The non-fungible token (NFT) market is beginning to show signs of profitability again after facing over a year of decline, which has reportedly left more than 90% of NFT collections nearly devoid of value as of November 2023. Recently, another market analysis highlighted the grim reality for NFTs, suggesting that 96% of these assets may now be considered inactive. The analysis pointed out the substantial level of unprofitability among NFT owners. Below, we present three NFT collections that have gained traction today, October 16.
1. Pops NFT Collection
Today’s leading NFT gainer is Pops, a collection of non-fungible tokens that includes a limited release of 1,111 NFTs minted on the Solana blockchain. In just the last 24 hours, the trading volume for this collection skyrocketed by +3,000% compared to the previous day. Additionally, its floor price has risen an impressive +580% to reach 0.25 SOL during this timeframe. Over the past 30 days, the Pops NFT series has seen a remarkable increase of +1000% in sales volumes.
Source: coingecko.com, POPS NFT Trading Activity
2. Fluf World: Thingies NFT Collection
The second top NFT gainer today is Fluf, a non-fungible token collection comprising a limited series of 10,000 Mycelium-crawling Thingies, which are fluffy, spider-like creatures. This NFT collection was introduced by the Fluf World metaverse gaming platform in 2021. At launch, gamers witnessed 10,000 Thingies emerge from the extensive Mycelium networks of FLUF World, bringing with them enigmatic surprises. Sales for Fluf NFTs have surged significantly amid the current memecoin supercycle.
Source:coingecko.com, Fluf World: Thingies Trading Activity
In the last 24 hours, the floor price of the Fluf NFT collection surged over 1000% to $0.087. Sales volumes for this collection have increased by +180% over the past week, more than 150% in the last two weeks, over 117% in the preceding month, and +76% over the last two months. Despite this, the Fluf NFT collection is still down +83% from its all-time highs.
3. RiBT NFT Collection
RiBT is the third top NFT gainer for today, October 16, 2024. RiBT is a profile picture (PFP) project inspired by the Turbo Toad mascot, incorporating a community-driven, AI-managed treasury with contributions from some of the biggest artists in Web3. The NFT collection includes a constrained edition of 4,216, hosted on the Base blockchain network. RiBT represents a novel art initiative that combines NFT art and PFPs in an innovative manner.
Source: coingecko.com, RiBT trading activities
In the past 24 hours, the RiBT NFT collection has increased its floor price by over 137% to $0.066. The collection has also experienced a notable surge in sales volume, rising over 5,000% to 6.49 ETH over the last 240 hours, with increases of over 280% in both the past week and two weeks, more than 700% in the last 30 days, and over 600% in the past two months. Investors holding these NFTs over the past three months are now enjoying substantial profits.
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