📈 FxHash Market Analysis - 500+ Tezos Floors
Let's take a look at the FxHash "blue chips" collections
This time I analyzed the top FxHash collections to see the “bear market” effect. If this is the first time reading my market analysis, I suggest you read this first.
There are currently 24 collections with a floor of over 500 Tezos on FxHash. Since the group is big enough, I will have a specific market analysis for these collections. You could call them “the blue chips.” Some iconic collections aren’t on the list as they haven’t reached 500 Tezos floors, but probably will at some point.
REMINDER: This isn’t financial advice. NFTs are very volatile, and you should always do your own research.
FxHash and Tezos General News and Stats
The last time we looked at collections with over 100 Tezos floors, one Tezos was $1.87. The current price is $1.47.
On average, the floor on these collections went up by 46% and close to 16% when adjusted to dollars. These are critical stats as they show FxHash’s NFTs hold or even increase their value even when market conditions aren’t ideal.
FxHash users and volume over the past week = 5.71k users and 1.27M in volume. Very close to the previous values, this might be the new normal and wasn’t affected by the bear market.
The listings on the top FxHash collections went down by 0.93%.
FxHash Top Movers
Ethereal Microcosm by ciphrd had the most significant gains after jumping from 100 Tezos to 569 Tezos floor (+469%).
Uninhabitable by Iskra Velitchkova broke the 1k floor barrier (+217%). This collection traded much higher at some point, as I remember seeing the floor around 1.7k Tezos.
Stitched by pepe_xyz moved from 200 Tezos to 600 Tezos (+200%).
Waxing Crescent by Cyril Diagne gained 200% as the floor moved from 190 Tezos to 569 Tezos.
hollow by mrkswcz continues its impressive run with a 1.3k Tezos floor and +85k Tezos in the total secondary volume.
A Bugged Forest by zancan made headlines as it was an unexpected drop. It is the third collection of Zancan on FxHash and the floor moved to over 900 Tezos in a couple of hours. In just a few days, it has over 200k Tezos in secondary volume putting it behind Garden, Monoliths (also by Zancan), and RGB Elementary Cellular Automaton by ciphrd.
Traveler by ykxotkx minted in early June in a dutch auction that went down to 10 Tezos - the current floor is 700 Tezos (+6900). It is an excellent example to showcase that new artists could also break out and reach the highest levels in just a few weeks.