NFT ROME - Weekly Update - 01/16/2024
NFT ROME - Weekly Update is an essential resource for those who want to stay updated in the world of digital art and NFTs, providing in-depth analysis of the latest digital art and NFTs news.
Good Morning, Digital Art Aficionados! ☕️
Welcome to another edition of NFT ROME - Weekly Update. Let's dive into the latest developments in the crypto and NFT markets.
🔸 CRYPTO / MACRO:
This week, the crypto market reacted predictably post-Bitcoin ETF approval. Ethereum has shown robust performance, maintaining a strong ETH/BTC ratio at 0.60. The future of Ethereum looks promising with potential ETF approvals in the pipeline for May. However, the current market dynamics suggest a period of uncertainty ahead, possibly leading to significant market corrections before the next growth phase.
🔸 NFTs:
The NFT market has shown a mix of stability and volatility this week. Notably, the Pudgy ecosystem has experienced a significant surge, crossing 12 ETH in value. This uptrend signals confidence in its performance for the remainder of the year. On other blockchain platforms, the NFT market has seen more fluctuation, with some collections declining sharply while others are on the rise.
Investors must beware of the FOMO trap. With the market's current state, it's essential to have well-thought-out investment strategies, especially for those anticipating a potential bull run. Impulsive changes in investment approach due to market hype could lead to detrimental long-term consequences.
🔸WHAT I'M LOOKING FOR:
Amidst this market behavior, several NFT collections have shown unexpected surges. This trend may cool down soon, presenting opportunities for strategic investment decisions. My focus is on specific ETH projects and exploring the Ordinal ecosystem, where the growth potential seems particularly significant.
🟦 ETH NFTs
Pudgy Ecosystem: Prices are high, but potential growth could rival Bored Apes, making them a solid long-term investment. Monitor for the next 3-5 months.
Meebits: Currently undervalued, these may soon experience a market shift. Consider investing below 1 ETH for potential growth to 1.3 ETH.
Jack Butcher: Checks Editions offer immediate opportunities. Open Editions may dip but could rally unexpectedly.
🟧 ORDINALS
- : A unique and culturally relevant PFP collection, inspired by the Magic Internet Money meme; Incredible Team of real Bitcoin OG’s; Unmatched cultural relevance in Ordinals. Great potential for strong performance.
@ninjalerts : A project offering utility and innovation created by one of the most knowledgeable figures in the Ordinals space.
I expect some new very cool generative art projects in the coming day, starting from what anticipated by @FAR
👉 I'm not very active in the Solana ecosystem, but CryptoUndeadz deserve a mention (https://www.subber.xyz/cryptoundeads): go for it if you are whitelisted
🔔 Exciting Announcement Ebook Release: We are thrilled to gift our community with an "Ordinals Ebook." This comprehensive guide is filled with insights and strategies for the Ordinals ecosystem, benefiting both newcomers and experienced investors.
Stay tuned to our Telegram (bit.ly/nftrome) channel for the release date and download link. Our Ebook is a token of appreciation and a resource for empowering our community.
❓ Questions or Feedback: We welcome your inquiries and feedback. Our team is dedicated to supporting and engaging with our community.
📣 Share the News: Help spread the word about our upcoming Ebook giveaway. Let's grow our community and share valuable knowledge together.
Join us next week for more updates and insights into the world of NFTs and digital art.
Have a fantastic week ahead! 🚀