Research Summary
The report discusses the recent developments in the crypto and NFT market. It highlights the recent ruling by the Southern District of New York that XRP isn’t a security, providing some clarity on how the SEC will govern crypto. The report also discusses the impact of clarity on investment decisions. It then delves into the NFT market, focusing on three major projects that have disappointed in some form, particularly the Azuki Elementals. The report uses data from Web3Sense to analyze the behavior of long-term holders in these projects.
Actionable Insights
- Monitor Regulatory Developments: The recent ruling on XRP provides some clarity on the SEC’s stance on crypto, which could influence investment decisions.
- Understand the Impact of Project Performance: The performance of major projects like Azuki Elementals can significantly impact the behavior of long-term holders.
- Utilize Data Analytics: Data from platforms like Web3Sense can provide valuable insights into the NFT market and the behavior of investors.
