Weekly Web3 Forecast
Here's everything you need to look out for in Web3 this week. New mints, major releases, TGEs and a (possible) huge conspiracy!
My newsletter is back and I asked myself what is the best way to bring value.
Everyone is doing recaps and retrospectives, so I thought we'd try something new.
From now on I will publish a Web3 forecasts newsletter exclusive every Monday, with an overview of the most important events of the upcoming seven days. Compact, with all the info and links you need. And my personal strategy on how I play them.
No ads, no bs. And no financial advice haha.
But enough of the intro, let's get started.
New mints
1. Jungle
TLDR: Mobile game publisher. Due to this fact, there is potential for future subsequent NFT and token airdrops. Mint will be divided in guaranteed spots and FCFS spots, due to the rather low supply a mint without guaranteed spot will be difficult.
Mint date: October 1st
Supply: 1,000
Mint price: Free
Floor price prediction: 4 SOL
Links:
My strategy: Low supply collections are always difficult to assess. Nevertheless, I think Jungle will have potential. However, due to the increasing dilution in gaming mints, I don't think the floor price is likely to be too high. If the floor price comes in lower than my prediction, I will probably pick up a few with the aim of flipping them within one to three weeks. This is because some of the WL spots that they gave away are vested, which means that I want to sell the NFTs I have bought before any unlocks.
2. Juicy Adventure
TLDR: Web3 mobile game with different in-game currencies, airdrop potential for NFTs. Low supply and mint on Magic Eden, three tiers (guaranteed - waitlist - public), if it reaches public then the odds are not good on a mint. If you don't have a guaranteed WL or at least waitlist spot then a mint is unlikely.
Mint date: October 1st
Supply: 800
Mint price: Free
Floor price prediction: 0.1 ETH
Links:
My strategy: Will observe the mint, the project is not crazy hyped, but potentially interesting with its low supply. Don't know enough about the project and the timeline after the mint to buy and hold long-term confidently tho so if I get involved then probably more on swing trades.
Releases from big projects
1. Memeland - Collab
Memeland will release a merch collab with Timberland. Limited edition “Butters” boots will be sold. Proceeds go to a good cause. Public sale goes live today on September 30th and is limited to 300 pairs.
2. ALTS by Adidas - Reveal
According to some sources, the long-awaited reveal of ALTS by adidas is coming up this week.
ALTS is the successor to the OG “Adidas Into The Metaverse” NFT collection that dropped in 2021 during the peak NFT hype in collaboration with Bored Ape Yacht Club and Gmoney, among others, but has since lost traction.
The reveal could bring some momentum back.
Floor price is up almost 50% over the last 7 days in anticipation of the reveal:
Conspiracy corner
According to an old viral video by Nick O'Neill, October will be the month where RTFKT announces the separation from Nike.
Strangely enough, the CloneX floor is up 10% in the past 7 days for no apparent reason while most other legacy collections are flat or down.
So with October starting tomorrow, maybe an announcement is imminent that has been leaked? It wouldn't be the first time, as famously the acquisition of RTFKT by Nike after the CloneX mint caused huge controversy after the info was leaked and people traded on insider info.
However, all this would go against to the fact that separations of large Web2 companies have rarely been bullish for floor prices. Only recently, the separation of Sugartown from Zynga caused the floor of the collection to fall significantly:
So maybe nothing more than a conspiracy theory? Hmmm.
Waletertainment
Here is the schedule for my live content this week:
October 1st, 12pm EST: Subscriber-only space on X.
October 2nd, 11am EST: X livestream.
October 4th, 11:30am EST: Wale Show space on X.
Thanks for reading!
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Great Wale, looking forward to more of this
Imagine Nike selling RTFKT lol would be funny af