NFT NEWS

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[Liao Xue @_LiaoXue]

Let's ask ourselves a question:

How much genuine interest in #Bitcoin comes from the outside?

Every big move we had so far was impulsive in its nature.

For example:

- The FTX bottom occurred in a spectacular fashion, in just ONE week;

- The Banking Crisis caused $BTC to shoot up by ~30% in just ONE week;

- The BlackRock #BitcoinETF application immediately reversed the market to put in a new yearly high, in just ONE week;

Every single move-up has happened in around a week!

Now, the question is, where does this volume/money come from to drive these moves?

It's the same money that squeezed #Bitcoin yesterday up to 30k on FAKE NEWS!!!

Most of these moves occurred during major news, signaling that it's the same money being traded back & forth.

There are little to no new faces, and this scares me.

If we get a future #crypto scare, and the winners cash their Ws out, it means that we could see big negative price action, as the losing trades don't hold their bag.

I guess time will only tell if this fear is bogus or is really to be scared of.

[Liao Xue @_LiaoXue]

The #altcoin market still hasn't made a decision!

It looked good until it closed below the trendline once again!

But I have started to suspect that the trendline isn't the real resistance, but the band that is right above it.

In the chart below, you can clearly see the wicks to both the support and the band, with no decisive move.

But the overall #bearish trend seems to be intact, with the bulls not being able to break through.

With that, my position on the altcoin, and the #crypto market overall, remains the same:

-We will go down;

Liquidity is an issue and becomes a bigger one by the day.

The altcoin market will feel the most of this issue, as the majority of the liquidity is speculative.

And when people need liquidity, they let go of that which has an uncertain future.

Especially with no clear regulatory framework.

Thank you for reading!

On an end note, I wanna say that the chart showcased excludes the major #stablecoins.

I do not think stablecoins and altcoins should be put in the same category, as they are 2 different types of assets.

[Liao Xue @_LiaoXue]

.@GetBlockGames has been performing stronger than I expected!

I think an entry around 0.1-12 is sufficient, as there is strong volume, and a lot of 0.1 offers are present.

Keep an eye out on them, as they are partnered with Google, and also refunded everyone after a bugged mint.

[Liao Xue @_LiaoXue]

In light of the #BASE meltdown, I would like to remind you of a couple of things.

1. Look for projects with high transparency. This minimizes risk but doesn't completely remove it.

2. Look for the projects that are building/started to build in the bear market. It signals confidence from the team.

3. Look for innovation & utility. I can make a fork of #Bitcoin right now, it will be the same. It will be "Better than gold", but no one will use it as it didn't innovate anything new.

4. Be patient. Don't FOMO. Your opportunity will manifest sooner or later.

I am really sorry for the victims who lost a lot of money in $BALD and #BASE.

We learned the hard way yet again.

I hope the 4 points above help you get the key takeaways from what unfolded less than a day ago.

[Liao Xue @_LiaoXue]

XRP is not a security!

And with that, the crypto industry rejoyced!

I think this is bullish for crypto, and am subsequently really happy.

But the war is still far from over, as the SEC is still not giving up.

In their eyes, they still believe they are winning, as when #Ripple launched & sold to institutional investors, the judge states that this was a securities offering, as they purchased XRP with the expectations of profit.

So, technically, #XRP is a security (in the SEC's eyes).

Even if now we know that retail XRP is not a security, the decision will be appealed & the possibility of XRP being a security will still be in the picture.

What I see for the future is the XRP uncertainty to return, especially now that so many cryptos are being labeled as securities.

The #SEC must not lose this case if it wants to keep its credibility for the future lawsuits.

And with the current legal system, it will take at least 2 years for everything to be resolved.

That's why I believe that this will continue to drag on as it did.

I wish I am wrong in this prediction. as it will be a beginning of a new era for the #crypto industry.

"If there is a wounded animal, and you're about to butcher it, it's gonna bite back. It knows it's about to die."

Consider following, liking, or retweeting if you found this read insightful.

[Liao Xue @_LiaoXue]

They don't seem so scary after all, do they?

GM beloved #NFTCommunity & #CryptoTwitter 💜

[Liao Xue @_LiaoXue]

The #FED has launched their FedNow payment system.

It was a long time coming, and it is the first iteration of a #CBDC.

The battle for freedom will take place over the next 5 to 10 years, where governments will do everything to transition us to a CBDC, and most likely deter #crypto adoption.

We already saw that the crypto industry has been getting cut out of the US banking sector.

