Weekly Web3 Forecast
Here's everything you need to look out for in Web3 this week. Big events, new (hyped) mints and why two collections in particular are up big time.
It's a new week and, as always, there are some interesting events coming up.
Here is a new short weekly overview and my 2 cents on how I will play them.
As always, no ads and no financial advice.
New mints
1. Today The Game - Mythic Seed
TLDR: The new collection is already the second collection under the Today the Game umbrella. The first (Ancient Seed) minted back in April and has a floor price of 1.30 ETH. Today is a gaming project. The new mint is highly WL gated, without WL there is no chance to mint.
Mint date: This week (possibly)
Supply: 5,555
Mint price: Free
Floor price prediction: 0.2 ETH
Links:
My strategy: If the floor price is significantly below my prediction, I'll pick up a few right after the mint for a potential quick flip. Today the Game has some big money supporters which could be bullish once pre-mint sell pressure is down. If it comes in around my prediction or higher I'll probably stay away from it, attention on them is very high at the moment, will be hard to keep that up in the weeks after the mint in my opinion and upside is also capped with main collection at 1.3 ETH (pre airdrop).
In addition, holding new projects long-term was in the last 12 months not the best strategy:
https://x.com/waleswoosh/status/1842512752536920141
2. Universal Health
TLDR: NFT collection under the Universal Health Token Umbrella. Backed by some big players, including Animoca Brands, Tezos and Polygon. They are hosting a big space with the founders of Animoca (Yat Siu), Polygon (Sandeep) and a few investors (Zeneca) today where they will discuss the details.
Mint date: This week
Supply: 1,500
Mint price: Free
Floor price prediction: 0.05 ETH
Links:
My strategy: -
Releases from big projects
1. Azuki - Beantober
Like every year, October is the month in which Azuki community artists make one piece of art per day, oriented on key Beanz characters and traits.
This is called “Beantober”, and we might also see some updates from the Azuki site.
2. Chimpers - Dojo Legends
Chimpers will drop a new collectible card set this week.
The name is “Dojo Legends” and will go live during the week, containing packs which in turn reveal into individual trading cards.
The last collection was limited, the new one might contain more cards and be more affordable (the last pack drop was limited and cost 0.02 ETH each). We could also see more 1/1s.
Each digital trading card comes with a free physical twin.
3. ALTS by Adidas - Reveal (again)
The ALTS reveal was expected for last week, however it didn’t happen yet.
You can find all details in last week’s newsletter.
Big moves
1. Opepen
Opepen is up 50% in the last 24 hours (66% over 7 days).
This started (among other things) with replies to my somewhat controversial Top NFTs of this Cycle list and the fact that Opepen has somewhat disappeared from the timeline in recent months.
This in turn inspired a lot of posts from well-known community members and resulted in a big sweep this morning European time.
Opepen is a project by the artist (Visualize Value, Checks) Jack Butcher.
The idea behind it is that artists come in at regular intervals to design an Opepen set.
In 2023 it was meanwhile the most traded project and THE talk of the timeline, after creator Threadguy, among others, had changed his pfp to an Opepen.
The move today could be also in anticipation of a new Opepen set launching tho?
2. Sproto Gremlins
Another big mover are Sproto Gremlins, after they ranked #1 in the much-discussed NFT ranking list of memecoin content creator Murad.
Up 110% in the last 7 days.
Sproto Gremlins are a meme NFT collection, connected to the memecoin HarryPotterObamaSonic10Inu:
Waletertainment
Here is the schedule for my live content this week:
October 8th, 12pm EST: Subscriber-only space on X.
October 9th, 11am EST: X livestream.
October 11th, 11:30am EST: Wale Show space on X.
Thanks for reading!
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Big W moca. I got my notifications on i love what i am reading so far 🙏
W