Nobel Numbat looking like a good deal
@veefriends is x3 of the lows in terms of ETH floor price
select buyers sweeping the floor and Gary doing buybacks himself
holding strong during the endless NFT bear market
today another -30% drop
this time for @Memeland's Captainz NFT collection
I am wary to say it's dead but looks like this way for a while now
first Kevin Rose's Moonbirds, then 9GAG's Captainz
web2 entrepreneurs don't succeed in web3
the only exception is Gary Vee's @veefriends, which is doing incredibly well and it's a matter of time to be recognized as a top NFT collection
someone just dumped this mutant almost 5 years after minting it for 1.32 WETH bid
NFTs that have moved less over the years might be attractive for collectors in the future
One of the indicators that is a bear market is the massive amount of protocols exploits
If you canโt make money because the market is going down letโs steal some
Humanity(@Humanityprot) has been exploited, with losses exceeding $30M!
The hacker is currently dumping $H and swapping it for $ETH.
$H has already crashed ~90%.
https://t.co/0Bhtu6TZDr
Is it possible that the bottom is in for NFTs?
First let's start with ethereum:native the mother chain of NFTs
Strong Ethereum price is good for NFT valuations
In 2022 ethereum:native bottomed in June before bitcoin:native
Could be facing similar outcome this summer
The April 2025 low was front-run in the latest crypto downtrend
Even if we see bitcoin:native below $60k in Q4 ethereum:native might make a higher low like in 2022
And the calls for $1k and below are only viable if we get a recession
How about total NFT market cap
During the Iran war dump we hit the breakout point from August 2021 - $1.3B
When ethereum:native fell to $1.5k we made a slightly higher low
Everyone who wanted to get out sold long ago
No pressure from ethereum:native to the downside
Also a few dead collections saw huge dumps in the past days
It's logical for Punks and Apes to lead the recovery if we get one
That's the bull case for NFTs
GL HF
the market is not going to give you perfect short entries when the price is obviously going down
looking at this BTC/M2 chart
wicking below the parallel channel makes sense
when we get a recession we should break down