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Daily NFT/Crypto Market Update: Market Slowdown, TMNT & TMNT Developing

Daily NFT/Crypto Market Update 11/23/2022 | A Thread 🧵🧵🧵

OVERALL TRENDS

After seeing a big rise in crypto yesterday, the market slowed down today and mainly had a lot of consolidation. BTC is still hovering around the 16.5k zone while ETH is just under 1.2k.

1/ NFTs have still been low volume but we have began to see some projects on secondary see post-mint rises. This is a healthy sign for market as it shows projects can outlast the sellout hype and build trust within their community.

2/ Degen/free mint of the day: CEL APES

Going off the recent @cel_mates moon, @cel_apes is a 6969 derivative project that led the market in sales today. Getting over 3000 sales on secondary, this project sits at a current floor of 0.01 ETH.

3/ @cel_apes is a derivative from @cel_mates and @BoredApeYC combinging their hype into one collection. This is a clear degen play, however, since the bear market we have seen run a bit to give people small profit.

4/ CHIMPERS x TMNT x PARAMOUNT

@ChimpersNFT made a huge announcement today saying that they have a long term partnership with @TMNT Teenage Mutant Ninja Turtles and @paramountco These are two huge names with TMNT being a classic Nickelodeon TV show and Paramount being a

5/ huge streaming service. We don't know exactly what this partnership will entail, but it could include @ChimpersNFT features in a @TMNT video or something.

6/ CEL MATES RISE

@cel_mates is a project that minted a couple days ago and has seen consistent volume and a rise in the floor. This hovered around 0.4 ETH post mint but has since risen to highs of 0.9 ETH.

7/ @cel_mates is an exclusive hub for

counterculture and creatives to gather that has plans to expand to a streetwear brand, restaurant and record label. Keep an eye on this for further volume, it has been getting a lot of attention.

8/ OVERALL THOUGHTS

With the crypto market consolidating, things seemed to have settled down again amidst some global events like the World Cup and Thanksgiving.

9/ Tomorrow the US stock market will be closed for Thanksgiving so more eyes will be on how other global economies fare. As always, take care of yourself and have a great day Kings. Follow if you enjoyed and I appreciate you! 💵👑

This post is based on this twitter thread.

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