DappRadar is back with another of its impeccably researched reports, highlighting the three most interesting NFT collections on the market. This time around, the threesome garnering their attention include; Invisible Friends, 3Landers and Tubby Cats. Each performing admirably on the secondary marketplace, thanks in no small part to solid foundations in the projects. So, without further ado, let’s jump right in.
First up, DappRadar analyses the now notorious Invisible Friends collection, possibly the most hyped PFP project the blockchain has ever seen, representing 5k unique assets that debuted on February 23 at 0.25 ETH each.
Predictably, the launch kicked off a storm, with floor prices maxing out at 12.5 ETH. However, this has now stabilized at an impressive 7.3 ETH ($18,800) at the time of writing. A grand figure that represents an incredible 3,000% increase from the original launch price.
Over the last 30 days, Invisible Friends has seen the 14th largest trading volume of $77 million, while the top sale cashed in at a whopping 200 ETH, or a cool half a million dollars. However, future utility is for now, mostly speculative, despite coming under the same umbrella as established collections, Slim Hoods and Mood Rollers.
Second on the list, boggle-eyed cartoon creation, 3Landers, makes an appearance. These 10k assets launched on February 21 with a mint price of 0.15 ETH, and quickly became the 15th most traded collection over the last 30 days seeing a total volume of $53 million. The product of a solid team with bags of experience in the NFT sector.
Over the last two weeks, the floor price has grown by an impressive 980%, indicating a healthy interest. However, metrics show a unique holder ratio of just 53%, indicating that large investors could have an unhealthy impact on the market.
Furthermore, the absence of a detailed roadmap is a minor cause for concern. However, an upcoming ‘campfire event’ will provide more insight into the future utility of the project.
Last but not least, DappRadar takes a look at Tubby Cats by The Tubby Collective. 20k unique cartoonified kitties with an unconventional creation process involving 120 various themed palettes. The initial launch caused a stir on Twitter, which has since died down considerably.
The Tubby Cats debuted at 0.1 ETH apiece, and have since quadrupled in value with the floor currently sitting at 4.1 ETH. However, despite recording almost 12k unique traders, the unique holder ratio sits at a lowly 59%.
Furthermore, the collection is run by an undoxxed team, features no roadmap to speak of and has no known utility.
The Full Report by DappRadar
DappRadar is the leading source of information for insights about the latest stats and data in the crypto and NFT space. Make sure to read the full New Dapps Report here, which contains a detailed analysis of the above NFT collections. With the NFT market rapidly gaining more attention and new big players joining the game, we expect to see many unexpected trends and sales this year.
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