What are the best cryptos and NFTs in the market last week?
Wall Street had its biggest two-day gain since April 2020. However, all of those gains were lost over the next couple of trading days, especially after the US nonfarm payrolls report was released. In the meantime, the value of one bitcoin has once again surpassed that of the stock markets.
Clone X – X Takashi Murakami is one of the big-name NFT projects that is still being worked on the most. After the clothing claiming event ended in August, the Japanese modern artist leadership project made an announcement about a new project and an upcoming airdrop set for the following month.
One of the strangest things that happens a lot in the financial market is that investors often misinterpret bad news as good news and good news as bad news. This is one of the odd things that can happen. There have been rumors that Credit Suisse, a huge bank that has been around for a hundred years, is about to go bankrupt in the same way that Lehman Brothers did. In the wake of the scandal, the stock price of the bank did drop to a new all-time low of $3.64 per share, but the major stock indices did not follow suit. Market participants think that the central banks may take a more dovish stance on fiscal policy because rising interest rates quickly would destroy the stability of traditional large banks. Along with JOLTs data on job postings and a slowdown in manufacturing PMI, Wall Street had the most intense two-day push since April 2020. The feeling didn’t last long, though, because the nonfarm payroll numbers that came out on Friday put the last nail in the coffin. When this article was written, the S&P 500 futures were still fighting a losing battle to stay at 3,600 points. If this support breaks, the stock market will go back to where it was two years ago, wiping out all of the gains it has made since then. Even though bitcoin is doing very well compared to stocks, people still believe the same things about it.
RSR’s Mainnnet, Xen Crypto, Aptos, you name it: they are always coming up with new ideas and making improvements. The same is true for acquisitions in the industry. “Keep building in the bear market” is a phrase that many people in the crypto world use. About Capital, an investment company in Hong Kong has agreed to buy Huobi Global, which is one of the most important cryptocurrency exchanges in the Asian markets. Not long after that, About Capital made the official announcement that it had set up a worldwide advisory board that would include executives from both blockchain companies and more traditional organizations. Justin Sun, who made Tron (TRX) and is also a member of the team, is on the board. In a press release, Justin said that the committee’s main goal would be to improve the position of the Huobi Token (HT) in the industry of virtual assets. He also said that the group would not issue any more tokens. HT was brought back to life right away, and the price of its token went up by 31.9% in just one day.
About a month after saying real clothes would be available, Clone X made a teaser for an upcoming project and announced an airdrop, or “egg drop,” at the same time. Because of the good news, the floor price of the project has gone up by 44%. In such a short amount of time, just three days, buyers became interested in the market as it was. The trailer, which is only 30 seconds long and shows a cute little animal, has been watched 274 thousand times. During the last cutscene, the main character goes into a room full of eggs. In a month, these eggs will be dropped by air to all of the people who own the Clone X NFT. I think that all NFT collectors are waiting for more and more announcements from the blue-chip projects, which would bring back the NFT fiesta that hasn’t happened in a long time.
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