📈 Kraken Exchange To Release Free NFT Market! - 4th May, 2022

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24hr Market Overview 📈

NFT Market Recap

Tuesday saw Opensea trading volume fall more in line with the week leading up to the Otherdeed launch, trading $171.32 million in volume. This came as much of the market started to look shaky, with losses across major projects and the potential for further downside.

The Yuga Labs collections saw losses as holders continued to take profits. Otherdeed land traded 21,899 ETH, a very respectable number but down 65% on Monday's levels. With the vast collection size, and not enough demand to satisfy profit takers, the floor has dropped lower, now sitting at 3.39 ETH.

The other Yuga projects saw similar losses:

• Bored Ape Yacht Club │ 107.50 ETH, -6.25%

• Mutant Ape Yacht Club │ 24.9 ETH, -2.16%

• Bored Ape Kennel Club │7.99 ETH, -6.55%

It wasn't just the Yuga Labs eco-system that saw losses. Other projects, both big and small saw similar price movements.

• Azuki │29 ETH, -8.37%

• CLONE X │19.20 ETH, -2.54%

• BEANZ │5.94 ETH, -12.86%

• Ragnarok Meta │2.55 ETH, -10.53%

NFT Worlds (6.49 ETH, -9.86%) finally broke below its 7 ETH support meanwhile Cool Cats continued to tumble, currently sitting at 4.49 ETH, down from highs of 16 ETH earlier in the year.

With both market volume retracting back to normal and most projects retracing any recent gains that were made, it has been a shaky 24 hours for the market. Furthermore, Ethereum has been moving sideways in the $2,800 region, if it was to break lower it could lead to further losses for the NFT ecosystem.

Biggest Purchases

🥇 #1) Otherdeed #77 bought for 199 ETH ($554,423.13)| Link

🥈 #2) CloneX #13472 bought for 175 ETH ($498,691.47)| Link

🥉 #3) Otherdeed #72208 bought for 166 ETH ($462,921.50)| Link

Latest NFT News 📰

📈 Cryptocurrency exchange Kraken has announced the waitlist is now live for its upcoming NFT marketplace, Kraken NFT. Kraken have stated that their marketplace will have no gas fees for NFT sales and transfers, as well as a built in rarity tool to gauge the rarity of your NFTs before selling. Ethereum and Solana NFTs will be supported on launch. Join the waitlist by clicking here.

Today's Biggest Drops 👀

Project PXN:Socials: Discord (CLOSED) - Twitter - WebsiteWhen: 4th May 23:00 EST / 04:00 GMTPrice: 2 ETH / 10,000Notes: This drop will be in Dutch Auction format, starting at 2 ETH, but potentially ending at 0.1 ETH, decreasing at 0.05 ETH every 15 minutes, with 4,000 NFTs reserved for the auction, with 2 per wallet.Hype: 🟩🟩⬛

The NFT Minter Guide to NFTs 💸

Meme of the Day 🤣

Credit: (twitter.com/sartoshi_nft)

That's all from us! May the 4th be with you!

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Disclaimer: The NFT Minter Daily DOES NOT provide financial advice. All content within this newsletter is for informational and entertainment purposes only. The NFT Minter Daily is not a registered investment, legal, or tax advisor or a broker/dealer. Trading any crypto-related asset is extremely risky and could result in significant capital losses.