NFT Shower Thoughts (12/21/22)

NFT Shower Thoughts (12/21/22)

Bored Ape Yacht Club, Yuga Labs, the founders….. on behalf of the whole Web 3 space, we appreciate you.

Not because they created JPGs of monkeys that are worth hundreds of thousands. Not because you host awesome parties with free access, food & drinks either.

Instead, it’s because despite how rough the market conditions are, you’re still delivering. And exceptionally well at that.

The NFT market has some light of hope people!!!

They recently announced that staking your Bored & Mutant Ape as well as your Kennel Club companion would allow holders to earn $APE coin rewards.

I havn't tried it myself but my friend said he made $700 canadian the first couple days with a Bored Ape & 2 mutants. My former boss also made $1k with a Bored & 2 mutants. The amount returned depends on how much $APE you have staked, the different NFTs allow for more total possible coins to be staked, therefore bringing in a greater return

Magic Number : 20

Could we see Mutants hit 20 ETH floor in the next month?

Right now they're at 15.5 after some solid trading volume following Yuga Labs announcements.

If.... no, WHEN they hit 20 ETH again this is a telling sign of 1 of 2 things.

  1. The NFT market is no longer in a bear market
  2. Yuga Labs is like Lebron James playing against high schoolers in the NFT space

Either option, light can be seen at the end of the tunnel.