One of the top crypto traders on Twitter DonAlt (@CryptoDonAlt) bought the dip on BAYC and sees NFTs as ‘interesting here’ at current prices.
After the NFT and crypto crash of May – June 2022 he posted on June 22nd that ‘it looks like almost everyone that wanted to sell sold. Some of these collections have like 20-30 transactions a day but barely anyone is left undercutting floors so price goes up regardless. Fun to dabble in.’
Don Alt NFT
DonAlt briefly changed his profile picture to his new BAYC as is tradition, before going back to his trademark cartoon duck pic, which he used to rotate upside down when he was short term bearish on Bitcoin, and flip right side up when he was bullish again.
He also welcomed others to use his Ape as their PFP. So far his investment is up – the Bored Ape Yacht Club floor price bounced since his purchase.
He got it in at around a 75 ETH floor – BAYC topped out at an over 150 ETH floor on May 1st 2022. When a pro crypto trader that’s been beating the markets for years – creating his Twitter account in 2017 – buys the dip, others take notice.
DonAlt features on our list of the best crypto traders to follow on Twitter and the best crypto Youtube channels – he streams each week with @CryptoCred on the channel TechnicalRoundup.
He sold the top when Bitcoin printed an SFP (swing failure pattern) after hitting $69,000 in November 2021 and voiced concerns over LUNA and UST before the May 2022 crash.
NFTs appear to be recovering now with NFT NYC taking place in New York, news of Mastercard support NFT purchases with their cards, Magic Eden raising $130 million in a funding round, and eBay buying NFT marketplace KnownOrigin.
Ethereum is also back above $1,000 after briefly wicking below $900 at the weekend.
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Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.
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