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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TAGS:

#NFT, crypto, crypto investing, Investing

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