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Daily NFT/Crypto Market Update: Downturn Continues

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

OVERALL TRENDS

We had a relatively boring day today with the crypto market mainly seeing consolidation with some small losses. BTC is around 19k while ETH is just below 1.3k.

1/ NFTs had some decent volume with some degen plays popping off. The market is still struggling with very low volume to blue chips, but that does not mean that there is still not profit to be made on lower cost NFTs.

2/ Degen/free mint of the day: DOWN MARKET DUCKS

@DownMarketDucks is 10k collection that popped off today. Seeing over 7800 sales on secondary, this project was able to rise to its current floor of 0.04 ETH. Down Market Ducks is a degen play with some super clean art.

3/ It @DownMarketDucks caught huge attention straight off the bat and has been building its community. This is something to watch as I think it could be a candidate to run tomorrow.

4/ THE INFERNALS ATTENTION

With the moon of @GenuineUndead recently, some attention has returned to @theinfernalsnft thanks to the similar art. 2200 sales on secondary today shot the floor to highs of 0.075 ETH, but it has since

5/ dropped back to 0.04. With good pixel art and a strong community, this @theinfernalsnft is something to watch especially if @GenuineUndead can rise even higher.

6/ SOUGEN GENESIS VOLUME

@sougenco Genesis is a project that minted out a few days ago that has gotten lots of volume. With over 1300 sales on secondary, this sits at a 0.15 ETH floor thanks to some developments for the team.

7/ The team sold out their Builder Pioneer pass and had a bunch of @sougenco genesis holders playing in their metaverse post reveal. I plan on keeping this on my radar for more updates.

8/ OVERALL THOUGHTS

The market has been slower recently but we have picked up a little bit on the degen side. We had lots of sales for free mints, so hopefully we can keep up this volume tomorrow.

9/ Markets have been pretty dead recently so a little bit of activity will be great. 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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