Scoops of the week:
🍦Azuki Raise $2.5m
🍦Is A Twitter Crypto Wallet On The Way
🍦New Prime Minister for the UK
🍦Opensea Insider Trading Case Update
🍦NFTs Can Be Considered Property
Over the past 30 days $ETH has been ranging around the $1300 mark, nothing too exciting from a price action perspective. But on that note, we welcome the bearish crabby market and you should too. You have time to learn & if you feel like it.. accumulate $ETH over a long-term period. We are big believers in of course the long-term trajectory of $ETH, but also the Dollar cost average investment strategy. It's sustainable, manageable, and often stress-free. $ETH is also nearing deflationary status and that's in a bear market! The more the network is used the more $ETH is burned. Can you imagine what this will look like in a Bull run?!? 1000s of new projects launching, with droves of new & dormant users flooding back to the market for a piece of the action. Basic economics, supply & demand. As supply goes down, demand goes up. Bullish. As far as the NFT markets go, a number of metrics are down including overall market volume, though what we are seeing is the number of profitable traders outweighs those in a loss over a 30-day period. What is great to see is the emergence of new assets, including Reddit NFTs. We dive into these below, the bigger picture is that it opens up a large bull case for NFTs as a whole.
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The NFT Scoop is a web3 community & media organisation bringing you the latest NFT & web3 news, insights, and intel, as well as a healthy, dose of unbiased opinion from our team. We keep on top of the space daily, so you don't have to - Educating the world on NFTs 1 scoop at a time! Get the newsletter: https://getnftscoop.com Daily updates on Twitter: @THENFTSCOOP_
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