AM Morning Show 11/18 – Post Malone’s Bored Ape, Robinhood/Coinbase feud, Project Draca disaster!

AlphaMint

AM Morning Show 11/18 – Post Malone’s Bored Ape, Robinhood/Coinbase feud, Project Draca disaster!

Good morning degens it is the Thursday November 18th of the AM Show hosted on the AlphaMint Discord server (discord.com/AlphaMint). Our hosts CloutCobain and FreeMrktCptlst break down the comings and goings of everything crypto and NFT each weekday morning at 9am EST. ***Apologies, the recording was cut short due to technical issues today*** CoinGecko this morning showing more sideways activity in the cryptocurrency realm. BTC and ETH had a little evening rally of 5% followed by an immediate reversion down below $60k and $4,200 respectively. The charts are still looking healthy as we watch for the next leg up. Robinhood publicly bashes Coinbase’s proposed digital asset regulatory body in an effort to provide effective and fair regulation to the crypto market by people with in depth knowledge of digital assets. Hot take coming from Robinhood, a company that provides you no ownership over the crypto assets you buy on their platform. OpenSea’s new funding round lead by Andreessen Horowitz is putting their valuation at a cool 10 BILLION dollars valuation. Good news for them with the looming shadow of the Coinbase marketplace. Great news for traditional investors looking for exposure to Crypto and NFTs. Post Malone’s new video with The Weeknd shows him looking at his Bored Ape Yacht Club purchase on his phone before the song starts. Huge news continues to come to crypto and NFTs, and whether you love them or hate them, the reach that this has is *massive*. It’s also important to consider WHY these celebrities are getting into this game. Quick flipping a Bored Ape or two for 10’s or 100’s of thousands of dollars isn’t really a big deal to them. This is the beginning of cultural relevance. WGMI showing Women and Weapons continuing their surge on the back of another GaryVee Twitter Shoutout. Doodles continues its relentless ascent as well. A wild day with the Project Draca Genesis drop of 999 NFT’s yesterday that we spoke about. The whitelist phase seemed to kick off fine before the meltdown. There was some issues with Whitelisters mint transactions being stuck in an infinite loop just chewing up gas before failing. The only response to this was to open the mint to the public before a bot attack destroyed their contract. The founder Kaiizo let whitelisters know ahead of time but it got leaked, and the mint sold out almost immediately. It later turns out that the dev left half way through the mint and they now have no dev. Stay tuned for more on this over the next few days. Legend Maps not minting out quickly at all. Watch for this to be a slow burn rather than hype train and watch for the founders to take a pivot as the minting phase continues to trudge along. We briefly highlight SupDrive by the NFT legend Dom of Loot and Blitmap fame. An interesting retro gaming project that is close to the minting phase. Open mic saw a few new members come up and talk about their experiences with AlphaMint. Do you want more NFTs, crypto and defi? Join the AlphaMint community and connect with members who are interested in learning, growing and trading here: discord.gg/ChjMz3N22k Follow us on Twitter: T