The NFT Market Trends Into The Negatives: No New Buys
November 22, 2022
Hello bubble riders! Here is an update on our NFT Whale Watch Portfolio
- Momentum continues to trend down which means no new buys.
- Our portfolio is outperforming for the year, and has side-stepped the FTX meltdown because it mostly held cash; Our criteria were not met to warrant buying anything.
- As the NFT market continues to trend in the negatives, Crypto Punk, Auto Glyph and Chromie-Squiggle have weak, but positive momentum.
Remember that this strategy uses signals to determine entry points for NFT projects. We use an algorithm to assess entry prices on floor data for NFT collections. Read the original explanation here: Why Our New NFT Whale Watch Portfolio Is Free (For Now)
You can learn about Linear hedging here.
Stay safe out there everyone!
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