NFT Tokens ( Non-Fungible-Tokens)

Are BAYC, Crypto Punks, MAYC,… The 100X Gem NFTs To Bag For Eternity?  

Written by: Elena R

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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Feb 1, 2022

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Highlights

    Crypto savvies embark on an exploration drive to bag potential NFTs for higher returns.

    BAYC, Crypto Punks, MAYC, Pluto Alliance, Gutter Cat Gang, and Doodles turn as potential contenders.

The folks from the global crypto market continue their exploration drive to bag potential NFTs. As the hunt for virtues from the diverse sectors of the business grows fierce. Savvies are expecting, NFTs to drive a majority of the crypto adoption over the next decade. Since, NFTs are more about art, fun, and elite symbol for novices, who find it difficult to analyze the fundamental part.

Consecutively, fundamentals and utility are an inherent part of mainstream cryptos. Are losing out on buyers, as novices lack the knowledge for the same. Probably this could be one of the reasons, that has been enticing newbies. In an ocean of NFTs, BAYC, Crypto Punks, MAYC, Pluto Alliance, Gutter Cat Gang, and Doodles are emerging as investors’ choices for varied reasons.

Are These NFTs The Tech Like Giants Of Tomorrow?

Bored Ape Yacht Club (BAYC):

BAYC has reached a major milestone with the floor price at 100 ETH, enthralled masses in the fraternity. Apes from BAYC being bought for extremely high prices is not a new event in the business. In continuation, Justin Beiber has bought an NFT for $1.29 M, paying way more than the floor price. The NFT bought by the music star is coded #3001. Another NFT from the stable, numbered #232 was sold for $2.85 M. 

Crypto Punks:

 Crypto Punks, the series of NFTs launched in 2017 by Larva Labs, have come a long way since its inception. The Cheapest NFT from the stable costed $4.55 in 2020, whereas the current lowest price for Punk is at 83.98 ETH which tallies to $234,740.89. 

NFTs from the brand being retailed for hard-to-believe prices have now become a routine affair. Alexandre Arnault bought a punk-coded “3167” for 160 ETH ($416,400). In addition, an infamous collector “9x9x9” has earlier bought 21 Crypto Punks NFTs for about $4.4M.

Mutant Ape Yacht Club (MAYC): 

MAYC hosts a unique set of collectibles, created as a side project by the makers of BAYC. The set was released in August of 2021, with 10,000 NFTs which were instantly sold for $96 M. The creators have curated the system such that it benefits both holders of BAYC NFTs and the prominence of MAYC. The NFTs from MAYC can be created by mining one in the public sale.

The floor price of the NFTs is up 11.1% at 24.85 ETH ($68,211.20), which is lower than its sister series at 100 ETH. On the other hand, the market capitalization of Mutant Ape Yacht Club is also up by 11.1% at 445,262.3 ETH ($1,222,208,341.26).

Pluto Alliance:

Pluto Alliance hosts 10,000 alien NFTs who are on a mission to help determine if Pluto is a planet. The 10,000 collectibles are sold for a floor price of 0.08 ETH, the sale of which has currently ended. The collectibles and concept of the NFTs have been enticing many in the business.

Gutter Cat Gang:

According to the makers, the Gutter is an underground Web 3.0 social club, where NFTs double as the membership token to the Gutter Cat Gang. While Gutter Rats, Pigeons, and Dogs represent base-level membership, Cats represent the premier level of membership. The project is all set to take on the metaverse with its range of NFTs.

Doodles:

Doodles are a collection of 10,000 NFTs, the hand-drawn collectibles include skellys, cats, aliens, apes, and mascots. The collection also includes rare heads, costumes, and more. The makers are launching a new experience in February of 2022, with which users would venture into the cosmos for varied events of enthusiasm. 

Summing up, with the year expected to be in the name of the diverse offerings of the industry. Traders and collectors have suited up to bag NFTs, as these hold the potential to make riches while building a community of like-minded individuals. The aforementioned NFTs are the ones folks are keen on and are arguably not to miss out ones for the future.  

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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