Daily NFT/Crypto Market Update 10/28/2022 | A Thread 🧵🧵
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!
👑💵This post is based on this twitter thread.