What's Next For Bitcoin? Top 3 NFTs You Should Be Aware Of | Crypto Daily October 22, 2021

Episode Summary

Today On Crypto Daily:

You asked we answered! Should You Sell Your Bitcoin?

Pivotal Point for EthereumWalmart to install Bitcoin ATMs in US Stores

Top 3 NFT Projects To Watch:

CryptoPunksBAYCMutant Ape Yacht Club

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Joe Dewitt Follow at: https://twitter.com/metabitz

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Unedited Transcript:

Hey everybody. Happy Friday. My name is Joe Dewitt, and this is crypto daily. Taking a look over at Bitcoin Walmart. The world's largest retail giant has reportedly started testing a Bitcoin ATM services.

Their plan is to have 8,000 kiosks in their American stores regarding price. Um, it looks really good at the. Uh, we got that all time high just a few days ago and we just had two days of consolidation. If we can close today's candlestick is a green, I we'll be heading right back up towards that. All-time high of about 67.

if not, we'll consolidate downwards into that 58,000 levels. And I'm going to answer a common question. We get here at Benzinga is Bitcoin in a bullish or bearish zone? Keep in mind guys, this is not financial advice, just my personal opinion, but I would absolutely say it that Bitcoin is in a bullish zone.

Uh, considering we just broke all time highs. It's not strange to see a little bit of consolidations in the downward direction. Um, that is very common, but I would expect us to break out of that and start trending upwards in the direction. Getting back up to that 75,000, maybe 80,000. Um, if this were to be a bear zone, we'd fall below that 50.

And make our way back towards 50 K, but I did not see that being the case at all, taking a look at a theorem. Ethereum is 2% down on the day. The chart is looking great. Although I would like to see us break out of this little bit of consolidation here, a little bit of hesitant price movement, as we approach that all time high.

If Ethereum can approach that all time high would be amazing. And we'll look to push above that 43 50 level. Uh, if not a theorem will be falling to that 3,900 zone and potentially below to that 50 day, moving average, putting us at around 3,600, taking a look over at Solano. Solano actually had an amazing breakout.

It was forming a descending wed for a matter of weeks. It was also riding that 50 day, moving average as we've been discussing. And it completely bounced off of that with three amazing green candlesticks, we are currently up to $204 from its previous 155. Um, it is looking amazing. We will be touching that all time high.

If we continue this trend by, uh, this weekend, um, current all-time high of around $216. If we get rejected from. We will most likely fall into that $200 zone back down to 180.

And today, guys, I want to do a special little feature where I'm going to talk about the top three NFT projects today. The first NFT I would like to discuss would be crypto punks by larva labs.

They are currently 20% down on 24 hour volume. The total collection value is estimated to be 2.2 billion with the volume of 560,000 Ethereum in the collection. This is a very prominent collection, many celebrities and famous figures have invested in the collection. It is the first NFT project to be launched and popularized.

It is going to stick around for a while here, considering that it is related to Bitcoin and to the defi mark.

The second NFT project I'm going to take a look at is going to be bored ape yacht club. Uh, they are 32% down in the day, but keep in mind guys that these numbers vary quite often as they're very, very volatile NFT, um, markets like to go up and down very, very quickly, but the, uh, board ABL club is another very, very promising project.

They have about 200,000 a theory them, uh, and their project a little over 5,000 owners. It is a very, very awesome project.

And the final NFT project I want to talk about is going to be mutant API club, which is a variant of the board apes. Um, their trading volume is sitting at 90,000 a theorem and the collection.

They have just about 10,000 owners with a floor price of 3.6, Ethereum. This is another awesome, awesome collection. Uh, they look really, really cool, and it is a very, and for people out there who can not afford a. Price board ape. That's all the time we have today, guys. Thank you so much for listening. Make sure to subscribe to our podcast and follow me on Twitter, which will all be in the description below.

Have a great weekend. 

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