Starclaw59.eth
Starclaw59.eth 3 minutes reading from Bitcoin

Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin: Big Upside

Daily NFT/Crypto Market Update 10/28/2022 | A Thread ๐Ÿงต๐Ÿงต

OVERALL TRENDS

Crypto had a great day today after some small drop yesterday with big jumps in the two major coins Bitcoin and Ethereum. BTC jumped up to nearly 21k while ETH has peaked over 1.6k.

1/ NFTs had another low volume day as we continue to see the market be very dry. Until something big happens or a major catalyst sparks the market, look forward to boring days with not much going on.

2/ NIGHTMARE IMPS TREAT BOXES

Nightmare Imps Treat Boxes are part of the @forgottenrunes Wizard Cult ecosystem and they were given 10 participating blue chip projects such as @BoredApeYC @moonbirds and @worldofwomennft These have been hovering around a 0.05 ETH floor

3/ throughout the day as

these @forgottenrunes boxes are still getting redeemed. These are shrouded in mystery and on top of the blue chips, projects like @goblintown also seem to have a connection with this. Watch this carefully.

4/ R PLANET REVEAL

@RPlanetNFT revealed today and people are loving it. This is a women and minority led collection that minted out a few days ago and has since garnered a lot of attention from the public and smart wallets alike.

5/ @RPlanetNFT is creating an ecosystem that will connect utility and financial opportunity with purpose and IRL impact. Keep an eye on this for more volume, it could pop off.

6/ BINANCE x ELON MUSK TWITTER TAKEOVER**

Binance announced that the company backed @elonmusks twitter takeover endeavor with 500 million dollars in financing. While I am sure we have all heard the Elon and Twitter talk, this @binance move could mean some big things for

7/ us in Web 3. Apparently @binance wants to create a team to work on crypto and blockchain solutions for Twitter, so this could possibly be something along the lines of how @Reddit got Web 2 people into Web 3.

8/ OVERALL THOUGHTS

The NFT market continues to see very low volume as we struggle to find a catalyst to shoot us up. Reddit did a little bit but for the most part it didn't leak any liquidity over to other projects. Continue to hold on to your liquidity and don't get too

9/ antsy on your funds. Remember, it is never a bad to just wait for the next opportunity instead of fomoing at the peak of a project's hype. Follow my twitter if you enjoyed!

๐Ÿ‘‘๐Ÿ’ต

This post is based on this twitter thread.

Comments

Please login to comment.