🚀 🚀 Pranksy Did What???

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  • Pranksy Did What???

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Pranksy Did What???

NFT whale Pranksy pulled a surprising move, selling $100k worth of Doodles NFTs. This shocked followers, given his past bullishness. The Doodles' floor plummeted to an all-time low, around 2 ETH, a massive 90% drop from its peak.

Pranksy that morning:

People questioned Pranksy's decision, but he defended himself. He clarified he still holds a significant amount of valuable assets and wanted to secure some ETH by selling. The NFT whale regretted spending 800 ETH on NFTs without any quick wins.

Pranksy isn't necessarily bearish on Doodles; he's more confident in Ethereum's long-term value compared to older NFT collections. 

Many traders share his remorse for not taking profits during the bullish market. Going forward, it's crucial to stay liquid, survive, and be prepared for the next NFT wave.

Does Nobody Want The Metaverse?

Metaverse land prices took a nosedive! After the NFT craze, they're now tumbling due to a virtual rollercoaster ride.

Oversupply of projects diluted demand and brought fierce competition, while the initial hype faded, making investors lose interest.

Welp, we’re in trouble

The volatility of the crypto market and uncertain regulations added more pressure. 

Now, a plot in the metaverse costs between 0.37 and 1.09 ETH. The priciest land is in Yuga Labs’ Otherdeeds realm at 1.09 ETH, while the cheapest is in Voxels at 0.16 ETH.

Somnium Space dropped by 93.9%, Decentraland by 87.8%, The Sandbox by 89.8%, and Voxels by 93.8%. During the NFT peak, land sold for up to 7.50 ETH.  

The metaverse reminds us to be cautious in this digital frontier.

🚀Making Degen Moves in 2023

This year, we have seen the rise of Bitcoin NFTs, xNFTs, AI NFTs and more. The landscape is changing, and it can be difficult to keep up with the growing NFT space. Fear not - we have got you covered! Check out our guide to top NFT picks for 2023, from PFPs, to Art NFTs, Gaming and beyond.

Head to the end of this email and refer a friend to receive your free guide to NFTs in 2023. Let’s build that generational wealth!

Half Moons 🌓

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  • From Hater to Creator: Peter Schiff Ventures into Bitcoin NFT Art Collection [NFTEvening]

  • Nike's NFT Sneakers Fly Off the Digital Shelves [NFTEvening]

Shooting Star 🌠

Kay is a watercolour artist from Western Canada. Her work explores mythological themes and how they present themselves in our daily lives. Follow Kay on Twitter @kay_wren_ to learn more about her creations.

Featured Art: Whimsy

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