rhyd0n
@Rhyd0n
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Joined August 2012
Did Punks find their cycle low? Based on Collection Profit Multiple it appears so. When analyzing Punks total collection market cap, using each Punk’s top trait as market price driver, Punks have bottomed now 3 times at the total collection's cost basis in USD terms. Now for the
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RT @GSQHoldings: GameSquare has acquired the iconic Cowboy Ape #5577 CryptoPunk from DeFi pioneer @rleshner in a $5.15M strategic investmen….
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An interesting factor to consider here is we are approaching 1 year from Murad’s pitch. We may see a seller’s strike and supply side crunch as the hoard holds out for long term capital gains that seem near.
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CPI peaked today.
Annual CPI is the sum of the previous 12 month over month CPI readings. Currently year over year CPI is 2.3% (sum of the previous 12 monthlies), we have 2 of the lowest monthly readings rolling out of the equation in the next 31 days (May 2024 and June 2024, both essentially
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Pumpfun is THE viral app this cycle. And it’s $2bn market cap right now. THE MAIN CHARACTER at $2b. Don’t overthink it.
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RT @RyanSAdams: Another $100m ETH treasury launched this morning. I can't keep up. Ticker: GAME. This is snowballing isn't it. ETH = tre….
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The market structure and pattern of SPX6900 $SPX compared to ETH in 2016-2017 before it went vertical is eerily similar.
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May not as hot as anticipated, with CPI YoY flat at 2.4% and core CPI coming in much softer. A similar reading in August-January would have seen annual CPI fall 0.1 to 0.4 percentage points depending on the month. The macro “all clear” seems to be here.
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Annual CPI is the sum of the previous 12 month over month CPI readings. Currently year over year CPI is 2.3% (sum of the previous 12 monthlies), we have 2 of the lowest monthly readings rolling out of the equation in the next 31 days (May 2024 and June 2024, both essentially
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Pumpfun sells SOL constantly, what are they going to do with any SOL they raise from this giant ICO? Let me guess, sell. putting incremental sell pressure on SOL. Pumpfun launched PumpSwap to displace Raydium. Pumpfun is issuing PUMP token, no way PUMP is the new currency for.
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So what's the SOL thesis if the casino chips are denominated in PUMP and HYPE.
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RT @TechDev_52: The most important chart in crypto. Bitcoin tops when green tops. We’re still in red. At the explosion point. Paying atte….
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RT @artacleio: 1/ $ARTU digital art patronage token is live on Base and airdrop started. details below ↓
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RT @0xalexjbb: man @fellowshiptrust running a literal masterclass atm. 250-300e ($500k+) for a 20 piece drop in this market? actually insan….
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An amazingly comprehensive and impressive look at AI art. wow.
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Interesting new idea to own or trade digital art with sector and artist indexes.
3/ An innovation for the digital art economy. One of the token’s utilities will be its ability to function as a menu for digital art indices. Allowing you to exchange it for digital art indices of your choice. The indices will be tokenized and tradeable, opening up new ways to.
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A third update on the alignDRAW analog with Chromie Squiggle's and CryptoPunk's previous cycles using @artacleio's Market Cap to Cost Basis tool. alignDraw appears to have hit escape velocity just as squiggles and punks did in the previous NFT cycle. All 4 charts show similar
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The banana is no different than this post on @beeple @refikanadol. Comedian wins on engagement every time. What is Comedian actually? "I don't even know what that means. No one knows what it means, but it's provocative. It gets the people goin'".
The Tree of Knowledge is special. Like early tech and 2000s social networking companies, art is shifting to being desired/valued on what can be thought of as engagement. In the real world shift to digital, how was Facebook valued before becoming hugely profitable? Engagement.
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