⌚ Would You Wear A Bored Ape Watch?!- 18th June, 2022

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24hr Market Overview 📈

NFT Market Recap

On Friday, Opensea traded just $15.91 million, the lowest day so far in 2022. These numbers are a stark reminder that the NFT space can at times be very illiquid.

Whilst Ethereum continued to decline, slipping below $1000 this morning, collections have remained resilient. This is encouraging to see and differs from the past few weeks where the market dumping led to panic selling of NFTs.

The strongest collections saw neutral and some even slightly positive days, with their floor price in ETH increasing. If you're long-term bullish on ETH - these price movements may offer the opportunity to accumulate more.

Bored Ape Yacht Club (86.85 ETH, +0.44%) has found itself some solid support in this area, having not dropped in price in nearly a week, and so has Cryptopunks (49.45 ETH, +1.12%).

Other movements included:

• Otherdeed | 2.19 ETH, +5.8%

• CLONE X | 9.9 ETH, +3.66%

• Azuki | 9.75 ETH, -2.3%

• Doodles | 11.49 ETH, +7.37%

• Cool Cats | 3.55 ETH, -3.53%

With the NFT markets being a risky asset class, it's clear to see why volume is so low during these turbulent times. It's encouraging to see that projects are no longer instantly dumping when the price of Ethereum drops, which could signal that NFTs were oversold or that the weakest holders have now been flushed.

However, with no end in sight for the stock markets and crypto, we will have to wait and see what happens next.

Biggest Purchases

🥇 #1) Bored Ape #2882 bought for 169 ETH ($183,197.16)| Link

🥈 #2) Bored Ape #6172 bought for 135 ETH ($146,341.92)| Link

🥉 #3) Bored Ape #6558 bought for 119 ETH ($126,623.43)| Link

Latest NFT News 📰

⌚ Luxury watchmaker TAG Heuer has partnered with Bored Ape Yacht Club and CLONE-X communities to create a smartwatch that displays NFTs and connects to crypto wallets such as MetaMask and Ledger Live, after just launching a crypto payments method to its US online store just a few weeks ago

💰 Infamous scammer and subject of 'Inventing Anna', Anna Sorokin, known for taking hundreds of thousands of dollars from friends and businesses while posing as a German heiress, said she's trying to move away from the "scammer persona" and plans to launch a collection of NFTs.

Today's Biggest Drops 👀

👻 There's nothing worth minting on our radar today - check back tomorrow!

Meme of the Day 🤣

Credit: (twitter.com/SneakyninjaNFTs)

That's all from us! Enjoy your weekend!

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.