The NFT market of each chain in November is arranged, and one article can grasp the latest and most comprehensive NFT market trends.
Written by: Cookie
In the real world, we have entered winter and the weather is getting colder, but in the Crypto world, November is in full swing.
It’s been a long time since I’ve seen so many money-making opportunities in the NFT market. As a player who sticks to NFT, I really have too many things that I can’t wait to share with you about the NFT market in the past week or even the past half month.
In this issue of NFT News, we use the form of a red and black list to summarize the performance and reflected characteristics of each chain's NFT market. Let’s take a look, in this wave of NFT recovery across the board, who is shining and who is lagging behind?
red list
No.1 - Bitcoin
Similar to the rise in the first round of Bitcoin NFTs, the strength of this round of Bitcoin NFTs is still attributed to the popularity of various Bitcoin FT protocols led by BRC-20. After various Bitcoin FT protocols continued to receive FOMO, everyone's attention once again turned to Bitcoin NFT.
In this round of Bitcoin NFT market, the series with a total amount of 10K has obviously received more preference. The advantage of the 10K series is "large volume, full control", large volume, low floor price, good liquidity, and easy collection of hot money for market making.
Among the 10K series, the best performers are Bitcoin Frogs and Goosinals. Bitcoin Frogs has already accumulated a good reputation as the high point of the first round of Bitcoin NFT rise exceeded 0.1 Bitcoin. Starting from the end of October, Bitcoin Frogs gradually recovered from the position of 0.02 Bitcoin, and broke through the previous high in the recent rise, with the largest increase exceeding 700%.
Bitcoin Frogs Price Trend
In terms of growth, Goosinals is even more eye-catching. The Ordinals ecosystem is fun again. Is the Bitcoin NFT ecosystem returning from the "big casino" to the "art gallery"? > In this article, I introduced the background of the project. From the end of October to the present, Goosinals’ largest increase has exceeded 3,000%.
Goosinals Price Trend
Led by these two star 10K projects, there has been a clear resurgence in 10K projects. For example, Bitcoin Bear Cubs and Bitcoin Whales, both 10K projects, have gained more than 200% in just a few days.
Bitcoin Bear Cubs Price Trend
Bitcoin Whales Price Trend
Yesterday there was a new 10K series Mutant Punks. The trading volume in just one day exceeded 6 Bitcoins, and the floor price was FOMOed to 0.006 Bitcoins.
However, the series began to decline in volume after all the pictures were fully included in the trading market. From the trends of the above 10K projects, we can also see that except for Bitcoin Frogs, which is still relatively strong, the rest have begun to show corrections. If Bitcoin Frogs also experiences a larger retracement next, then the Bitcoin NFT market may come to an end for the time being.
Even so, Bitcoin NFT still has unlimited potential. The main contributors to this wave of market conditions are the Chinese, and there are still many incremental players in the English circle waiting to be discovered. In addition, Bitcoin PFP will be different from Ethereum in terms of narrative, content, and development direction. For example, the highly anticipated Taproot Wizards has announced the completion of US$7.5 million in financing before the whitelist has been released. , projects based on Bitcoin’s native meme culture are still gaining momentum. For another example, On-Chain Monkeys is about to complete its migration. All the series on Bitcoin will be burned on the "Block 9" ancient Satoshi, and the rare Satoshi narrative has yet to be discovered...
No.2 - Solana
The price of $SOL has tripled in the past month. As the price of Token continues to rise, attention has gradually spread to the Solana NFT project.
Solana is ranked second on the red list not only because Solana has an influential "leader" level NFT project in the industry, but also because Solana has shown relatively FOMO events.
First look at NFT stars Mad Labs and TENSORIANS on Solana.
Mad Labs is the project that made it out of the circle. Mad Labs announced the launch of its own exchange Backpack Exchange on October 31, which obtained a VASP license issued by the Dubai Virtual Asset Regulatory Authority.
Starting from November 10, Mad Labs NFT began to rise, with a cumulative increase of more than 100% so far, and the floor price exceeded the highest price in history.
Mad Labs Price Trend
On November 16, Mad Labs launched an activity to pledge $SOL to obtain $PYTH. All users can pledge at least 5 $SOL after completing KYC to obtain -2023202 3202320232023-3-Reward , stakers holding Mad Labs NFT have the largest share of rewards.
This event is currently closed. This was a very successful event for Mad Labs NFT and even the Solana ecosystem. In just 3 days, there were about 150,000 KYC applications, and more than 300,000 $SOL ($18 million) were deposited in Backpack Exchange. On Twitter and in various group chats, many people are talking about this "hair-stroking" activity.
The market for TENSORIANS was also launched on November 10, with a cumulative increase of more than 100%, and the floor price is only one step away from breaking through the highest price in history.
TENSORIANS Price Trend
TENSORIANS is the 10K PFP series officially launched by Tensor in the Solana NFT market. Tensor is currently the NFT trading market with the largest trading volume on Solana.
From a single day, 7 days, 30 days to 90 days, Tensor’s trading volume exceeded Magic Eden, the former king of the Solana NFT market.
In addition to $SOL and Tensor's own strong performance, the rise of TENSORIANS is also a very important factor in bringing Tensor native Token $TNSR airdrops to holders.
There is another thing that is not related to NFT, but it also illustrates how lively the Solana ecosystem has been recently. On November 16, @HGEABC, also known as 9x9x9, a famous NFT KOL in the Ethereum ecosystem, started a "gamble" like ben.eth by "transferring money" in exchange for meme tokens.
"Don't send money to the 222.sol address."
