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* Nothing on this website constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Helium Trades is not responsible in any way for the accuracy of any model predictions or price data. Any mention of a particular security and related prediction data is not a recommendation to buy or sell that security. Investments in securities involve the risk of loss. Past performance is no guarantee of future results. Helium Trades is not responsible for any of your investment decisions, you should consult a financial expert before engaging in any transaction.
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Future Price Cone
The future price cone means the model thinks there is a 80% chance the price will land within the bounds of the cone. A grey cone is neutral, a green cone is bullish, and a red cone is bearish.
Model Correlation
Higher (closer to 1) means a more accurate model and lower (closer to -1) means a less accurate model. This is the Spearman Correlation between model predicted percent change and actual percent change calculated over the last 150 days.
Percent Correct (up or down)
This is the percent of the time our models predicted the correct direction of the price (either up or down) over the last 150 days.
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* Nothing on this website constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Helium Trades is not responsible in any way for the accuracy of any model predictions or price data. Any mention of a particular security and related prediction data is not a recommendation to buy or sell that security. Investments in securities involve the risk of loss. Past performance is no guarantee of future results. Helium Trades is not responsible for any of your investment decisions, you should consult a financial expert before engaging in any transaction.
Balanced Summary:
Founders of Gemini-owned NFT marketplace Nifty Exchange are leaving the company, while NFT marketplace Blur delays native token launch, Rarible expands NFT marketplace builder to Polygon-based collections, and SuperRare cuts 30% of staff [0].
Show historical summaries
January 21, 2023:
NFT marketplaces are expanding their offerings, with Blur delaying its native token launch, Rarible launching a NFT marketplace builder to Polygon-based collections, and SuperRare cutting 30% of staff [0][1][2]. China is also reportedly planning to launch its first regulated NFT marketplace next week [4].
Perspectives
Gemini
Gemini's ownership of Nifty Exchange may have been a factor in the founders' decision to leave.
NFT Marketplace Blur
Blur's decision to delay its native token launch could be a sign of a cooling market or a strategic move to wait for better conditions.
Rarible
Rarible's expansion of its NFT marketplace builder to Polygon-based collections could be a sign of the growing popularity of Polygon-based tokens.
SuperRare
SuperRare's decision to cut staff could be a sign of the cooling market or a strategic move to reduce costs.
What is the impact of the founders leaving Nifty Exchange?
The impact of the founders leaving Nifty Exchange is unclear, but it could be a sign of a cooling market or a strategic move by Gemini [0]. What is the significance of Blur delaying its native token launch?
Blur's decision to delay its native token launch could be a sign of a cooling market or a strategic move to wait for better conditions [1]. What is the significance of Rarible expanding its NFT marketplace builder?
Rarible's expansion of its NFT marketplace builder to Polygon-based collections could be a sign of the growing popularity of Polygon-based tokens [2]. What is the significance of SuperRare cutting staff?
SuperRare's decision to cut staff could be a sign of the cooling market or a strategic move to reduce costs [3].
News Media Bias
CoinDesk has a neutral bias in its reporting on NFTs, focusing on facts and developments in the industry.
TechCrunch has a slightly more positive bias, highlighting the potential for growth and innovation in the industry [4].
Takeaway
The NFT market is cooling, but there are still opportunities for growth and innovation.
Popular Tweets
@Coinbase_NFT: We recently shared that we are pausing creator Drops on the NFT marketplace to focus on other features and tools that creators have asked for.
To be clear: We are not shutting down the Coinbase NFT marketplace.
* Disclaimer: Nothing on this website constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Helium Trades is not responsible in any way for the accuracy
of any model predictions or price data. Any mention of a particular security and related prediction data is not a recommendation to buy or sell that security. Investments in securities involve the risk of loss. Past performance is no guarantee of future results. Helium Trades is not responsible for any of your investment decisions,
you should consult a financial expert before engaging in any transaction.