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Daily NFT/Crypto Market Update: Market Consolidation Continues

Daily NFT/Crypto Market Update 12/1/2022 | A Thread 🧵🧵🧵

OVERALL TRENDS

The market was pretty stagnant today as cryptocurrency just saw a lot of consolidation. BTC has been hovering around the 17k range while ETH is nearly at 1.3k.

1/ NFTs had a decent day today as well with a big project coming from the RTKTF team. Atleast while crypto is in consolidation, we might see a bit more action in the NFT market, so play smart right now.

2/ Degen/free mint of the day: ORIGAMI CLUB by MakerCollective

@mkrcollective Origami Club is a low supply 1k collection that did pretty well today. Getting over 1200 sales on secondary, this free mint currently sits at a floor of 0.027 ETH, giving good profits for investors.

3/ Origami Club is a collection created by a coded algorithm that folds and manipulates shapes to create abstract forms. This is by @mkrcollective, a platform for artists to express themselves in Web 3. Cool concept, we will see if this can hold its floor.

4/ RTKTF ANIMUS EGG

Animus Eggs are the newest part of the @RTFKT ecosystem and they led the market in volume today. Getting over 1100 sales on secondary, this project sits at a healthy floor of 1.3 ETH. These Animus Eggs were claims for

5/ CloneX holders and there is a lot of mystery with these. @RTFKT is a blue chip project with partnerships like @Nike and you can be sure they will continue to do big things in the space.

6/ ACROCALYPSE ROADMAP 2.0

@acrocalypseNFT Roadmap 2.0 was revealed today after a long wait. Acrocalypse is a project thats been around for a while with its own ecosystem, staking, and more. Their roadmap 2.0 announced a marketplace, P2E game, and PAPER casino minigames all

7/ to come in the foreseeable future. This did cause a little floor dip because some thought it was underwhelming, but this @acrocalypseNFT is a good project nonetheless that I believe will continue to build.

8/ OVERALL THOUGHTS

With crypto being relatively stagnant today, NFTs were able to show out a little bit more. This is always good because we need every bit of positivity this space can get and also to pump our bags.

9/ Despite everything however, remember the golden rule. Only invest what you are willing to lose. 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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