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Daily Crypto Market Update: Market Consolidation Continues

Daily NFT/Crypto Market Update 11/19/2022 | A Thread 🧵🧵🧵

OVERALL TRENDS

Today was another boring day in the crypto market as we mainly saw consolidation all around. BTC is still hovering around the 16.5k mark while ETH has been around 1.2k.

1/ NFTs have been relatively lowkey as well with only a couple of profitable plays. Market sentiment continues to be bearish with people not wanting to invest right now. We wait for a catalyst to spark the market.

2/ Degen/free mint of the day: AYAHUASCA CATS

@AyahuascaCats is a 7777 collection of cats that has seen a bunch of sales recently. Getting over 4000 sales on secondary, this project currently sits below 0.01 ETH, but was still able to give small profits for minters.

3/ @AyahuascaCats is a Japanese project by artist Mameko Mameda. This looks like an art and community based project that emphasizes good vibes. Straight degen but it does fit the asian meta.

4/ HUMANKIND LUNCHBOXES SELLOUT

@humankindArt Lunchboxes is a paid mint that finally sold out and is seeing great volume. Getting close to 1500 sales on secondary, this project sits at a current floor of 0.11 ETH. Humankind Lunchboxes is an art and storytelling based project by

5/ artist @pablostanley This @humankindArt took a while to mint out, but it finally did and people love the grounded and nice vibes around the project. Doxxed founder and it will be interesting to see if this can maintain traction.

6/ OTHERSIDE YUGA LABS PICKING UP

Lately we have been seeing volume within the @OthersideMeta collection pick up. These are the land plots part of the @yugalabs ecosystem along with @BoredApeYC MAYC and more. We do not know exactly when, but it looks like the story will

7/ continue soon as it was planned to be sometime in Q4. The @10KTFshop twitter has also been posting some hints, and we all know @yugalabs recently acquired them. This will be huge whenever it happens to be on the look out for this.

8/ MITSUBISHI WARNING

Many of us have heard of the "hyped" project @Mitsubishinft launching soon. Well recent news has confirmed that this will be a rug as the founders @jpegzack and @Isaac_degen are serial ruggers and will be doing it again here.

9/ This is yet another reason to do your due diligence and research and not to trust someone just because they have a lot of followers. It is a good thing this was brought to the public's attention before mint, so make sure to stay away form @Mitsubishinft at all times.

10/ OVERALL THOUGHTS

With the market remaining relatively stagnant, I want to stress once again to not get antsy on your liquid. It is always the smarter play to hold on to your money rather than force a play that you are unsure about.

11/ Keep staying on top of market trends and with macroeconomic news. I'll make sure you don't miss anything. 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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