But what's the worry?

EU, Singapore, Hong Kong, etc. are all adopting crypto as we speak.

Well, Daddy USA can really quickly change their opinion on crypto if necessary.

And most likely this will be the case because as crypto gets bigger, the #dollar loses its ground as the world's reserve currency.

Being the only legal country that can print the world reserve currency has its benefits, as we have seen in the past few years.

This is especially true, if it's not backed by anything.

The battle for #freedom has just started, and like it or not you are a part of it.

Just imagine the veteran stories we will tell our children ;P

Consider following, liking, or retweeting if you found this read interesting or insightful.

[Liao Xue @_LiaoXue]

You never lose if you don't sell

GM #NFTCommunity & #CryptoTwitter 💜

[Liao Xue @_LiaoXue]

I think this summaries the old twitter logo

[Liao Xue @_LiaoXue]

The stalemate has finally been broken, with 29.7k giving ground.

What's next? Are we going to revisit 25k? 20k? Maybe even put in a lower low?

You can never know. But what you can do is speculate. So let's dive in.

Basically, this level has been the macro zone of resistance and support.

Back in the summer, we held it despite the downward pressure.

Today, we most likely will get rejected off of it, despite the upwards momentum.

Why is that?

I have been saying for a while now that a #recession is on the horizon, and even if we go up a bit, we will for sure go down once the macro catches up to us.

Currently, the last support level we have is 28.6k. Once this gets invalidated, we can be sure that we are going down.

And we won't have to wait long for that to happen, as the trendline is catching up to us.

It will squeeze us in approximately 2-3 weeks, meaning Bitcoin's price movement, and with it, the entire #crypto industry's price movement will be decided.

The next macro support level after that would be 25k, which should hold in the short term.

Personally, I think the best-case scenario for #Bitcoin over the long run would be to revisit 20k, and chop around this level until the recession passes.

If you are still in the #market, I would advise caution as panic selling and a liquidation cascade can potentially occur, as the market is low in liquidity and high in leverage.

Please support me in the form of following, retweeting, or liking if you found this read insightful. <3

[Liao Xue @_LiaoXue]

NFTs will be back.

When Bitcoin hit $1160 in 2013, people finally woke up to Bitcoin, it was recognized as the game-changing asset it was, and that #FIAT was dead.

15 months later, it went down to $160.

Did Bitcoin die?

It took it more than 2 years to see higher valuations, and the rest is history.

Currently, the NFT market is doing the same thing in a way. It won't replicate what #Bitcoin did. But it will do its own thing.

One catalyst for that is the upcoming recession.

In its lifetime, Bitcoin has never been in a #recession. It was born out of the 2008 financial crisis.

It was able to mature more or less, but the same cannot be said for NFTs, which is why they are bleeding the way they are.

Liquidity is drying up, and NFTs are especially known for their illiquid nature. That's the reason why Azuki dropped as fast as it did.

And time has struck midnight. Recession is knocking on the door.

There will be a lot more pain in NFTs, and crypto for that matter,

But know that recessions create opportunity.

As a wise man once said:

"Bull markets make you money, bear markets make you rich"

I would like to add to that:

"And they make you especially rich if you pick out the industry which is small, illiquid, but will have big real-world impact."

The hard part is picking out which #NFTs will make it.

And there, I leave you to decide.

Do consider supporting me in the form of liking, following, or retweeting if you liked what you saw.

Thanks and have a great day <3

[Liao Xue @_LiaoXue]

He used the forbidden card

#SBF #FTX

[Liao Xue @_LiaoXue]

#Web3 gaming will be the thing that will lead the next #bullrun.

With hundreds of #gaming projects currently in development, it is good to keep an eye on the most promising ones to set ourselves up for the next mania phase.

With that, I would like to present you 2 projects that could lead the next bull run.

1: Skyborne Legacy

@SkyborneLegacy is a web3 gaming studio, with the parent company being Revolving Games.

They have 2 games planned, a mobile game, and a PC game MMORPG style.

With a capital of $25 million, the gaming studio feels confident of making big ripples in the web3 gaming space.

So much so, that they released their collections as free mints.

This signals a big confidence signal, as they can't really rug pull. There is nothing to rug pull.

Currently, they have 2 collections, Genesis Immortals and Nexian Gems. The Genesis Immortals will be used in games to complete quests, while the Nexian Gems serve as the Proof of Collective for the entirety of the gaming studio.