Currently, there are nearly 27,000 $SOL under the 222.sol address, worth more than $1.6 million.
Speaking of which, I must cue DeGods. As the undisputed king of the Solana NFT project, DeGods, which migrated to ETH, has fallen 5% in the past week and 8% in the past 30 days. Frank, the country you once built is prosperous again, have you ever regretted it...
No.3 - Ethereum
I hesitated for a while on whether to put Ethereum on the red list.
First of all, if you compare the trend of Ethereum's leading PFP blue chip with the popularity of Bitcoin and Solana, it is absolutely crap...
In the past 7 days, most of the top 8 Ethereum NFT projects by trading volume have fallen.
But if we focus on gaming NFTs and art NFTs, Ethereum still has a remarkable performance.
The most outstanding growth rate of game NFTs on Ethereum is actually the card game Parallel on the Base chain. The PFP NFT assets of this game were issued on the Ethereum mainnet, with an increase of more than 100% in the past week. This time, it was the "eldest brother" who took advantage of the "little brother"...
Parallel Avatars price trend over the past week
Parallel's recent performance has been very good. Not only has the price of NFT increased, but the price of its Token $PRIME has also exceeded a record high, with an increase of more than 100% compared to the beginning of the month.
$PRIME seems to have no intention of stopping...
The "QQ Farm" The Pixels, which has been migrated to the Ronin chain, is also gaining more and more attention, and Ethereum is once again benefiting from it. The game's land NFT asset "Farm Land" was issued on Ethereum and has increased by approximately 26% in the past week. If we extend the timeline back to the end of October, Farm Land's floor price has tripled.
Of course, if you are more tolerant to Ethereum, not only did it compete with Bitcoin and Solana in the past week, but the rise of gaming NFTs on Ethereum is still quite good:
- Matr1x FIRE’s PFP series Matr1x 2061, up 100% month to date
- Nounish Punk, a parkour game based on the image of Nonus, had a maximum increase of 500% at the beginning of the month
- BlockGames Dice of Web3 game platform BlockGames saw its largest increase at the beginning of the month reach 200%
- GameFi project Wallet War’s Balthazar raW Pass had a maximum increase of more than 200% at the beginning of the month
- Treeverse Plots, the land of the MMORPG game Treeverse, had a maximum increase of more than 100% at the beginning of the month.
Game NFTs are popular for two reasons. On the one hand, Memeland's Token $MEME made the expected NFT projects with Token on Ethereum popular at the beginning of the month. One of the typical examples is The Grapes, which is a PFP project like Memeland and is certain to have a Token airdrop. The project is backed by Thanks to Animoca, it rose rapidly by more than 200% at the beginning of the month and the floor price has remained stable so far. On the other hand, the players currently active in Ethereum NFT are mainly in the English circle, and the tone of players has undergone some changes. In terms of games, Parallel's game quality has been well received, and The Pixels has captured the attention of players in the blockchain gaming circle. NFT players seem to be more tolerant of game projects - with Token, the team makes me feel at ease. I would just like to take it a little longer.
Changes in players' tone are also reflected in art NFTs. People have higher requirements for artistic quality and have more patience. Opportunities for "consumer-level art" are becoming more frequent.
"Consumer-level art" is a new term that I came up with myself. Compared with master-level art series, the popularity of these artists is relatively limited, but they have a certain reputation in the circle. His works may not have too many touching story lines to form a main line of connection between the works, and the work itself may even have some flaws, but overall it can give people a pleasing feeling. NFT players in the circle are willing to collect/Degen, and are doing Collector and A relative balance is achieved between Degens.
The stars of this type of project are ANOMALY AI by Star Im and Gruffters. ANOMALY AI by Star Im is Free Mint, with a total amount of 8888, and the floor price exceeded 0.1 ETH when it was the highest. What is commendable about this project is that after Free Mint, the price increased from 0.002 ETH, and it still has a floor of 0.06 ETH, and the trend is relatively stable. All this happened on the basis that the creators knew that the second phase of gameplay needs to wait for a month. . Gruffters is 0.04+ ETH Mint, and the highest point has been around 0.35 ETH. However, since the creator himself has not explicitly regarded this series as his follow-up Art Pass, the current floor price has fallen back to 0.08 ETH.
Treeangles by nix.eth perhaps best reflects the current Ethereum NFT players’ patience for art NFTs. During the public sale phase, 70 units of this project were lost by the robot Mint, which was almost a death sentence for a project with only 300 units in total. But even so, the project has never fallen below the offering price.
The recovery of Ethereum NFT preceded the rise of Bitcoin NFT, which may be the reason why Ethereum NFT has been ignored recently. The above-mentioned "stability" demonstrated by Ethereum NFT players recently is the reason why I finally decided to put Ethereum on the red list.
blacklist
Polygon
I am still optimistic about the future of Polygon NFT. Regarding the outlook for the Polygon NFT market, I have discussed in detail in the article " NFT trading volume exceeds 1.2 billion US dollars, will Polygon repeat the NFT success of Solana? "
However, Polygon NFT is completely lagging behind in this wave of market trends. The only one that is doing well is the "Polygon flagship" Pluto Misfits, which rose by 50% at the beginning of the month...
Polygon, Polygon, you are willing to spend 3 million US dollars to migrate y00ts (the money was later returned to Polygon, and y00ts also left), which shows that you still have the idea of making trouble in NFT. The market is so good, $MATIC has also risen, why are you invisible...
Although Polygon should be given more patience, it will still be included in the blacklist this time. As the only one left behind this time, I hope Polygon can surprise us next time.
