In the last two weeks, Azuki, Bored Ape Yacht Club, CloneX, and Mutant Ape Yacht Club have seen a big rise in floor prices and sales volume, which is good for them.
Data from OpenSea shows that over the last seven days, all four projects have made an estimated $365.9 million.
Nonfungible token (NFT) marketplaces like LooksRare and OpenSea have always made about $100 million in total volume each day.
As far as I can tell, cryptography seems to be a good
Twitter users are wondering if the recent rise in blue-chip stocks is a sign that the market is going in the right direction. Others are hoping that their investments will make their appearance in the upcoming Super Bowl a good thing for their portfolio.
NFT projects have also been getting more attention recently, and steady leaks are making each collection’s daily average price rise.
Data shows that the prices of the top five collections rose at least 5% each day, with Azuki seeing a 55% rise in the last seven days.
Collectors are opting to take the red bean with Azuki
The Azuki NFT collection came into the ecosystem by making fun of the Matrix with its own version of the red pill. Instead of calling it the red pill, it called it the red bean.
The red bean turns out to be an anime-style avatar that lets people go to Azuki’s garden.
The anime collection looks like it has been a long time coming. Collectors are still drawn to its art and history.
Azuki’s floor prices have risen from 4.29 Ether (ETH) to 11.29 Ether (ETH) since its launch on January 21, 2022, according to Dune Analytics.
Wallets that own Azuki have also seen a lot of growth. One of the main reasons for this is that Azuki was made public.
Top 50 wallet holders show that there are a lot of collectors. The top wallet has more than 150 NFTs in it, and there are a lot of people who want them.
Because the project is so good at getting collectors’ attention, Azuki’s success has been a big part of it.
Some people who don’t like the idea of Azuki’s show compare it to another anime-themed show, called “0N1 Force,” which burst its bubble quickly after it had a price trajectory that was very similar to Azuki’s.
If I was an #Azuki holder with only 1, I’d be nervous right now. This meteoric rise reminds me of #0N1Force and it can’t be sustainable. There must be a pullback for it to maintain such a high price point longterm. Most blowoff tops end with precipitous falls. Be careful.
— NF-T. Rowe Price (Not Financial Advice) (@1Bprice) February 1, 2022
People in the community, who may be biased, disagree. They say the two teams are very different, like night and day.
Time will tell if Azuki will keep going up and keep the top spot on the charts for volume or how quickly it can get back on its feet after a correction.
CloneX aims for the top spot in total sales volume
Takashi Murakumi is in CloneX, a game made by RTFKT studios, and it has seen a huge 381 percent rise in popularity in just a week.
It has a base price of 17 Ether ($47,158), but people are still buying the items in it.
Even though RTFKT studios were bought by Nike, the team hasn’t let that stop them from bringing people together.
“chapter 2 airdrop szn” is what RTFKT said this week when they told people about two NFT airdrops this week.
clarifying for RTFKT noobs :
1 Airdrop for Clone owners
1 Airdrop for Pods owners.
Different airdrops aka 2 Airdrops this week
— RTFKT Studios (@RTFKTstudios) February 1, 2022
People who own CloneX are excited to see what RTFKT tweets say, and they’re getting ready for the next snapshot on Thursday, February 3, 2022.
Those who own any piece of the collection, including CloneX vials, avatars, and the spacepod will get something in return.
Apes push above a 100 ETH floor
Across the NFT ecosystem, 3LAU has made history. The artist made waves again when he bought the last Bored Ape before the project hit 100 Ether.
Some people have been angry, frustrated, and confused after Justin Bieber bought a floor BAYC for 500 Ether since the sale.
Did Justin Bieber get finessed? 500 Eth purchase pic.twitter.com/RRZn3y9irn
— threadguy.eth (@DiscoverXnft) January 29, 2022
A marketing move, or not? In the last seven days, BAYC has seen its total volume go up by 113.16%, regardless of whether or not Justin Bieber made the move.
Yet, OpenSea says that it has lost its top spot in total sales volume. Azuki and CloneX are now ahead of it.
People aren’t seeing the same thing about OpenSea as its rival, LooksRare, drops down the charts. This could be because other collections are always trading the same thing.
More than $42.1 million has been sold from the BAYC collection on LooksRare, while OpenSea has sold more than double that amount in just seven days.
According to DappRadar, people haven’t been put off by the price.
In the last seven days, BAYC has added almost 74% more traders.
After Bieber tried to give a floor ape what some people thought was an outrageous value, he showed what purchasing power looks like when money is available.
They seem to like celebrities, so it might not be the first time we see a whale make waves.
Mutant Apes exploded after the New Year
MAYC has had a good start to the new year, with its daily average price rising 40% in the last month.
When I write this, the Mayc’s floor is at 22.7 Ether. On LooksRare, the collection is a little less expensive.
Before August 28, 2021, it looked like MAYC was the best way to get in at a cheap price.
However, after the sale of a Mega Mutant Serum worth $3.6 million, the price of the collection’s floor rose by about 500%.
Floor prices have gone up almost 40% in 30 days. The highest floor price was 26.4 Ether in the last seven days. This is the price at which the collection’s floor prices start.
According to the data, there are only 2,074 MAYCs in the collection. This suggests that people could be diamond-handling their bags.
Most of the people who got a mutant are just waiting for its value to rise like the value of the collection it came from.
Greed is always the downfall of the person who invests too much, and this could lead to a lot of people who own and collect things losing money.
People should do their research and make sure they’ll be ready when the music stops so they don’t have to look for a chair.
The author’s thoughts and opinions are entirely his or her own and do not necessarily reflect those of CoinNewsDaily. Each investing and trading action entails risk; before making a decision, you should conduct your own research.