NiftyNoon: Is the Nakamigos Hype Real?
Nakamigos has taken NFT Twitter by storm with many collectors hoping they are getting in early on the next BAYC (April 6, 2023)
Nifty Thought
Chatter about Nakamigos has taken over NFT twitter. What started as a fun degen mint has blossomed into a sprawling community of hopeful NFT collectors that believe they could be betting on the next Bored Ape Yacht Club. The strength of the Nakamigos community is undeniable and it is very possible that they will persist in the long run.
Pragmatically, however, it will be very difficult for the project to outperform the environment in which it has minted. Indeed, Nakamigos is in a 20,000 supply NFT collection that has minted at a time when the number of active NFT buyers is consistently dwindling every month. With the onset of Yuga Labs putting out more than 100,000 new NFTs into the market, it may be difficult for the project to shine through in a way where demand meaningfully outpaces supply at a high price. With all of this being said, it is hard to fade the community strength and voice Nakamigos has demonstrated so far. If any recent project is going to defy the odds and find success, it will be Nakamigos. In every other scenario, the project will likely continue to see more volatile moves up and down before settling at a much lower price.
Project News
Editor’s Note: Substack’s Twitter integration is having technical difficulties today. We apologize for the formatting issues.
Magic Eden adds new trait-based collection offers feature:
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Valhalla introduces PLAYER ONE, a new series uncovering the trailblazers of web3:
Overload announces Interdimensional builder is open for business:
Pixel introduces the Pixelmon OG Trainers’ Armour and Weapons:
Kandyland shares info for upcoming Grand Opening mint:
Magic Eden announces PG x Magic Eden, their first Bitcoin Launchpad project:
BUGATTI and Asprey Studio announce a limited collection of precious metal objet eggs:
Souljaboy 3D NFT sold out and was reinstated onto OpenSea after being taken down:
Community News
MoonCat shares thoughts on Nakamigos developments, strategy, as well as recent floor price fluctuations:
Quick Stats:
OpenSea ETH Daily Volume: 4,779 ETH (▼ 15.63%)
Blur ETH Daily Volume: 12,653 ETH (▼ 34.46%)
BTC: $27,913.14 (▼ 2.17%)
ETH: $1,874.94 (▼ 1.87%)
Solana: $20.65 (▼ 2.62%)
Polygon: $1.12 (▼ 2.88%)
NFT Daily Winners:
🧝🏼♀️ DigiDaigaku: 4.64 ETH (▲ 13.15%)
⛩️ Azuki: 13.35 ETH (▲ 0.38%)
NFT Daily Losers:
🥃 Proof Collective: 12.79 ETH (▼ 0.04%)
🧟 Mutant Ape Yacht Club: 12.90 ETH (▼ 0.62%)
🐧 Pudgy Penguins: 4.15 ETH (▼ 1.2%)
🚬 CryptoPunks: 57.42 ETH (▼ 1.68%)
🦧 Bored Ape Yacht Club: 60.14 ETH (▼ 2.69%)
🏳️🌈 Chromie Squiggles: 9.70 ETH (▼ 4.21%)
🧬 Clone X: 2.85 ETH (▼ 4.68%)
🐈⬛ VeeFriends: 3.24 ETH (▼ 4.71%)
🦉 Moonbirds: 3.17 ETH (▼ 5.05%)
🌈 Doodles: 2.83 ETH (▼ 5.36%)
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