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Ethereum Market Update

Eth is still in the middle of the range and hasn't moved much at all this week, there is not alot of liquidity in the markets, which is why everything is shooting up and does on a low time frame so fast

Ideally before eth makes a significant move it would be a lot clearer, for me, if one of these range highs or range lows gets tagged, as a lot of buyers and sellers would be taken out of the market at these two extreme levels

Our Ethereum market update is brought by our resident crypto trader @bissbtc. Follow him here for further updates.

Weekly Market Summary

The above chart shows that we are inevitably in the bear market. Floor prices have increased over the last 7 days which is positive and suggests that people are buying up under-valued projects. Volume has maintained a steady 7-day flow which is not a surprise given the uncertainty of the market. The increase in decreased listings suggests that there remains a potential to pick up some undervalued gems.

Breaking News

OneOf and The Christopher Wallace Foundation have announced that there will be an official Biggie Smalls NFT observing the 25th death anniversary of the rapper and the release of Life After Death. Information regarding the content of the NFT and the drop itself will be made available in the coming weeks.

World Famous Basketballer Lebron James has filed 4 trademarks indicating his intention to enter the Metaverse. No details are known but it’s great to see another high-profile athlete/celebrity enter the space.

Further to our news the other day surrounding Joe Biden and the potential Executive Order it can now be confirmed that Joe Biden has signed the executive order establishing the strategy for regulating cryptocurrencies. We await a copy of the report and will ensure the content is communicated!

Weekly Winners

Quirkies

A project that we have not yet discussed in great detail however it has been a tremendous week for the project. The 5000 collection derives from extremely cool art and comes with a very bullish community. A 2x increase this week in a market that is virtually tumbling is the 1st sign of a brilliant project. The discord was unfortunately hacked twice last week however the response of the community was who was hurt by this and how can we make this right. It is evident that this is very much a strong community and the increase of floor is just a reward for this project!

Floor price (at time of writing): 1.2ETH

7-day volume: 1335 eth traded

7-day listings: 37

% of supply listed for sale: 19.08%

CyberBrokers

A weekly winner in our previous Newsletter however given the continued rise of the floor, the project is here to remain a winner! In case you missed our Newsletter 08/03 the project is designed by artist, Josie Bellini, CyberBrokers is described as a first-of-its-kind art collectibles ecosystem centered around 10,001 unique and on-chain CyberBroker NFTs. The mint was entirely reserved for the whitelist with a cost of 0.35eth. The art has not failed to disappoint and this is not a surprise given Bellini’s previous works being sold in Sotheby’s and Christie’s. Following mint, the project has failed to dip below 1eth which is remarkable given the current market conditions. There was of course a touch of paper hands as well as a post-reveal dip however given the sustainability of the price, this project’s launch has been flawless. Since we shared the above paragraph the floor price has rocketed from 1.45ETH to 3.865ETH with a 24 hour % increase of 202%. With the current market conditions, this rise is probably beyond the holder’s imagination. With the fundamentals of a phenomenal project there, it is intriguing to see where CyberBrokers level off at. The % of supply listed has dropped over the last few days indicating a bullish attitude to the project.

Floor price (at time of writing): 3.865ETH

7-day volume: 15,715 eth traded

7-day listings: 331

% of supply listed for sale: 14.62%

Weekly Losers

Wonderverse

Unfortunately, we do not have a price to comment on for this loser, what we can inform is that millions of dollars have been taken from a faithful community in a pure rug. The team behind the project apparently stole footage from another and said it was their own game in NFT Worlds. The tweet from Tom picked apart the project and from there the website, Twitter and discord quickly evaporated. We would like to remind the community to watch out for Rugs even though they may not be easy on the eye. Please do your full research into the team, art, platform, foundation, discord, and community to ensure you are not on the wrong end of a rug resulting in lost money

Wicked Apes

Unfortunately, as we have all witnessed now, many Ape Derivative projects are hoping that the launch of similar art will bring similar success. Once again we have a project that is slowly tanking. Looking at their art is it not terribly clean and it is no surprise to see the floor reacting the way it has. The project had a peak of 0.3 at the end of January however, there has been a one-way drop since.

Floor price (at time of writing): 0.049 ETH

7-day volume: 2eth traded

7-day listings: 94

% of supply listed for sale: 8.63

Floors to Watch

Psychedelics Anonymous

This is a project to keep a close eye on during the bear market. The reason we say this is because PA is probably the best example of a long-term play, innovative ideas, and an absolutely incredible business-minded founder. Voltura is not in the NFT game for a quick profit and he is going to be building the PA brand over the decades to come. The Genesis has retraced from a 5eth floor to a 3eth floor due to the bear market. An entry here is extremely undervalued long-term. However, as the bear continues we may see a much lower entry point. If you’re looking to bet on a strong leader with a long-term vision then you shouldn’t look any further than PA. Once you’ve bought into PA you can sit back, relax and let Voltura build a brand for you. The sky is the limit for PA long-term.

Current Floor: 3.04eth

Desperate Ape Wives

Those who have been in the space for a while will remember DAW and the hype surrounding it. Ape Wives was actually the first project to see a strong run just a few weeks before the start of the NFT bull market. This run ended up hindering its performance in the bull market. However, the levels the project is at is back to where it was before its quick run to the 1.5eth levels. The team behind the project is very talented. However, you may not be bullish on ape derivatives which is fair enough. That being said if any ape derivatives are to be long-term successes then it will be DAW.

