📈 FxHash Market Analysis
Let's look at the blue chips and the "bear" market effect on FxHash
It has been almost a month since I reviewed 100 Tezos floors collections on FxHash (or the blue chips?), so I thought it made sense to look at the market crash's effect on them. This isn’t financial advice, and you should always do your own research.
If this is your first time looking at my market analysis, I suggest you read this first.
Link to spreadsheet → https://docs.google.com/spreadsheets/d/1TVz_s32Qgq87HAr_svpMw6KHEp6F7-97wIivuvShl90/edit?usp=sharing
Included new collections from mjlindow (Desert Sun Rising), mrkswcz (hollow), ismahelio + mrkswcz (Proxima), Zancan + Yazid ((kinder)Garden, Monuments).
Tezos went down from $3.17 to $1.86 (-41%). This downturn has spread across the crypto space and even most industry sectors.
Weekly Fxhash users/volume over the past seven days: 3.4k users / $480k. Very similar to the previous update (3.6k users / $508k).
On average, floors went up by 26.46%, but when adjusted to $, they went down by 25% (due to the significant Tezos drop -41%).
Listings on this group of collections went down by 0.77%.
FxHash Top Movers
The most significant gains came from new drops that made this list. Hollow by mrkswcz netted +1400% gains if you minted (32 tezos to 479 tezos). mrkswcz has been leading the headlines as he also collaborated with ismahelio on the Proxima collection, which minted for 64 tezos and has a floor of 200 tezos.
The recent small drop from mjlindow called Desert Sun Rising (70 pieces) minted in a dutch auction for 100 tezos, and the floor is now 900 tezos (+800%).
(kinder) Garden, Monuments by Zancan and Yazid minted out in dutch auction (lowest mint price was 512 tezos) and has a floor of 1600 tezos.
RGB Elementary Cellular Automaton by ciphrd gained 153% as the floor moved from 789 tezos to 2k. Listings went down 2% (from 86 to 62), and only 6.2% were listed for sale.
contrapuntos by msoriaro gained 137% and is getting close to the 1k floor mark (890 tezos).
William Mapan’s Dragons crossed the 1k tezos floor mark (1.4k) from 599 tezos. This big jump comes after his successful Art Blocks Curated debut (Anticyclone).