this is correct
i'm as large an nft buyer as they come
and i don't want to pay an eth premium
...
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Note: AI-generated summary based on third-party content. Not financial advice. Read more.
Quick Insights
The NFT market is experiencing a mismatch between ETH-denominated prices and underlying dollar values, as ETH rallied to $4k without corresponding NFT price adjustments. This creates a premium for NFT grails that buyers are unwilling to pay. Expect NFT prices, in ETH terms, to adjust lower and/or ETH to sell off, leading to lower dollar-denominated prices for the next wave of buyers.
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About Mike Dudas
Mike Dudas
By mdudas
crypto investor @6thManVentures // co-founder @theblock__ @linksdao // @moonbirds kol