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Daily Altcoin Market Update: A Day of Crypto Market Consolidation

Daily NFT/Crypto Market Update 10/23/2022 | A Thread 🧵🧵🧵

OVERALL TRENDS

Today we had yet another day of consolidation in the crypto market. BTC barely saw any movement as it sits around the 19k mark still while ETH jumped up slightly to nearly 1.35k.

1/ NFTs have also been having pretty slow volume but we have seen the emergence of another type of NFT... Aptos. Its been seeing a lot of hype recently and I will cover it more later in this thread.

2/ Degen/free mint of the day: FIGMA LABS GENESIS

@FigmaLabs is a 5k collection that was able to see some good volume today. With over 3000 sales on secondary, this project floor has risen up to 0.023 ETH, giving good profits. Figma Labs is a Web 3 startup agency that

3/ appears to be a launchpad of sorts. Genesis holders will gain early access to collections through @FigmaLabs and it looks like there already are some lined up. Ambitious goal, we will see if the team can follow through.

4/ STREET MACHINE MANUAL REVEAL

One of the things that has been going on is the @STMachineNFT manual reveal. This takes on the CloneX and @RENGA_inc styled reveal process that adds in game theory to the reveal process. Street Machine is a big storytelling NFT that has

5/ seen major success recently, and this reveal has only given it more volume. While @STMachineNFT prices have been down and are very volatile, keep an eye on this as it could definitely see increased action later.

6/ BLUR MARKETPLACE

I talked about this earlier during the @blur_io airdrop, but I wanted to mention it again as it has been picking up some followers. Blur is a new marketplace that first got on people's radars thanks to the airdrop, but has held user retention thanks to

7/ their upcoming second airdrop and functioning marketplace. Similar with things like @opensea and @the_x2y2 take a look at @blur_io because some projects have cheaper floors there.

8/ APTOS NFT HYPE

If you have been in the space recently, you must have heard of Aptos. They first came into the spotlight with an airdrop, making people free thousands of dollars. They have since capitalized on their hype and grown their community, with

9/ the latest alpha being Aptos NFTs. Personally, I am still not sold on whether these are actually good or just really hyped, but definitely keep Aptos on your radar as it could blow up.

10/ OVERALL THOUGHTS

The biggest thing to watch right now is Aptos. It has been getting crazy hype among the community and NFTs are popping up left and right. It has already gotten nicknames like the Solana killer, but to be honest, it is

11/ still very young and it could just be getting carried by hype. Nevertheless, never fade anything in Web 3 with hype so take a look at it. 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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