📈 Art Blocks Curated Market Update
Let's see what has changed over the past two months...
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Since the last Art Blocks market update, there have been four new curated drops. Also, there was a big crash in ETH value and volume. As the ETH market seems to be recovering (ETH is up 35% over the past month), I think it is the right time to see the effect on Art Blocks.
A couple of reminders:
If this is the first time reading my market analysis, I suggest you read this first.
This isn’t financial advice. NFTs are very volatile, and you should always do your own research.
This report is purely analytical. I’m not analyzing collections from an artistic point of view. I do that in other articles.
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Art Blocks Curated and Ethereum General Stats
As I mentioned earlier, ETH seems to be recovering from its lowest point in a long time (~$900) and it is worth $1515 right now. The last time we reviewed Art Blocks, its value was $2320 (-35%).
The whole ETH blockchain had its worst month in over a year in June 2022. Nevertheless, volume and active wallets are finally going up in July.
Art Blocks curated floors went up by 32% on average when using ETH as a reference. In contrast, they went down by -13.5% when adjusted to dollars.
General listings went down by 1.42% (from 9% to 7.58%), which is a great sign as these collections already had low listings (below 10%).
The total market cap of all Art Blocks Curated collections is 377,744.58 ETH ($572.2M).
Here is a users and volume comparison between FxHash and Art Blocks from last week.
Art Blocks Curated Collections Top Floor Movers
Archetype by Kjetil Golid - from 17 to 33 ETH (+94%).
Chromie Squiggle by Snowfro - from 6 to 11.5 ETH (+92%)
Cosmic Reef by Leo Villareal - from 1 to 3 ETH (+200%).
Anticyclone by William Mapan - from 3.8 to 8.3 ETH (+118%)
Unigrids by Zeblocks - from 6.5 to 13 ETH (+100%).
Elevated Deconstructions by luxpris - 21 to 35 ETH (+66%).
Screens by Thomas Lin Pedersen - 1.8 to 4.1 ETH (+127%).
Running Moon by Licia He - successful mint with a floor of 2.19 ETH.