NiftyNoon: RTFKT Onboards Lebron James to Clone X... Does it Matter?
While Lebron James has been seen wearing RTFKT sneakers in the wild, this affiliation may not mean much in the long run (May 3, 2023)
Nifty Thought
In the midst of a deep bear market, any potential catalyst for new buy pressure is to be celebrated. While the news of RTFKT onboarding Lebron James, one of the most notable basketball players of all time, into Clone X is exciting, history suggests it will ultimately do very little for the floor price of the project in the long run. While these initial celebrity endorsements can be exciting in pushing up prices, oftentimes the affiliation is only superficial. Take, for example, Sofia Vergara’s purchase of a World of Women or Jimmy Fallon’s usage of a Moonbird as his Twitter profile picture. The initial wave of excitement and price action is typically short-lived as the celebrity moves on with their life and shifts their attention elsewhere. While there are exceptions to this trend (i.e. the true embrace of Bored Ape Yacht Club by Snoop Dogg and Eminem), these remain true aberrations. Immediately following the Lebron James Clone X news, many Blur farmers began sweeping the project causing very positive price action. It is the opinion of NiftyNoon, however, that this pump will not last long.
Highlighted News
RTFKT Onboards Lebron James to Clone X:
https://twitter.com/zaptio/status/1653572559169015808?s=46&t=BcYAxmerwbJJe8o9452Pfg
Blend is now the #1 NFT lending protocol by volume and users on Ethereum:
https://twitter.com/blur_io/status/1653459789635043336?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Amidst Blend excitement, 9GAGCEO advises against leveraging or borrow money to buy any Memeland assets:
https://twitter.com/9gagceo/status/1653438089837314050?s=46&t=1Htus396yShStdTR9uaf8w
Project and Community News
Otherside shares Sediment Fragment details:
https://twitter.com/othersidemeta/status/1653474592944472070?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Coinbase launches Coinbase International Exchange, offering BTC & ETH perpetual futures settled in USDC with up to 5x leverage to institutional clients in eligible jurisdictions outside of the U.S:
https://twitter.com/coinbase/status/1653385513011740672?s=46&t=MyntOPtQQwIKfvizUD0CcQ
BitcoinBaddiez says people are being refunded yet the deployer claims they were “hacked” and has sent all the presale funds through ChangeNow:
https://twitter.com/zachxbt/status/1653523815589203974?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Moonbirds share the Diamond Exhibition mint reopens for Mint Pass holders and new Diamond Nested birds:
https://twitter.com/moonbirds/status/1653460132389601280?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Pudgy Penguins presents the Pudgy Workbench, a workbench that contains hidden secrets throughout:
https://twitter.com/pudgypenguins/status/1653490432708423680?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Sotheby’s announces the next evolution of Sotheby’s Metaverse is here:
https://twitter.com/sothebysverse/status/1653049950786265094?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
ApeCoin shares the Application Period for the DAO-approved Community Discourse Facilitator roles will remain open until Friday, May 5th:
https://twitter.com/apecoin/status/1653390592381009920?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Cirrusnft warns about Clone X pump and dump:
https://twitter.com/cirrusnft/status/1653584588592275456?s=46&t=gTiCw2J8qM-_G8Mnrl1_lw
Lebron James wearing RTFKT x Nike sneakers is a big deal and here's why:
https://twitter.com/KantoCerulean/status/1653571003707170817?s=20
nftworldsNFT is getting a rebranding and there is also a new Smart Contract, with the team advising not to buy an NFT World until May 5th, only then the new Smart Contract will be valid:
https://twitter.com/frostyfritz/status/1653384696355495937?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Prguitarman presents upcoming collection available for all users who visited the shop or tried to make a purchase on Reddit Gen 3 launch day:
OnChainMonkey announce an upgrade to their Tier System, introducing the OCM Super Set, now part of Apex Tier, Tier 1:
https://twitter.com/onchainmonkey/status/1653460259552231424?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Quick Stats:
OpenSea ETH Daily Volume: 2,549 ETH (▼ 9.96%)
Blur ETH Daily Volume: 10,857 ETH (▼ 11.13%)
BTC: $28,511.37 (▲ 1.34%)
ETH: $1,859.15 (▲ 1.25%)
Solana: $21.37 (▼ 2.73%)
Polygon: $0.98 (▲ 2.02%)
NFT Daily Winners:
🧬 Clone X: 3.21 ETH (▲ 5.25%)
🐧 Pudgy Penguins: 4.30 ETH (▲ 4.34%)
🏴☠️ Captainz: 7.69 ETH (▲ 3.92%)
🦧 Bored Ape Yacht Club: 51.29 ETH (▲ 2.99%)
🦉 Moonbirds: 2.43 ETH (▲ 0.83%)
🌈 Doodles: 2.76 ETH (▲ 0.40%)
🐈⬛ VeeFriends: 2.33 ETH (► 0.00%)
NFT Daily Losers:
🥃 Proof Collective: 6.80 ETH (▼ 0.03%)
🏳️🌈 Chromie Squiggles: 8.99 ETH (▼ 0.11%)
🚬 CryptoPunks: 54.25 ETH (▼ 0.73%)
🥔 Potatoz: 2.94 ETH (▼ 0.81%)
🧝🏼♀️ DigiDaigaku: 3.69 ETH (▼ 1.37%)
🧟 Mutant Ape Yacht Club: 11.19 ETH (▼ 2.02%)
⛩️ Azuki: 15.80 ETH (▼ 4.42%)
Notes:
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