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Daily Altcoin Market Update: Massive Haul, Massive Mappings, and Massive Crowds

Daily NFT/Crypto Market Update 11/17/2022 | A Thread 🧵🧵🧵

OVERALL TRENDS

We mainly saw consolidation today in the crypto market with some very small gains all around. BTC is trying to creep up to 17k while ETH is just above the 1.2k mark.

1/ NFTs saw a little bit of a more lively day with some hyped mints happening. As a result, minters were able to make good profits even in this bear market showing that not all hope is lost.

2/ Degen/free mint of the day: THE SAD TIMES

@thesadtimesnft is a 3333 supply collection that came into today decently hyped. Garnering close to 2000 sales on secondary, this free mint sits at around the 0.06 ETH mark, giving great profit for minters.

3/ @thesadtimesnft is a Web 3 brand offering an evolving 3D storytelling experience centered around sheep and their quest for happiness. This is a unique art piece with goals to also help holders network in Web 3. We will see how they play out their storytelling.

4/ 1984 WORLDWIDE MINT

@1984global is a 1984 supply NFT collection that minted at 0.05 ETH today. Getting over 2000 sales today, this NFT popped off as the floor currently sits at around 0.18 ETHH. 1984 Redux is a nostalgia fueled collection of misfits that grant access to

5/ the Redux universe that prioritizes world building, creative freedom, and authenticity. You also may have heard of @1984global thanks to their legal complications with @valhalla This did very well and may be worth a look.

6/ TOMIE by JUNJI ITO

@TOMIEbyJunjiIto is a NFT project celebrating the launch of Netflix anime, "Junji Ito's 'Maniac'". Minting at 0.06 ETH each, this saw close to 700 sales and sits at a current floor of 0.1 ETH. Tomie NFTs are select scenes from the original

7/ @TOMIEbyJunjiIto manga, created by Junji Ito, a well known Japanese horror manga author. This could be the first of a line of NFTs representing his work, so it might be good to be familiar with this.

8/ TWITTER ELON MUSK ULTIMATUM

After his aqusition of @Twitter, @elonmusk has been making some high demands and ultimatums. He basically said agree to work very long hours or leave. This ultimatum doesn't appear like it had a good reaction as hundreds of employees have left.

9/ While this doesn't directly affect Web 3, we all know @Twitter is the home of many Web 3 natives, so if this @elonmusk continues to have problems, we could have problems. Just something to monitor.

10/ OVERALL THOUGHTS

With a bunch of hyped mints happening today, we definitely saw more action today in NFTs. One of the big problems that we are now seeing however is @elonmusk's">@elonmusks way of running @Twitter.

11/ We have already seen a huge number of employees leave and this creates the issue of whether @Twitter

could possibly shut down. This would obviously be a major problem for Web 3 as we love Twitter. 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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