With a team of 125 members at Revolving games, and a relatively unknown presence, it is one of the projects that could explode in the next few years.

2: Delabs Games

@DelabsOfficial is a web3 gaming studio created by FourThirtyThree. led by Joonmo Kwon.

They have 3 games planned, Rumble Racing Star, Space Frontier, and Metabolts. All of the titles mentioned will be free to play.

The gaming studio recently announced that they raised a seed investment of $4.7 million. The studio also raised 300 Ethereum from minting the Delabs Adventure Pass.

Delabs is really transparent with their development and has already made an airdrop for the holders of the Adventure pass.

They have also introduced staking, with up to 433 days of lockup period.

These are the 2 projects that recently received big funding, but the NFT market hasn't paid a lot of attention to them, so I thought I will bring them to your attention.

None of this is financial advice.

Thank you for reading this far. If you found any value, please do consider supporting me by following, liking, or retweeting.

[Liao Xue @_LiaoXue]

"Pauly's token is like a roller coaster, we'll go up"

The roller coaster:

[Liao Xue @_LiaoXue]

How did he even evade the charges in the first place?

[Liao Xue @_LiaoXue]

Chasing pumps be like

[Liao Xue @_LiaoXue]

The FED has forecasted a recession.

But the NASDAQ and the S&P 500 are within a few percentages of putting in new ATHs.

What is going on? Who should we believe?

Now recently they did retract their forecast, but nothing macro has changed for this conviction to happen.

Headline inflation can be used as a catalyst for this, but core inflation is still high, and with the rise of oil prices we can see headline spike in the coming months.

Truth be told, you shouldn't. In a crisis, nobody is to believe but yourself.

Personally, I think we will be headed down at the end of this year or the beginning of next year. The economy is sick, and it is only a matter of time before the #FED breaks something.

Now, let's look at some charts.

If my conviction is right, we should see at least a retest of the October lows in both the S&P and #NASDAQ.

But look at how that relates to #Bitcoin.

Bitcoin is struggling to get up to even half of its #ATH!

If Bitcoin experienced even half of the pullback it did while the S&P and NASDAQ were going down, we are already back at 19k, and if it repeated it, it would put us at the low $7000s.

To clarify, 7k will mostly likely never happen again. But we can easily go down to 20k, and if the economy were to start deteriorating, we can easily revisit the 15k lows.

Please like, follow, or retweet, if you found what I said today insightful. That way, you're supporting me, as I do all of this for free.

[Liao Xue @_LiaoXue]

$BALD took a lot of the people's hair when it dumped

[Liao Xue @_LiaoXue]

"Are NFTs Dying?"

"Is this the end of NFTs?"

If you haven't seen these posts on Twitter lately, it is because you have exceeded the Twitter post limit lol.

Everyone and their grandparents are screaming how everything is going down and this is the end.

Let me tell you why it's not.

Since the inception of NFTs, #NFTs have been known as illiquid assets.

This is one of the core reasons why NFTs are "dying".

But people have forgotten what Uncle Sam is trying to do.

The goal of the FED is to drain liquidity from markets. They do this by changing the way monetary policy works, aka manipulating interest rates.

From the ATH to the lowest low this cycle:
- The S&P 500 went down ~28%;
- The NASDAQ went down ~37%;
- Bitcoin went down ~77%;
- #Ethereum went down ~82%;

The NFT market cap peaked at 9 Million #ETH and is currently at a 3.27 Million low, which represents a 63% downturn.

This doesn't sound that bad, except if you also take into account that ETH is ~60% down currently from the ATH, and the NFT market is currently at its low.

Now, the "mild recession" the FED predicted in Q4 is starting to take shape and form.

The first markets that will give out, are the markets which are illiquid.

And as we go into the latter part of this year, firstly the microcaps and small meme coins will give out, then the more major altcoins, and then Bitcoin, Ethereum, the S&P, and NASDAQ.

This is not the fault of NFTs.

NFTs, just like crypto, will revolutionize ownership, such as real estate ownership, and host legal documents, such as birth certificates, etc.

This is the fault of the #FIAT system we are living in, and how the FED tries to tinker with the economy to sway it in a direction to combat something, in this particular case, inflation.

Thank you for reading this far!

If you liked what you saw, please consider supporting me in the form of liking, following, or retweeting.

I do this for free so all support is greatly appreciated. <3

[Liao Xue @_LiaoXue]

This ongoing feud is only to draw more seats for the fight 🤡

GM #NFTCommunity &amp; #CryptoTwitter 💜