@k2_nft I'd rephrase it: JPEGs aren't meant to be liquid when there's no real demand.
We've had very liquid periods (July 2021-May 2022) when all sorts of people wanted to own NFTs: volumes were good then.
But yeah, now we need a reset.
Talked on today's show about if I think we're close to a bottom.
It's *always* hard to say, but I generally like to look at new possible long-term holders relative to new supply coming into the pool per project.
Listen in for a bit of that analysis:
https://t.co/csAGB8piVD
NFTs are momentum assets:
Nearly every project is more likely to go up today IF it went up yesterday.
Otherdeed, for example, has gone up 59% of the days when it went up the day before and only 32% of the days when it did not.
Chart below shows this is true across projects:
@punk9059 Interesting to compare what your seeing with the state of crypto report by a16z. I haven't seen them share how they are coming up with their numbers but they seem to be over reporting.
https://t.co/8rgOntXXNT
@punk9059@Petergarcia82 No reason to wonder why... Several influencers (BLUR profiteers) decided to profit from manipulation and we all suffered as a result... Liquidity always leaves manipulated markets. Decades of financial & economic data to reflect that fact... Glad I prepared accordingly.
I'll reciprocate this and say if you're not watching the Daily Proof YouTube eps with @punk9059, how do you even know what's happening in this space?
Seriously, I'm a huge fan. super high value content
💥📹
New PROOF Coundown! Fun show today, have a watch:
1) market overview: @nakamigos, @flufworld & more
2) @Nike@dotSWOOSH announce new sneaker NFTs!
3) Yuga grants Kodas independence!
4) Big sales: Beanz, @williamapan@dangiuz
https://t.co/M9Lge6WrHH
Later today, our creator profiles will get an upgrade that will make building community on https://t.co/Vre04NyqZ6 just that much easier and more rewarding ✨
Stay tuned for more! 💃
Good to see additional NFT & NFC tech use cases focusing less on the tech and more on how it can improve a customer experience.
I hope to see Blackbird in a restaurant experience soon, so I can try it.
https://t.co/dbJYNsV5v3
I think the best part of @proof_xyz is the daily market breakdown YouTube show by @punk9059
Closest thing we have to the @CNBC of NFTs, and we need more daily content with high production value like this
will say it again
this intro to @flipsidecrypto from @msgAnton IS the missing docs
if you're new to the platform or just want to see what you can do, this is a great starting point https://t.co/as2BbDj6XN