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Daily NFT/Crypto Market Update: Hitting Over 100 Sales

Daily NFT/Crypto Market Update 11/1/2022 | A Thread 🧵🧵🧵

OVERALL TRENDS

The crypto market was relatively stagnant today as well with just consolidation and stable prices for crypto. BTC is just under 20.5k while ETH sits under the 1.6k mark.

1/ NFTs had a pretty boring day as well coming off the massive Art Gobblers play yesterday. It seems people are still very hesitant to invest their liquid and very rightfully so.

2/ Degen mint of the day: PROOF OF ETHEREUM MINT

@ProofEthereum is a 2604 supply project that got lots of attention today. With over 1600 sales on the day, this reached over 0.1 ETH before settling at its current 0.07 ETH floor. Proof of Ethereum is an art generative project for

3/ the Ethereum history romantics each representing a different day of Ethereum's life. The art used things like gas, hash rate and contracts to design the art, so it's pretty cool. @ProofEthereum could be something to monitor going into tomorrow.

4/ HEXGO MINT

@HEXGO_NFT is a 5k supply NFT that led the market in sales today with over 1600 on secondary. This minted out at 0.1 ETH each and has been hovering around that floor price now. Hexgo is project aiming to be the 1 utility NFT in the Web 3 space.

5/ With things like weekly giveaways, a metaverse island, alpha, tools and more, @HEXGO_NFT has made utility it's priority. This is something you could look into if you're interested.

6/ HUGO x IMAGINARY ONES SELLOUT

@HUGOBOSS x @Imaginary_Ones NFTs sold out today and they did very well. Minting at 0.25 ETH for WL users, this has now risen all the way to a healthy 0.9 ETH floor. This Hugo and Imaginary Ones collaboration was made with the goal of creating

7/ a collection that focuses on embracing your emotions. I am sure fashion and Hugo merch will somehow be involved in this project too, so this is likely something you want to keep an eye on for announcements.

8/ OVERALL THOUGHTS

We have a big day tomorrow with some important macro-economic news that I expect can lead to some volatility in the market. The US interest rate hikes are being officially announced on Wednesday and they will be

9/ high once again. We have been seeing some recent rallies but I would be prepared for anything to happen. 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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