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Daily Altcoin Price Update: The Tokyo Rebels

Daily NFT/Crypto Market Update - 11/10/2022 | A Thread 🧵🧵🧵

OVERALL TRENDS

Coming off the back of good CPI news, the cryptocurrency market saw some upwards trends today. BTC rose to above the 17k mark while ETH is just below 1.3k. CPI news looked good, however, it

1/ is likely just a temporary pump. NFTs saw a decent day with the KPR reveal leading the market. The market is still very bearish, however, there are some good signs to look out for.

2/ Degen/free mint of the day: THE TOKYO REBELS

@TheTokyoRebels is a 10k project that saw some degen action today. With over 3000 sales,, this currently sits at a floor of below 0.01 ETH . The Tokyo Rebels is an interesting project that was created after the rug The Tokyo Ten.

3/ This @TheTokyoRebels was made by holders as a way to keep the community together and this has been 6+ months in the making. I personally was rugged by The Tokyo Ten so this is a project I love and have a lot of respect for.

4/ KPR REVEAL

@KPRVERSE had their anticipated reveal today and it got a lot of attention. Getting over 4000 sales on secondary, this dipped all the way to 0.4 ETH before making a bounceback up to 0.6 ETH. This has been getting lots of buys from

5/ whales and smart money despite the bad market conditions. @KPRVERSE is an elite project with a great team, funding, and amazing art, so this is definitely something to monitor in the coming days.

6/ MY PET HOOLIGAN x DIGIDAIGAKU

@DigiDaigaku and @mypethooligan announced their partnership today with a fun little animated video. My Pet Hooligan looks to be ramping up as their game approaches and this Digidaigaku collab is a bullish sign for them.

7/ @mypethooligan is an older project that has backing from people like @garyvee while @DigiDaigaku is a huge project with cray funding and a strong team. This is a sweet partnership by two elite projects.

8/ BLOCKFI WITHDRAWAL HALTED

@BlockFi is the latest crypto exchange to be in trouble and see their withdrawals halted. Coming right off FTX's issue and the bad market conditions, BlockFi made an official statement on their twitter claiming that for clarity reasons they will

9/ be suspending platform activity. This @BlockFi is just more news that adds to the bearishness of the market right now as it cannot handle the mass selling we are experiencing.

10/ OVERALL THOUGHTS

Even though the CPI news gave us a great pump today, it is important to note the market sentiment right now. We are overall still very bearish and this pump doesn't look like it will last.

11/ Expect prices to lower again until the next catalyst comes around. Be very careful with your investments right now and protect your assets. 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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