NiftyNoon: NFT Market Experiences Healthy Retrace

NFT collections across the board experience price retraces across the board (January 10, 2022)

Nifty Thought

• Although market retraces can sometimes be painful, the NFT floor price cool down the market is currently experiencing is quite healthy. No market is ever “up-only” and taking profits along the way is generally the mark of a truly disciplined investor. With that being said, the upcoming Yuga Labs mint and the Azuki mint anniversary still serve as two large potential catalysts this week that my ultimately reverse this slight downward trend. Only time will tell.

Project News

• Foundation teases new upcoming Worlds product:

  Foundation @foundation

  Make more, together. Worlds. Launching in 48 hours.

• The Plague teases a future medium article that will detail future project plans including non-dilutive expansion:

  Pons Asinorum @Pons_ETH

  Almost time to tie all of the strands together Next Medium article will show how: 1⃣Districts will work. They were introduced as Lily Pads in $FRG lightpaper (below) 2⃣The Plague spreads without dilution 3⃣ We bring Web 2 --> Web3 Only question.. Wen? plague-brands.gitbook.io/frog-coin-usdf…

  

• Limit Break CEO Gabriel Leydon announces their programmable royalty is coming soon:

  Gabriel Leydon (FREE,OWN) @gabrielleydon

  The @limitbreak programmable royalty solution should be out tomorrow! Caution ⚠️ We will be having a mega thread and blog post! 🫡

Community News

• Community discusses NFT market cool down as MAYC, BAYC, and Azuki retrace:

  Otto Suwen @OttoSuwenNFT

  1/9/2023 Market Update The NFT market has cooled down a bit since the insane weekend. Notably, we are seeing some retraces with MAYC and Azuki (the two best performing collections as of late). With ETH moving up, many are cashing out of some NFT positions to secure profits.

  

• Golden Kigu Azukis sold for 125 and 100 ETH respectively to legendary NFT investor Eb7:

  AZUKI Sales Bot @azuki_sales

  AZUKI #681 sold for 125.0 ETH (163,625$) on X2Y2 🔗looksrare.org/collections/0x… 0xba5e0aeec8d3e02528e59eb03bd30ad30a61a1966d7614c86591a503ce75f8f5

  

  Azuki Sales Bot 🤖️ @AzukiBots

  Azuki #4104 bought for 110.00 ETH (144,018.60 USD) on X2Y2 #Azuki #ikz x2y2.io/eth/0xed5af388…

  

• gm music video releases chronicling the past year of NFTs:

  Vertical Dream @vertical_dream

  gm. To all the crazy dreamers fighting to keep this market alive…

Quick Stats:

• OpenSea ETH Daily Volume: 11,056 ETH (▲ 8.80%)

• Blur ETH Daily Volume: 11,381 ETH (▲ 25.22%)

• BTC: $17,320.04 (▲ 0.09%)

• ETH: $1,332.74 (▼ 0.24%)

• Solana: $16.20 (▼ 6.00%)

• Polygon: $0.85 (▼ 2.36%)

NFT Daily Winners:

• DigiDaigaku: 12.40 ETH (▲ 21.50%)

• VeeFriends: 4.99 ETH (▲ 10.89%)

• Doodles: 7.00 ETH (▲ 2.70%)

• Clone X: 5.72 ETH (► 0.00%)

• Pudgy Penguins: 6.60 ETH (► 0.00%)

NFT Daily Losers:

• CryptoPunks: 66.78 ETH (▼ 0.15%)

• Chromie Squiggles: 16.90 ETH (▼ 1.10%)

• Mutant Ape Yacht Club: 18.36 ETH (▼ 1.15%)

• Bored Ape Yacht Club: 78.80 ETH (▼ 1.50%)

• Azuki: 12.79 ETH (▼ 1.55%)

• Proof Collective: 34.00 ETH (▼ 8.11%)

• Moonbirds: 8.05 ETH (▼ 9.31%)

Notes:

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