Crypto Market Quick Update: 21May,2024
Key Highlights and Insights!
Hello Lambo Gang, Yesterday was a green day in crypto with a lot of exciting developments across the board. Here’s a quick market update:
Green day with not much of a substantial rally but still feels good to see it green.
ETH went ~20% up reaching $3700 after Bloomberg's assessment that an ETF approval is "75% likely"
Created with TradingView BTC also showed a cute ~4.5% move to the upside, touching our top most target level of 1.236 fib extension at $71,982
BTC Fear & Greed Index is at 76 showing that y'all are getting pretty greedy.
No substantial rally in the altcoin sector as well. Total 3 moved just 4.5 % and made a wick to the upside on hourly. Doesn't look good.
Altcoin season index is at 39 which means we are not even close to an Altseason and also not in a Bitcoin season apparently.
ETH OG NFT Collection Cryptopunks released Super Punks, which is a collection of 500 pieces in collaboration with Nina Chanel Abney. The collection was backlashed by the whole CT due to multiple reasons on which the founder of YugaLabs and the current owner of CryptoPunks, Garga.eth replied in an X post I’m attaching below
Blast Update:
ETH ETF can act as great news for ETH L2 chains. ETH ETF approval can increase the market cap of ETH resulting in the increased Blast TVL and higher Blast Gold Price at launch. Current estimation: $6-$8
pew_on_blast messed up at launch. While deployed $PEW, he sent 3m pew to the pool instead of 30m, resulting in token price surge at the launch. People booked profit and it fell 75% down in just 4 minutes.
It was launched yesterday for trading today on BlasterSwap! It's currently at a $8.4M market cap.
If you bought $PEW in presale after I shared it in our telegram channel, you must be atleast 350% up!
earlyfans_xyz made their 3rd Gold distribution today, with 736 users earning an average of 68 Gold each. This platform is an excellent under-the-radar opportunity.
NFT exchange @Mintify is hosting a trading tournament with 10,000 Gold and 1.69 ETH up for grabs. The tournament starts tomorrow (Wednesday) and ends Friday. For more details, check out the official announcement here.
Web3 farming game @GoldFarmersNFT began their mint today. It is 100% refundable NFT minting at 0.005 ETH. Mint here.
A lot of nft mints on blast yesterday were nothing more than a flop. Literally nobody could sell out!
Slightly hyped Meme NFT KIBO couldn't sell much even after reducing the supply. He started a space on X where he was crying until sold out and it was the best space I've ever been to. Some of you also joined and it was great crying together 🤣. I'll never forget it!My most-anticipated NFT mint, @PixelRaceClub, announced a May 26, 3PM UTC launch date
KaijuNerdz by @Blastosaurz minted yesterday. It was also an unsuccessful launch. They gave every minter 2 extra NFTs and reduced supply to 500
That was a quick and short market analysis for today, I’m working on the blast farming guide, it is almost complete and will get ready pretty soon. Stay tuned!
Thanks for reading,