NFT volumes & prices in Jan 2022 have been strong. Many say this shows how everything in crypto may not crash simultaneously again.
One could also say #NFTs are at the furthest end of risk, the most illiquid, and so the last to pump with the euphoric gasps of a dying bull.
One could also say #NFTs are at the furthest end of risk, the most illiquid, and so the last to pump with the euphoric gasps of a dying bull.
(this doesn't mean NFTs aren't important; they are).
Those that were around in prior bulls know that the riskiest, most illiquid things pump last in crypto.
In 2013, $LTC had its dying, euphoric gasps for the top weeks after $BTC.
In 2017 BTC peaked in December, while $ETH peaked about a month later in January 2018.
In 2021, we had BTC and ETH peaking, before alternative layer-1s, before NFTs... in Jan 2022?
In 2017 BTC peaked in December, while $ETH peaked about a month later in January 2018.
In 2021, we had BTC and ETH peaking, before alternative layer-1s, before NFTs... in Jan 2022?
Another way to think of it:
Is Bieber signal of strength to come, or the end?
Is Bieber signal of strength to come, or the end?
But I dunno, maybe psyops.
If $BTC can prove bottom soon here, and there's not more macro chaos that leads to "sell everything markets," we may be alright.
If $BTC can prove bottom soon here, and there's not more macro chaos that leads to "sell everything markets," we may be alright.
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