Moonbirds have made a remarkable comeback, showing a notable rebound. Within 7 days, its trading volume has recorded a substantial 259.64% increase. Meanwhile, two NFT collections, Nakamigos and Milady, have recently gained immense popularity despite lacking clear plans or roadmaps. Let’s dive into the article to unravel the driving forces behind these trends.
From FUD to promise: Moonbirds’ road to recovery
Moonbirds, the prominent NFT collection, has experienced its ups and downs. Once a highly valued project, its popularity took a hit after the team announced a shift towards CC0 in August 2022. This decision allowed anyone to use the NFTs, placing them in the public domain and removing unique privileges for holders.
Unsurprisingly, it generated FUD (fear, uncertainty, and doubt) within the community, leading to holders dumping their NFTs. This contributed partly to a declining trend in Moonbirds’ floor price. Once peaked at nearly 40 ETH (around $100,000), it now stands at a mere 2.55 ETH.
Nonetheless, Moonbirds has shown resilience in recent weeks. The team has been sharing positive updates and consistently adding value to the project. This includes a renewed focus on digital art and artists, with initiatives like hosting the Diamond Exhibition.
Furthermore, Kevin Rose, a respected figure in the community, emphasized the importance of open communication and clarified the project’s direction. He announced that Moonbirds would retain its CC0 status, while the Mythic series, releasing in June, will provide commercial rights to its holders.
This dual approach caters to the community’s varied needs, fostering a more diverse and inclusive ecosystem.
The recent wave of bullish news has spurred a remarkable rally for Moonbirds. The collection has seen trading volume surging to $5.87 million, marking a 259.64% increase, while the number of traders has grown by 143.75% to 468.
Nakamigos riding the wave of Beeple’s support
In a recent article, we investigated the factors contributing to Nakamigos’ impressive rise to fame. To date, there still have been no official updates regarding the project’s roadmap; however, the community has pinpointed a potential catalyst for its ongoing triumph – the perceived endorsement from the famous NFT artist Beeple.
Beeple recently shared a piece of digital art inspired by Nakamigos, which tells a story of a cyberpunk dystopia. Moreover, the Beeple-backed 10KTF showcased Nakamigos on its official Twitter account.
Likely due to Beeple’s tweet on April 23rd, Nakamigos witnessed a significant upswing in data within a 24-hour timeframe. Its trading volume soared by 255.26%, with the number of traders rising by 124.9% to 1,138. Meanwhile, its floor price climbed to $571.09, a 14.55% increase.
Milady’s weirdcore aesthetics challenges the norm
Milady has been a regular on DappRadar’s top 10 NFT ranking lately. Despite the absence of a roadmap and its peculiar art style, the series continues to find success.
The art style of Milady is remarkably unique, so much so that some users have dubbed it the “ugliest” NFT they have ever encountered. However, Milady’s distinctive neochibi aesthetic has managed to captivate a large enough audience to keep the buzz going.
At the heart of Milady lies the ‘weirdcore’ philosophy, symbolizing a pursuit for uniqueness. Its primary goal is to defy authority, challenging the prevailing aesthetic standards in the NFT market that Milady aims to disrupt.
The collection has not only captured the attention of the NFT market with its unconventional art style, but also with its remarkable market performance. In the past 7 days, Milady has secured a trading volume of over $5 million. Additionally, its floor price has risen by 27.2%, now standing at an impressive $5,140.
Check out the list of NFT sales highlights
N.B. Dollar values given are correct at the time of sale.
Every week, DappRadar highlights not only the most expensive NFT sales but also the most interesting in the previous seven days. While huge numbers are sure to capture headlines, it’s also essential to highlight emerging trends and keep the DappRadar community ahead.
- BAYC#5230– $582,040 / 300 ETH – Owner’s Wallet
- CryptoPunk #6166 – $417,610 / 215 ETH – Owner’s Wallet
- Azuki #6954– $378,950 / 170.85 ETH – Owner’s Wallet
- Autoglyphs #145 – $285,880 / 155 ETH – Owner’s Wallet
- mazars.eth – ENS – $172,255 / 93 ETH – Owner’s Wallet
- MVP #163 – $126,760 / 60 ETH – Owner’s Wallet
