends to go up. Thanks for reading and have a great day! Follow if you enjoyed! 💵👑

This post is based on this twitter thread.

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