The NFT Market Shows Some Positive Momentum: Nothing Meets Our Criteria For A New Buy

December 20, 2022

Hello Bubble Riders! Here is an update on our NFT Whale Watch Portfolio:

  • Last week we decided to keep Azuki in our NFT whale watch portfolio, however Azuki does not have positive momentum so for that reason we have decided to sell it. 
  • Although PUDGYWETH, COOLWETH and GLYPH show some positive momentum, they do not meet the criteria for our portfolio. 
  • It seems like there has not been much improvement in the NFT market. BAYC, PUNK and WOWWETH all have negative momentum. 

Remember that this strategy uses signals to determine entry points for NFT projects. We use an algorithm to assess entry prices on floor data for NFT collections. Read the original explanation here: Why Our New NFT Whale Watch Portfolio Is Free (For Now).

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