🧬 Art Blocks Isn't Doing Too Bad, Is It?
Here is follow-up market analysis on Art Blocks Curated...
Last Friday, I shared my first Art Blocks Curated market analysis. Today I’m doing a follow-up to explore the evolution in the previous few days. We can now track the floor and listings changes.
Before getting into it, this isn’t financial advice. Please do your own research.
Art Blocks Curated and Ethereum General Stats
As you may know, Ethereum has been going down (as basically all crypto and non-crypto markets). It decreased from ~$2600 to ~$2300 (30% down compared to one month ago).
Yesterday (9th of May 2022), ~1.1M transactions happened on the Ethereum blockchain. We will take this number as a benchmark for future updates.
General Floors went up by 26%, and 12% up after adjusting to $. Although most NFTs are down, Art Blocks Curated collections gained value over the past five days.
The number of listings increased considerably from 8.78% to ~11%. This means holders were trying to sell during these days after seeing the floor gains.
Art Blocks Curated Collections Top Movers
Algobots by Stina Jones gained almost 100% on the floor and almost broke the 2 Eth floor barrier (1.94 Eth).
Ringers by Dmitri Cherniak had the most significant upside in absolute ETH value, as the floor from 35 ETH to 59.9 ETH.
Vortex by Jen Stark was the biggest gainer after moving from 0.3 Eth to 0.7 (+133%).
Trossets by Anna Carreras gained 99% on the floor after moving from 0.35 ETH to 0.7 ETH. Trossets was mentioned in the previous analysis as it was in the top 3 on PTFR and PTFRwS (experimental metrics, I wrote about these metrics here).
Only 720 Minutes by Alexis André lost more than 10% on the floor (from 1.66 ETH to 1.44 ETH).
When looking at the adjusted floors (the actual gain or losses in $), Endless Nameless, Asemica, Anticyclone, and Unigrids join 720 Minutes as their floors went down more than 10%.
Surprises and Opportunities (For Premium Subscribers Only)
Here are some interesting insights that surprised me and might indicate good opportunities.