The Nightly Mint: Daily NFT Recap
18 March 2022 - 1:21PM
NEWSBTC
In today’s Nightly Mint, we’re checking in on a follow up from
yesterday’s report on the new Bored Ape Yacht Club token, ApeCoin.
We’re taking a quick look at a major entertainment and tech company
that could be the next in line to integrate NFTs. Oh, and we found
the ultimate finesse courtesy of an Ethereum flash-loan. Sit back,
relax, and enjoy a refreshing evening Mint. The Nightly Mint Latest
Mint: A Follow Up On ApeCoin Yesterday’s Mint covered ApeCoin, the
first-ever official Bored Ape Yacht Club token. Shortly after
yesterday’s report, the token quickly began trading on dApps like
Uniswap. As expected, many airdropped holders seemingly sold their
free bag for some quick cash, and many buyers faced liquidity
issues in early trading. According to CoinGecko at time of
publishing, the ApeCoin token has already surged to a top 100 in
market cap – an impressive feat in such short time. Additionally,
data from Nansen showcases that the floor price of BAYC and MAYC
NFTs has dropped over the past 24 hours, with Bored Apes falling
roughly 10% and Mutants falling roughly 20% throughout the first
day of Ape token trading. Related Reading | Why VeChain (VET) Could
Be On The Verge Of A 40% Rally The above chart, while not
all-encompassing of early hours trading, shows some of the
short-term price movement of the APE token. | Source: APE-USD on
TradingView.com Is Spotify Up Next? The rumor mill is buzzing today
as Spotify is rumored to be evaluating NFTs; the music streaming
powerhouse has new job listings that allude to crypto and NFT
engagement. What’s the size and scope of potential utilization on
Spotify? Of course, the ceiling is sky-high, by the company’s
conduciveness to engage in the space is yet to be determined. The
‘Minty Fresh’ Take The hustle in crypto can get pretty
giga-brained. This finesse move is one that you simply have to
respect. Someone just flashloaned 6 apes from NTFX, claimed the
$APE, and sent them back in one transaction
🤯https://t.co/9nYYFyI6JS — Jorge 🇺🇦 (@nftjorge) March 17, 2022
Related Reading | Dogecoin Price Falls As India’s Central Bank Bans
Cryptos Featured image from Pexels, Charts from TradingView.com The
writer of this content is not associated or affiliated with any of
the parties mentioned in this article. This is not financial
advice.
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