Why We Are Entering an NFT Bull Market
The market signals, metrics, and the breakdown of what I think Will Trigger an NFT Bull Market.
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METRICS
OpenSea Volume Per User:
Has increased From June 13 — July 17
Avg. Per User:
- June 13th: 0.91 ETH Daily
- July 17th 5.27 ETH
NFTs Sold Per User
During the Bear, the average user sold 2 NFTs a day, and that number has cut in half to 1 NFT a day
30D Profit & Loss
The 30-day Profit Loss Metrics are becoming more neutral, these metrics have increased since posting this article
The Market Sediment Index
The Market Sediment Index (experimental NFTgo) calculated on volatility, trading volume, social media, and google trends. I have been seeing a slow increase Daily. It is now at a 32 whereas before it was in the 20 range out of 100. Has increased to a 33, after writing this.
Blue Chip Index
Blue Chip Index is slowly Rising people that sold are dropping into other projects
Market Cap and Volume
In the past 7 days, we are up 3.55% in Market Cap
Volume is also up 3.65%