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Daily Altcoin Market Update: Bitcoin, Ethereum, Nuri EXCHANGE

Daily NFT/Crypto Market Update 10/18/2022 | A Thread 🧵🧵🧵

OVERALL TRENDS

The cryptocurrency market saw some small losses today as things have been trending downwards. BTC is dropping back to 19k levels while ETH is hovering around the 1.3k mark. NFTs had a more

1/ active day sales wise, however, the volume overall in the market is still very down. Much of the plays right now are low liquidity plays which make investing a little more low-risk.

2/ Degen/free mint of the day: R0G P0LL

@r0gp0ll

is a 10k collection that saw crazy attention today. With over 9300 sales on secondary today, this was able to raise its floor up to 0.02 ETH thanks to 200 ETH in trading volume. r0g p0ll is a degen project that plays off the

3/ infamous Web 3 saying, rug pull. This @r0gp0ll NFT focuses on community, bringing together people who find common ground in their failed NFTs. This is high degen, but has gotten lots of sales.

4/ SILLIES NFT MINT

@SilliesNFT is a 3333 supply project that saw some action today. Getting over 2500 sales for the day, this currently sits at a current floor of 0.035 ETH, giving good profit to investors. Sillies is another NFT that prioritizes community and has

5/ some good looking art to go along with it. @SilliesNFT wants to bring back the wholesome and fun in the NFT space, so lots of good vibes. This is something to watch if it sees good volume tomorrow.

6/ GATSBY TOOLS MINT

@GatsbyTools is a utility project that minted out and saw some good volume. With 1700 sales on secondary, this saw action, however, now has dropped below the mint price of 0.088 ETH. Gatsby Tools is an NFT analytics and automation platform with tools like

7/ a sniper, mint bot, node, and analytics graph to round out its utility. Not sure how it compares to existing tools like @AlphaSharksNFT but @GatsbyTools could be something to look into if you want a tool.

8/ NURI EXCHANGE SHUT DOWN

The latest cryptocurrency exchange to fall to the bear market is Nuri. This was a German exchange that filed for insolvency a few months ago and is officially shutting down. The financial troubles can be attributed

9/ to the Celsius bankruptcy which has had major implications on the market. This is another reminder of the bear market we are in and how risky the current market state is.

10/ OVERALL THOUGHTS

Things are beginning to sound like a broken record, but market sentiment as a whole still remains very bearish. People are preparing for more dips and it seems like it is getting increasingly likely that this could happen.

11/ As always, protect yourself by staying liquid, not investing, and profiting aggressively. 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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