The crypto world is buzzing with news, from the comeback of the NFT market to the ongoing saga of the meme coin and SEC’s influence on the market. Let’s delve into the most recent happenings in the crypto space.
NFT Market Makes a Remarkable Return
The Great Rally
Over the past week, the NFT market experienced a notable rally. A glance at top collections on Blur showed a sea of green, with many even recording double-digit growths.
The Next Big Thing: Top Upcoming NFT Projects to Watch
Spotlight on ZTX Genesis and Monument Game
The ZTX Genesis homes minted at 0.06 and managed an impressive 2.5X flip, rising to a floor of 0.16. This metaverse-centric project is poised to roll out its public demo in the fourth quarter.
Meanwhile, the Monument game by Sam Sprat announced its final winners. Remarkably, the value of the last sale reached 90 eth. Post the game, the value of these NFTs held strong, which is quite unusual for such projects.
RTFKT: Delays, Deliveries, and Desires
Awaited Shipments and Project Evolution
Artifact is set to ship out the much-awaited Crypto Kicks. Originally intended to ship in June, these shoes faced multiple delays. However, their story goes beyond the shoes.
Many of Artifact’s initiatives, such as Project Animus, are yet to see the light of day. This raises concerns over the project’s recurrent pattern of announcing innovative ideas and then delaying or not delivering them.
Hopeful Horizons for Artifact
Despite the delays, there’s hope for Artifact. Their unique concepts, like the vials’ idea, set them apart in the space. If they capitalize on these innovative ideas, they can reassert their brand’s strength, especially in the AR domain.
Memecoin Unraveled
The Much-Anticipated Details
Memecoin’s details, recently unveiled during the last GM show, added clarity to the coin’s stature. With a total supply of 69 billion and an FDV of 69 million, the coin’s starting price sits at 0.001.
It’s expected to have a starting market cap in the single or low double-digit millions, making 6.9 million a realistic target. Interestingly, there’s also a rarity factor for captains in play.
The Current State of the NFT Market: A Deep Dive
Bottom Line
From the triumphant return of the NFT market to the uncertain waters of Artifact and the unveiling of Memecoin, these events continue to shape the future of digital assets. Stay tuned for more updates in this dynamic realm.
Note: This is not financial advice, Always do your own research. The crypto market can be highly volatile and unpredictable, so always invest wisely.