Current Floor: 0.28eth

Coolmans Universe

Coolman’s is entering a really nice price range for entry. The team behind the project is superb, the art is also original and high quality. Coolman’s has delivered its holders some serious value since its launch and has secured many extremely high-profile partnerships. These partnerships reward holders with whitelists. One example is the WonderPals partnership. Holders who won a whitelist via Coolman’s were instantly rewarded with 1.5eth of value. There are many other examples of such value being rewarded to holders. Teams and projects like this are really solid holds and thus at lower price ranges during a bear market, they could be an absolute diamond find.

Current Floor: 1.05eth

Alpha

Third Eye Club

This project is gaining a ton of natural hype on Twitter. The hype has been gathered through a combination of really exciting art sneak-peeks and the dropping of limited discord codes. We don’t really have any of the finer details regarding this project but it seems to be an extremely good play to get yourself in the discord at this early stage. This can be done via turning on post notifications and entering the limited, time-sensitive codes into discord as quickly as possible. The project has also teased some high-quality merch which suggests they are attempting to build a brand. The cartoon art style is something that has been extremely successful in the space before and this should be no different.

Official Links:

Twitter

Defi Frens

DeFi Frens, was conceptualized in 2021 by a team with a passion for Defi, NFTs, and web3. In the spirit of DeFi, the team aims to build its foundations in trust, transparency, and community-based decision-making. The collection will consist of 5555 NFT’s. The project aims to launch this month and there is already a very clear roadmap available on the project’s website. The mint period roadmap consists of the following: Rollout multiple collaborations with other projects and individuals, have at least one form of physical merchandise produced, establish a community with a digital + IRL event calendar, and organising a reveal party. After mint, the roadmap is stacked with utilities such as the creation of toys, accessories, statues, merch, events, art, holder giveaways, source files, and production of a film. This is just some of what is in store for holders as the team is also keeping some cards close to their chest. The discord is currently closed. However, access to this can be gained by keeping post-notifications on the project’s Twitter, and genuine community members will be rewarded with a ‘Frenlist’.

Official Links:

Twitter

Website

The Plague NFT

Unleash The Plague! The Plague NFT has been rallying in community growth over the past several days. They recently opened their discord group which saw an immediate influx of 3.5k members, which has now soared to over 10K members, and believe us when we say it, the discord is as mad as a box of ‘Frogs’. The project is led by Da Pons who is a captivating leader and so far has built a very strong & excited community. Da Pons comes with a solid IRL business background which is also great to see and is a positive sign towards the future & longevity of the project. The Twitter page of The Plague delivers entertaining & captivating memes to further their project growth and it’s working! The collection & concept is built around Frogs, most of which are dressed ready for war. The art is very unique in comparison to anything we have come across in the NFT space and the man behind it is Rimbikd. Rather than opting for a clean look, Rimbikd has given a more rustic & old-school feel to the frog avatars and it’s giving us nostalgic vibes. All in all, they look amazing. The Founder Da Pons has stated on Twitter that the current NFT landscape is full of rug pulls, scams & false promises. While this is definitely true, The Plague aims to disrupt this paradigm and we love to see it. The project has already secured land in the Sandbox, land in Decentraland & a palace in the Pixlverse. The project roadmap (see below) is deliberately vague so far, this is because they are looking to hold future plans & updates for the project close to their chest, we are super excited to see what’s to come. an initial 1300 Genesis Frogs will be released this March with a further 10k to follow, details on the whitelist will be coming soon. The team is very active on Twitter and has held community spaces sharing snippets of information around the project. If you are keen to jump on board The Plague then we recommend joining the discord and having notifications turned on Twitter for Da Pons, Rimbikd, and The Plague NFT for updates. We are pumped to see how this project develops and will be watching it closely, DYOR, but we think you should too. UNLEASH THE PLAGUE!

The “Roadmap”

Phase 1: March 2022–1,300 Genesis Frogs

Phase 2: April 2022–10,000 Warrior Frogs

Phase 3: Q2/Q3 2022 — Unleash The Plague

Phase 4: Q4 2022 — Goliath

Phase 5: Q2 2023 — WAGMI Games

Read further info here - The Plague NFT medium article

Twitter

Discord

The Alpha Club

The Alpha Club is.. well you guessed it, an Alpha club for NFT enthusiasts looking to generate wealth, experience & a community through NFTs. The project is led by Founders Ruthless & Esteemed. We caught up with Ruthless and were super impressed with his integrity, knowledge, and his vision for The Alpha club. Our conversation will be released as a podcast soon! The medium of choice for The Alpha club is Discord, which is currently Invite Only, we were lucky enough to get an invite into the server and we can confirm it’s packed with Alpha & a thriving community looking to help everybody win. The goal and mission for the project is to drive long-term value to its members in which they will gain the knowledge, skills, and tips needed to succeed in the NFT space, they also have regular giveaways for whitelists of Top NFT projects. So far The Alpha Club has partnered with some great NFT projects and also upcoming crypto analytics platform Crypcentra. The Alpha club will also be releasing an NFT in the future which will hold utility and benefit its holders. We love The Alpha Club and lucky for you we have 25 invites to give out to this exclusive club! We will be announcing winners in the coming days! Stay tuned and keep your eyes peeled.

Twitter

Thanks for reading! See you on Tuesday.