A Spike In 7D Prices Is Not Enough To Buy NFT’s; We Are Back To “Wait And See” Mode

May 16, 2023

Last week almost all NFT collections were down for the 7D and 30D floor price (prices in ETH).
This week we see a slight change in performance as a larger number of NFT’s have increased in their 7D performance.
This portfolio is outperforming BTC by 38.85% and ETH by 48.30%

Although there is a spike in 7D prices, it may also be temporary as it has been for the past couple of weeks. As a result, we have decided to not buy into any NFT for now.

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This piece of content is provided for educational and entertainment purposes only. Robin Technologies and Analytics LLC is the firm that distributes 1.2 Labs products. The firm does not provide individually tailored investment advice and does not take a subscriber’s or anyone’s personal circumstances into consideration when discussing investments; nor is Robin Technologies and Analytics LLC registered as an investment adviser or broker-dealer in any jurisdiction.

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TAGS:

Bitcoin, crypto wallet, cryptocurrency, Investing

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