R.I.P. NFTs on Twitter/X (Can We Call This an NFT Market Bottom?)

TL;DR

X/Twitter is eradicating assist for NFT profile footage – and we all know, we all know – who, within the grand scheme of issues, actually cares?

However the sign might find yourself being important, in that: market pundits like to level to occasions as markers of ‘market tops’ and ‘market bottoms.’

The removing of NFT profile footage from X/Twitter will mark the underside of the bear market, and the beginning of a brand new bull run for NFTs.

Full Story

This is not vital in itself…

However the sign it is placing out would possibly find yourself being important.

X/Twitter is eradicating assist for NFT profile footage – and we all know, we all know – who, within the grand scheme of issues, actually cares?

(Only a few folks, we would guess).

However the sign might find yourself being important, in that: market pundits like to level to occasions as markers of ‘market tops’ and ‘market bottoms.’

E.g. Everybody pointed to the collapse of FTX as the beginning of the final bear market.

The identical means they seemed on the conviction of Sam Bankman-Fried and responsible plea from CZ (former CEO of Binance) as the beginning of the present bull run.

To date, Fb, Instagram, X/Twitter, and Reddit have supported NFTs ultimately, form, or type up to now…

Reddit is now the final one standing.

Here is our hope at what is going to find yourself occurring from right here:

The removing of NFT profile footage from X/Twitter will mark the underside of the bear market, and the beginning of a brand new bull run for NFTs.

🤞 Fingers crossed 🤞