Our NFT Portfolio Awaits Strong Positive Momentum as NFT’s Show Price Spikes Followed By Low Volume

January 31, 2023

  • Although SAND, BAYC, MAYC, OTHR, BAKC, PUNK, WOW, COOL, GOBLIN and GLYPH, and PUDGY, are demonstrating some positive momentum, it is not enough to be added to our portfolio.
  • CLONE currently is displaying low volume. 
  • There has been a jump in NFT activity however momentum is still weak.

According to Nansen, it seems that the NFT’s that have seen the highest price spike have also been accompanied with low volume. The NFT market does show more activity but as we wait for stronger momentum, price gains are not solid. For our NFT Portfolio, read the original explanation here: Why Our New NFT Whale Watch Portfolio Is Free (For Now).

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