0/ NFT interest at new highs, while volume remains stagnant.
Today’s Delphi Daily, we cover a wide range of topics from @opensea’s volume to $BTC ’s MVRV giving hope.
Plus, all of the recent stars joining the @boredapeYC
For more 🧵👇
Today’s Delphi Daily, we cover a wide range of topics from @opensea’s volume to $BTC ’s MVRV giving hope.
Plus, all of the recent stars joining the @boredapeYC
For more 🧵👇
1/ Worldwide Google searches for “NFT” hit new highs in November even as @OpenSea’s volumes remain relatively stagnant.
The continued rise in search interest suggests NFTs are far from dead and may even be an early indication that another wave of activity is on the horizon.
The continued rise in search interest suggests NFTs are far from dead and may even be an early indication that another wave of activity is on the horizon.
2/ Profile Pictures (PFP) NFTs have soared the past week as BAYC gained traction from some big stars purchasing and promoting their new apes.
@BoredApeYC (BAYC) was the highlight in the past week as @JimmyFallon, @PostMalone and NBA all-star @RubyGobert27 showed off their apes.
@BoredApeYC (BAYC) was the highlight in the past week as @JimmyFallon, @PostMalone and NBA all-star @RubyGobert27 showed off their apes.
3/ MVRV, which measures the ratio between $BTC’s market cap and realized cap, is a far cry from prior highs, including BTC’s local price top in late Q1 early Q2 2021.
Prior BTC cycle tops saw much higher peak MVRV levels, which indicates BTC still has more room to run.
Prior BTC cycle tops saw much higher peak MVRV levels, which indicates BTC still has more room to run.
4/ The dollar has been rallying versus most major currencies since June’s FOMC meeting, hitting a 16-month high on Tuesday.
The Citi U.S. Economic Surprise Index is trending higher after spending nearly four months in negative territory.
The Citi U.S. Economic Surprise Index is trending higher after spending nearly four months in negative territory.
5/ Potentially the First On-Chain Merger?
https://twitter.com/jai_bhavnani/status/1460693384549388292
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