
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.

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.