The bear market of cryptocurrencies cannot but be reflected in NFTs. And although Bitcoin has grown by more than 20% over the past week, this does not mean the crisis has passed. The market is still dominated by fear, and at such moments it is vital to make competent and balanced decisions about the purchase of certain NFTs. In this article, we will talk about collections that have the potential to give good Xs when the market decline is over.
And first of all, these NFTs can hold leading positions for a long time. You can read more about them in our article “ The most popular NFT collections.” Although the article was published over two months ago, it remains relevant. All the projects presented there can perform well in the long term.
CryptoPunks and Bored Ape Yacht Club
These two collections deserve another mention. NFTs of this level are much less afraid of fluctuations in the market than others. It is not surprising that recently these collections are in the top in terms of sales. You can see for yourself. According to DappRadar data, these NFTs have been steadily topping the list in terms of sales over the past month.
Why is this happening? People are full of doubt and fear. After all, you don’t want to invest in this or that collection and then be left with nothing. But there are market mastodons who manage to hold their positions thanks to the audience’s trust.
And now let’s see who over the past 30 days has been stepping on the heels of crypto punks and NFT monkeys, keeping them company during the winter.
Art Blocks
Sales volume: $22.38 million
Market capitalization: $12.47 million
Number of sales: 11,144
Let’s start with this collection, as it even managed to overtake the MAYC mutant monkeys in the last 30 days. Art Blocks is not even a ready-made collection that was pre-generated like crypto punks or drawn like bored monkeys. Art Blocks is an open-source platform that allows an author to upload a piece of art in a particular style and create their own NFT based on it. The so-called generative art. And this concept has a great future, as artificial intelligence stands behind it.
Mebeets
Sales volume: $3.84 million
Market capitalization: $130.37 million
Number of sales: 547
This is a collection from Larva Labs (creators of crypto punks). NFTs can be used as avatars in the metaverse, so the prospects for further development are positive. The collection can be considered by those who have long dreamed of punk but cannot afford it.
Azuki
Sales volume: $8.88 million
Market capitalization: $139.22 million
Number of sales: 566
This collection has one of the most robust NFT communities. They not only survived the bear market and continue to be among the successful collections, but they overcame the not-so-pleasant facts about the creator. And the anime theme has been prevalent lately, which is an additional advantage for the NFT in the future.
coolcats
Sales volume: $1.92 million
Market capitalization: $50.56 million
Number of sales: 358
This is not just a collection of cute NFT cats. This is a whole ecosystem consisting of communities in social networks and a trading platform where tokens provide unique benefits to their owners. Various activities are available on the project website, for which you can receive additional rewards. So this collection is not only fun but also functional. And any practical application of NFT is always a plus regarding the future prospects for developing the collection.
Summarize
In conclusion, I would like to say that the NFT market now provides quite decent NFT collections, and these are not only projects from Yuga Labs. This is a lot of different collections with their idea and unique characteristics. By the way, if you noticed, today we only talked about NFTs on the air. This blockchain is still ranked first when launching NFT collections to a large audience.
