Time sensitive Whitelist Raffle - Utility NFTs at bargain price that can help you make you X's! Actually urgent + NFT Scoop Discord grand opening!

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Weekly Market Summary

Over the last 7 days, we have seen a steady decline in increased floor prices tied with a dip in volume. The movement of the last 7 days bodes well for those looking for entry into the market as an increase in floors and volume should be on the way especially with the dip ETH has suffered over the last 2 days.

Breaking News

Coinbase and BAYC have jointly announced their plans to create a trilogy film series. The films will show recognition to the BAYC community, and holders can submit their apes to be cast as characters. A copy of the announcement can be found here

UK Fashion Brand, boohoo, entered the Metaverse with a Free Debut NFT Collection. The brand has stated “We’re talking NFT drops, celeb collabs, and the future of digital fashion” A copy of the release can be found here

Mastercard has filed 15 NFT and metaverse trademark applications with the United States Patent and Trademark Office. There are the latest of a host of conglomerates to undertake such action.

Weekly Winners

The Art of Seasons

As per their bio - The Art of Seasons is a complete collection of dynamic illustrations featuring Spring, Summer, Autumn, and Winter by artist DirtyRobot + RENGA Factory. You own art that acts as a gateway passport giving you advanced access to exclusive art. The art is on-trend and the utility of holding a piece grants you a whitelist for Renga The 7.2k collection minted on the 26th of March at a very reasonable price of 0.08ETH. There was an initial dip in price to 0.05ETH however an organic community rallied and the project now sits at 0.48ETH which is quite a remarkable increase, over 9x to be precise.

Los Muertos World

The 10k Collection was minted on the 5th of April for an extremely generous 0.04ETH. The growth following mint has been exceptional and the Spanish community will be delighted with this one. The floor floated around 0.06 in the 24 hours following mint and since then it has continued to go up and up with the floor now sitting at 0.62ETH, a 10x in less than a week is unbelievable given the rest of the market’s performances. The wider community seems extremely bullish on this one and it’s no surprise why. A well-deserved weekly winner.

Weekly Losers

Droplets

A project we had high hopes for unfortunately takes a loser spot this week. The project was minted on the 8th of April for a reasonable 0.065 ETH. However, the project has failed to gain any positive trajectory. There was some tension in the discord following the mint due to the delay in fund transfers as well as the owner pocketing 59% of the volume which he states, refunds a lot of his investment. Due to constant paper-handing as well as no roadmap/utility shown, the discord became fairly toxic with a lot of fud. The current floor price of 0.035 reflects the mood amongst the community and as the reveal has already taken place, we, unfortunately, do not envisage this project taking off.

Tasty Bones

Another project we had decent hopes for has failed to build on initial success. The project had a lot going for it with a solid team, low supply, decent initial mint, and plenty of plaudits around the Twitter community. However, since the highs of a 1.8ETH floor, the project has failed to offer much utility to its holders and has stagnated at an alarming rate. The floor has now dropped to an all-time low of 0.39ETH. With a proven team behind the project, there is every chance there will be some sort of recovery. However, the potential was there to take and this appears to now have been blown.

Market Summaries and News Written by @DAWA9042

Floors to Watch

Los Muertos World is probably the talk of the NFT trading community at the moment. Over the weekend the project saw a really healthy growth rate which was then confirmed by the absence of a post-reveal dip. This was quickly followed by a huge surge in volume. The floor price went from around .15eth pre-reveal to a peak of .7eth last night. The artwork on the project is something that investors haven’t really seen before so the increase in price was a bit of a no-brainer. Fuelling the project is quite a sizeable cohort of blue-chip holders. Mutant Ape owners dominate this cohort with 161 of the community also owning a Los Muertos. Deadfellaz, Psychedelics, and Cool Cats owners also dominate this cohort with big ownership in Los Muertos. So far Los Muertos has seen 3,500eth traded on the secondary market. This is an extremely high volume, hence the volatility. In addition to this, at the time of writing Los Muertos is on a slight dip down to the 0.5eth region. There is an extremely thin sell wall back to 1eth. There are just 500 items listed until a 1eth floor and just 150 until a .8eth floor. This is certainly a project to study closely. Due to the volatility, an entry at these higher floors level isn’t without risk. However, it could pay off massively.

Alpha Sharks is a project that I’ve been promoting to a number of people for weeks now. The sheer value that the project gives to its holder makes me truly believe that the floor will not stay this undervalued for very long. First of all, owning a shark gives you access to one of the best NFT trading and analytics tools that is on the market right now. Moreover, the developers are improving the tool on a daily basis. However, this is not the only value Alpha Sharks provides. The whitelist giveaways that the collab managers bring to the community on a daily basis are very good. In just a week of being in the community, I already won a whitelist of Blvck Paris through Alpha Sharks. Furthermore, Alpha Sharks gives you exclusive access to the Llamaverse alpha calls discord channel. This is serious value. Llamaverse is arguably the biggest alpha NFT on the market and sits at a floor of 4.4eth. With Alpha Sharks you are getting some of this value for less than 10% of the price. Finally, staking should be enabled very soon, this will enable you to earn tokens to use in the ecosystem and will likely cause a supply shock on the secondary market with such a high percentage of NFTs staked.

