The aftermath of ape coin.

In today's newsletter

• $Ape Coin Aftermath

• Is Ethereum about to breakout?!?

• Gamestop NFT marketplace launch date!

• Bored Ape Yacht Club - Floor Price: 89.99 ETH

• ZombieClub Token - Floor Price: 2.68 ETH

• Doodles - Floor Price: 12.844 ETH

• 10KTF: GUCCI GRAIL MINT PASS - Floor Price: 1.37 ETH

Two days ago, Bored Ape Yacht Club hit an average price of 106.23 ETH on the announcement of $APE coin hitting exchanges the following morning.

Yesterday, a plethora of crypto trading exchanges added $APE to their list of tradable assets to ride the hype; some include:

• Coinbase

• Binance

• eToro

• Gemini

• FTX

• Kraken

• Voyager

• & more

Within the first hour of $APE hitting the market, the price of a BAYC tanked from 106 ETH to 77.5 ETH. At the time of writing, $APE is currently trading at $12.19, between a high of $39.40 and a low of $6.31. As the floor price evened out BAYC recovered relatively fast as its current floor sits around 89.99 ETH.

With all said and done, I think $APE is an excellent opportunity for investors to join the BAYC ecosystem without setting aside $300,000 to purchase their NFT.

For more information on $APE coin, I recommend checking out their Website, Twitter, and yesterday’s newsletter!

Ethereum is setting up for a bullish symmetrical triangle reversal, and the breakout looks imminent. Regardless of whether we retrace back down to previous support, the end of the pattern is near.

Assets have been performing relatively well since the announcement of Wednesday's rate hike. The S&P 500 (an ETF widely used as a basis for market sentiment) recently broke out of a daily downtrend. While it may be early to assume we're heading back to the top confidently, these signs look promising. I only mention this as crypto tends to move in tandem with overall stock market sentiment.

I'm no financial advisor or technical expert, but things seem to be looking up regarding recent news.

EtHeReUm tO tHe MoOn! 🚀

Yesterday, GameStop announced in their 2021 Q4 earnings call that the company intends to launch its anticipated NFT marketplace at the end of July 2022.

Aside from last year's meme rally, GameStop has struggled to remain profitable as physical games are becoming less prevalent in today's video game economy. Due to this, the company is entirely aware that adaption is required to stay afloat. Last month, the company announced that it would go on to partner with Immutable X to foresee the new NFT marketplace. With a trend of P2E and blockchain games arising, the struggling company knew that an opportunity like this was too good to pass up.

Unsurprisingly, GameStop's Q4 earnings reported a loss of $1.94 per share versus an expected $0.85 gain.

Will GameStop's NFT marketplace be the companies saving grace? Let us know what you think via our official discord!

Nothing mentioned in this newsletter is financial advice, we are NOT financial advisors. NFToday was created with the intent to entertain those who choose to read and be a part of the community!