Crypto Experiences Recent Bounce, NFT’s Follow. Trends Still Developing For Momentum Trading
October 27, 2022
Hello Bubble Riders! Today we are revisiting our NFT Whale Watch:
- We look at the top “blue-chip” NFT’s for any recent gains, then run our algorithm for any momentum trends. What we’re seeing is positive momentum for 6 out of our 16 watchlist NFT collections.
- The trends aren’t strong enough for us to buy into anything just yet.
- CloneX looks promising but will wait to see how trends develop.
The NFT sector is lagging behind the recent Crypto bounce (ETH is up 21% this past week). The NFT bounce is not as significant, and trends are not worthy of buying into yet. Right now we are just holding onto cash and waiting for trends to become better established.
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