ETH Momentum Is Up While We Wait For The NFT Market To Catch UP

March 21, 2023

  • Last week we decided to buy one Mutant Ape at a floor price of 14.4 ETH.
  • Market sentiment is up as the total crypto market is rising to $1.2T, therefore no hedge.
  • Momentum has decreased in the NFT market when we look at the 7D and 30D change. 

Despite the rise in ETH and despite the fact that crypto momentum is up, it has not yet been translated to the NFT market. For now we will hold MAYC, stick with this for a week or so to see any changes. 

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