There’s no way that CryptoPunks will hold at 38 ETH floor. Retest of that < 20 ETH area is inevit...
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Note: AI-generated summary based on third-party content. Not financial advice. Read more.
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Beanie predicts a retest of the sub-20 ETH floor for CryptoPunks, down from the current 38 ETH floor. This bearish outlook is based on the perceived failure of "big DAT buyers" and "NFT Strategy ponzinomics" to sustain the price. Investors might consider shorting CryptoPunks or waiting for a potential dip below 20 ETH.
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About Beanie
Beanie
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.