Beanie
ApeFest brought BAYC euphoria back. Couldn’t have bigger announcements. Amazon Gaming partnership...
196 days agoBeaniebeaniemaxi
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Note: AI-generated summary based on third-party content. Not financial advice. Read more.
Quick Insights

Despite major announcements like an Amazon Gaming partnership and a new streaming show, the Bored Ape Yacht Club (BAYC) NFT floor price has only seen a minimal 1.4% increase to 7.299 ETH. This suggests that even significant positive news is failing to move the NFT market, indicating a potentially "cooked" or stagnant market for these digital assets. Investors should be cautious about expecting substantial short-term gains in BAYC or similar NFTs even with strong catalysts.

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Beanie

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By beaniemaxi

Crypto native since the early days. Went all in on DeFi summer. Then tripled down on NFTs. VC @gmcapital_. No paid promos. Not financial advice. I talk my book.