NiftyNoon: Is NFT Liquidity Leaving for Altcoins?
As NFT prices continue to plummet, various small cap altcoins begin to pickup steam (April 25, 2023)
Nifty Thought
With NFT speculation mania coming to an end, there has been a recent shift in crypto from NFTs toward small-cap altcoins. In a sense, these altcoins capture much of the same “degen” and gambling mentality that NFTs once occupied. Therefore, it is natural to expect this liquidity to move toward altcoins. In the short term, understanding this liquidity movement can be highly profitable for effective traders. For most people, however, this will likely not be an efficient use of capital. In the long run, this shift in speculation liquidity is unlikely to impact much for the viability of NFTs.
Highlighted News
Over 20 Nakamigos holders blindly send $$$ to private address for meme coin presale which ends up in 60 ETH rug:
Bored Ape Yacht Club delay Evo 1 reveal to May, sharing they need some more time to figure this out:
Project and Community News
Moonbirds Artwork Rank goes live, with Day One Mint Pass holders having until April 26 to burn to submit their preferences:
FATES Founders share letter stating that FATES will no longer be a funded gaming project and will remain solely as an art NFT project for fans to remember it by:
Mev Bot is making 30 ETH every few hours on memecoins:
VeeFriends share today is the final opportunity to change Cynical Cat’s mind in the quest for CryptoPunk #9585:
Nifty Gateway share excitement for welcoming Grant Yun back to Nifty Gateway Curated this Thursday, April 27th at 6:30pm ET:
NFT Inspect unveil the NFT Inspect Council:
Gutter Cat Gang introduces the GCG Community Toolkit – a curated and ever-growing collection of GCG Community brand assets that acts as a helpful resource for Gutter members looking to create with their digital collectibles or build stand-alone brands:
https://twitter.com/GutterCatGang/status/1649454663828381697
@theo2k2 shares thread accusing @thrown_xyz of sexually harassing his girlfriend during NFTNYC:
Thrown apologizes to Theo and girlfriend for NFTNYC incident:
https://twitter.com/thrown_xyz/status/1650682733650378752?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
People selling NFTs are selling at big losses recently, day-in-day-out:
Two Trippy Fur Apes sold for a total of 412E ($758,080):
https://twitter.com/cirrusnft/status/1650662811071320064?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Azuki #732 and other 3 swapped on NFT Trader:
https://twitter.com/AzukiBots/status/1650704713405595648?s=20
Mad Lad #8566 sold for 1299.00 SOL ($27,642.72 USD):
https://twitter.com/madlads_sales/status/1650552312190971914?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Quick Stats:
OpenSea ETH Daily Volume: 2,507 ETH (▼ 19.98%)
Blur ETH Daily Volume: 6,793 ETH (▼ 26.82%)
BTC: $27,274.30 (▼ 0.71%)
ETH: $1,816.34 (▼ 1.72%)
Solana: $20.90 (▼ 1.75%)
Polygon: $0.97 (▼ 2.36%)
NFT Daily Winners:
🧬 Clone X: 2.78 ETH (▲ 4.51%)
🌈 Doodles: 2.33 ETH (▲ 3.53%)
🏴☠️ Captainz: 7.69 ETH (▲ 1.17%)
🧟 Mutant Ape Yacht Club: 11.06 ETH (▲ 0.78%)
🏳️🌈 Chromie Squiggles: 8.50 ETH (▲ 0.71%)
NFT Daily Losers:
🦧 Bored Ape Yacht Club: 50.77 ETH (▼ 0.27%)
🥃 Proof Collective: 8.40 ETH (▼ 1.18%)
🚬 CryptoPunks: 48.20 ETH (▼ 1.23%)
🥔 Potatoz: 2.97 ETH (▼ 1.66%)
⛩️ Azuki: 14.75 ETH (▼ 1.67%)
🐧 Pudgy Penguins: 3.86 ETH (▼ 1.97%)
🦉 Moonbirds: 2.38 ETH (▼ 3.41%)
🧝🏼♀️ DigiDaigaku: 3.45 ETH (▼ 4.11%)
🐈⬛ VeeFriends: 2.34 ETH (▼ 10.31%)
Notes:
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