Just a reminder that as ETH falls NFT assets that are priced (and mentally conceptualized) in ETH...
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Note: AI-generated summary based on third-party content. Not financial advice. Read more.
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Historically, ETH price declines have triggered counter-cyclical rallies for NFT assets priced in that currency. The author notes early signs of this trend currently emerging with CryptoPunks. This observation is based on market behavior patterns observed since 2020.
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About 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.