Llamaverse was the project I just mentioned in the above paragraph. There is a reason why I include a project with such a high floor price in this section. Due to staking and high conviction, the number of Llamas listed on the market is quite incredible. This opens up the project to supply shock. There are just 46 Llamas listed on the market out of a total supply of 4000. The floor sits at 4.3eth and there are just 39 Llamas listed until a 10eth floor. One sweep of the floor can send Llamas to that level in just a few hours. The project is backed up by an extremely hardworking and overdelivering team and this is certainly a project I’m extremely bullish on. They also plan to release their own Minecraft type metaverse which will likely have further positive price action on the project.

Alpha

NFT Scoop Discord

We at NFT Scoop thought that as our community has grown it was time for an upgrade. Our ability to communicate with our community has been limited given how fast-paced the NFT market moves. We want to be able to provide value instantly and when we see it as well longer-term market positions. Thus, this week we are opening our official discord. Newsletters are still going to be our biggest form of writing but the discord will be more time-sensitive events and an area for the community to hang out & collaborate. This isn’t some kind of grind for whitelist discord. This is going to be a completely free and open-invite, alpha, trading, networking, and education discord that centered around NFTs. Walty will personally be doing live, high-volume trading calls, updating news on an hourly basis, and interacting with everyone. There will also be a plethora of whitelist giveaways that go live in our discord. We highly suggest that you join. We are going to be offering you some serious value for being a member and we hope that you will invite your friends to join us. You will receive an invite to our discord via email this week. See you there!

Mems Raffle

I bring you a time-sensitive raffle to enter via Pre-Mint. This raffle ends in a few hours so be quick if you would like to enter. Mems is a 6000 token collection created by tothemaxy. The project has amassed 50,000 followers on Twitter and excitement for the launch has been building. Mems has also collaborated with some major projects in the space so far such as Coolman’s, Wonderpals, Smilesssvrs, Thingdoms, Creature World, and many more. You can read more about the project and its journey here.

Now, onto what you are actually interested in. I will post the link to the Pre-Mint raffle here. You will need 0.1eth in your wallet and have to register before today at 11 am EST.

Official Links

Twitter

Medium Articles

Floors to Watch and Alpha written by @Walty

Introducing our new analyst @Mora_3802 !

Mora has been producing solid and well-thought-out content for the NFT space. Here is her first piece we are proud to represent.

MINIMIZE RISK WITHIN AN ASYMMETRICAL BET

We find ourselves every day in a space where things move fast and the market process is constantly affected by both internal and external changes, placing ourselves in a place where it is often difficult to trust and maintain conviction in the unknown future.

In some way to call the NFT space an asymmetric bet, it's because of the simple reason that the range and potential results are asymmetric or uneven in each of the projects. It's common to find a project which offers ideal future plans, exciting partnerships to be announced, and promising roadmaps which are hard to fully value and trust on them because the outcome is just too uncertain. From the path followed since I've been in space, I'm able to affirm that very often the potential losses are minimal but the potential reward might be huge. But then, what is the secret formula for reducing risk and increasing the chances of high returns? Unfortunately at the moment, I have not found a secret formula or a key available to guarantee profits, but I was able to find some techniques or requirements to minimize those risks and to approach a better functioning of my investments while trading using a filtering process.

First of all, it seems to me clearly essential to check the trading volume. This is as simple as the demand of the project and you might even check the trading history to get a clearer picture and corroborate that it is not an artificially created volume. Volume stability is critical. Second, if you are going to buy, understand why you are making certain decisions. Don't FOMO. A call of an Alpha or an influence in space can be positive or negative. The margin of safety in investment comes from the price you decide it’s worth to stock. Why would I decide to buy this? Research and investigate the relevant factors. Among them I consider three key aspects to be considered. Who is developing the project? Check if there is a competent team behind it, their reputation, their involvement in the space, and past details. Likewise, know the number of unique holders. Community, community, and community. Always one of the most important factors when looking for a profitable investment. Look for a strong group of core supporters and check the range of activity and their reactions. Lastly, the utility of the nft, an asset with utility, is more valuable and depending on the popularity and other factors to take into consideration it may become more valuable over time. With this said, and in a way of summing up, the following space is flooded with infinite information, opinions, and knowledge at our fingertips, but even so, we must be willing to continue to immerse ourselves in them every day.

Insight on the market process, potential rewards, and investments written by @Mora_3802

Be sure to follow her on twitter @Mora_3802

Thanks for reading! We hope you enjoyed our work this week. For daily updates follow us on Twitter here. Don’t forget to share if you found our newsletter useful. See you on Friday for more.