It's been a long time coming, but the 166k target has never left.
This golden ratio extension has nailed every major Bitcoin move this cycle, the only question being how long it takes to get there.
My current estimation is September, but this has shifted out many times as the cycle drags its feet beyond anything we've ever seen.
Data reinforces over and over that the cycle is not finished, and so the only thing left to do is to wait.
Just another 52% increase away...
BREAKING: Yuga has officially sold off Cryptopunks IP
@nodefnd acquired the Punks IP today but Yuga is still the largest holder of Punks
The IP move allows Yuga to offload some more IPs as they “get back to its apeish roots”
Below is the latest Yuga ecosystem
More details 👇
WHAT WE KNOW SO FAR:
1️⃣ @nodefnd acquired Punks IP from Yuga. Node Foundation is a non-profit organization formed to preserve Cryptopunks & push its legacy forward
2️⃣ Node Foundation will include advisory board that features Larva Labs founders @matthall2000 & @pents90, along with @GordonGoner, & @ArtOnBlockchain
3️⃣ @NaughtalieStone will help in the transition of Punks from Yuga to Node
4️⃣ Yuga has donated 5 Punks to Node. But still, Yuga is the largest holder of Cryptopunks with 400+ Punks
5️⃣ As per @GordonGoner, he hopes that “this helps set pace for a new chapter in NFTs, and I'm happy to pass the torch to the good folks over at Node, and let Yuga get back to its apeish roots.”
Final Words from an Ape and a Punk:
Yuga has been a great steward for Punks. They were able to put Punks in key museums, push its legacy with books, art, etc., and support its community. I think Yuga showed the way on how to push Punks forward as a contemporary art. I wouldn’t have bought a Punk if it weren’t for Yuga pushing them as some sort of Mona Lisa of Web3
But it’s no secret too that Yuga has gotten too big too fast. Recently, we see Yuga offload some of the IPs it acquired as it became a juggernaut in the past. This signals their renewed focus to go back to apeish roots. As Garga said before, main focus for Yuga is @OthersideMeta, ApeChain, and @BoredApeYC
Overall, I think this is bullish for Punks, Apes, & NFTs as a whole
Every 4 years, altseason starts in February!
History repeats itself, and tons of alts will skyrocket 100x this week.
I saw this happen in 2021 and turned $400 into $110K on lowcaps.
This time, I’m targeting even better altcoins with 150-200x potential 🧵⬇️