NFT’s Lag The Crypto Market; Momentum Is Still Weak In Most Tokens

January 17, 2023

  • BAYC, PUNK, WOW, COOL, GOBLIN and GLYPH show some positive momentum, just as last week, however they do not meet our criteria for our portfolio. 
  • PUDGY and MAYC show negative momentum.
  • Although there is a small jump in NFT activity, momentum is still weak in most of the tokens.

NFT’s tend to lag the crypto market a little. The crypto rally we are seeing is likely a temporary bounce, but the NFT market isn’t reflecting that. For our NFT Portfolio, read the original explanation here: Why Our New NFT Whale Watch Portfolio Is Free (For Now).

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