Given the sideways movements of the cryptocurrency market in recent days, it is acceptable for people to think that we are entering a bear market. The leading cryptocurrency Bitcoin has been trading in a narrow range between $ 28-30 thousand for a while. We have included the details in this article. So, what is happening in the NFT coin market in this environment?
NFT coin projects choose Solana for network performance
With thousands of projects spanning DeFi, NFTs, Web3, and more, Solana is now one of the top blockchains of choice. The main reasons for users and developers to start investing in Solana are; practicality and low gas fees. Thanks to this, the amount of NFTs in Solana has been steadily increasing over time. The cumulative volume of NFT sales in Solana exceeded $1 billion.
NFT projects to follow in June 2022
Trippin’ Ape Tribe
Trippin’ Ape Tribe, brand It appeals to an NFT community of awareness-raising, long-term benefit, and trip designs. Based in Solana, the project is a community-first PFP initiative based in California. Pictures of Trippin’ Ape Tribe are designed to be used as profile pictures on social media platforms.
NFT project Trippin’ Ape Tribe consists of 10,000 unique photos of monkeys, each with their own design. The startup raised over $24 million in the first 24 hours of its opening.
- Tokeneconomic: The token supply of the project is limited to 10,000. If demand increases, this will cause prices to rise. Highest selling at the time of writing is 310 SOL.
- Base price: Initially, there was a base price of 58 SOL. However, in the following days, the base price fell to 51.69 SOL, then 27.9 SOL.
Solana Monkey Business
Solana Monkey Business (SMB) can be defined as a randomly generated collection of 5000 unique SolanaMonkeys stored on Blockchain. With their accessibility-focused design, the monkeys’ goal is to get the Solana Blockchain out to as many people as possible.
Only two NFT collections are available at Solana Monkey Business. SolanaMonkeys: 5000 different NFTs with attributes and rarity mechanics.
- SpaceMonkeys: 4 non-unique NFTs on all SolanaMonkeys that entitle holders of all collectible copyrights the right to mint and trade money for the rest of their lives.
- Token – There is a limited supply of 5000 tokens in the project. With more adoption, the price is expected to skyrocket. It is currently the top selling 499 SOL.
- Base Price: Initially there is a base price of 119 SOL. However, the base price rose a bit after much volatility and is currently fixed at 165.69 SOL.
DeGods
DeGods describes itself as a collection of corrupts, vagrants and misfits.
DeGod has functions such as DUST mining and access to an NFT tracking mobile app called DYOR and community membership. DUST can be used to convert DeGods into DeadGods.
- There is a limited supply of 1000 tokens in the project.
- Base price: 351.00 SOL has a base price. It dropped to around 170 SOL sometime around May 12. Recorded an ATH at 999 SOL.
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