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Daily NFT/Crypto Market Update: Big Gains, Big Pivot, and a Whale Move

Daily NFT/Crypto Market Update 10/25/2022 | A Thread 🧵🧵🧵

OVERALL TRENDS

Today was a great day for the crypto space as we saw some big jumps with the market rising 6% on average. BTC was able to rise up to 20k+ while ETH made a 13% jump all the way to 1.5k.

1/ NFTs had a more relaxed day with only a few projects garnering the market's attention. Things have been slow, but crypto making upwards movement here was some great action for the day.

2/ Degen/free mint of the day: BORED REDDIT KARMA CLUB

@BRKC_Official is a 10k supply NFT that we all saw coming. With over 7700 sales on the day, this was able to pull its floor up to its current price of 0.015 ETH. This is a derivative of the Reddit Collectible NFTs that

3/ have taken the market by storm. Combining that hype with the degen meta made this @BRKC_Official an easy candidate to see lots of attention. Fun degen play so we will see if this can go anywhere.

4/ R PLANET GENESIS MINT

@RPlanetNFT is a 8888 supply collection that minted out at 0.08 per NFT. This saw good volume with 4k+ sales on the day and currently sits at a floor of 0.11 ETH. R Planet is creating an ecosystem that will connect utility and financial opportunity with

5/ purpose and IRL impact. This @RPlanetNFT project was helped by the @PGodjira consultancy team and they have already hinted towards some big partnerships. Keep an eye on this.

6/ DORMANT WHALES WAKING UP

Crypto has finally made a move up with Ethereum being the main beneficiary. This has broken the 1.5k mark for the first time since the Merge and it saw a lot of action today. Over 100 million dollars worth of ETH shorts were liquidated, and two

7/ huge dormant Ethereum whales may be coming alive. One whale moved 15,000 ETH to an empty wallet just before the pump, so some things may be happening there. Keep an eye on whales because we all know they move the market.

8/ OVERALL THOUGHTS

With the market getting a huge pump, we saw some much needed green today. This did cause less volume in the NFT market as pretty much on 2 plays saw volume, however, I don't think anybody is complaining. If we see more gains tomorrow, we

9/ could be in for a good week, but some corrections could be in order for crypto so we will just have to see. 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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