Putting art first. Mint an NFT from a mysterious artist. Read all the details here.
Hi everyone!
Today, we’ll look at the Fxhash collections in the 10 to 25 Tezos range. I looked at these collections almost four months ago (wow, time flies!), so there have been many changes since then.
There might be some hidden gems in this list, but a significant percentage could also be forgotten (with very low to no volume) for a long time.
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.
Link to spreadsheet → https://docs.google.com/spreadsheets/d/1_Vb_XkKSNKO-ymgSLH7AGLEhJ2eECV1FvljIdR_F3us/edit?usp=sharing
FxHash Market Analysis - 2.8.2022 - 10 to 25 Tezos floors.
Included the following collections: Elswhere by elsif, THE400FLIPS by Thomas Noya, Fury by philipbell, Schetsboek by Lucas S. Reveil, Vertical World by haxenfan, Ersbla by Studio Yorktown, A Clock by Ross Goodwin, entanglement by jeres, Snell's Artifacts by Estienne, Puzzles & Birds by sapirco, Magnolia Portrait by Alvis_leo, and
Tezos transactions and contract calls per month - source www.tzstats.com
FxHash users and volume over the last seven days was 4.75k users / $962k, much lower than the previous update - 5.2k users / $2.27M. Source: www.dappradar.com.
The average floor price went up by 90% when measured on Tezos. Nevertheless, the average floor went down by 22.7% when adjusted to dollars (due to the drastic drop +/- $4 → $1.75).
The listings went down by 5%. This means collectors mostly try to hold these collections (usually, the listings move between -1% to 1%).
Only seven of forty collections stayed in the green when adjusted to dollars (excluding the recently added ones).
Paper World by Matt Circles had the highest gains, jumping from 17.5 Tezos floor to 95 Tezos (+442%) and $71 to $166 (133%) when adjusted to dollars.
Ditherwave by KRANKARTA followed Paper World closely after jumping from 23 Tezos to 90 Tezos. This collection was mentioned multiple times as the listings are extremely low (only 7 listed out of 128). The collection only has 835 Tezos in the secondary volume.
Returns by Leander Herzog moved from 14.89 Tezos to 70 Tezos (368%, +101% when adjusted to dollars).
MID-CENTURY MODERN by Aleksandra had the most significant jump in % after moving from 7.5 Tezos to 64 Tezos (+753%). Listings went down by 12% (only 15 listed at the moment).
California Hills in Late Sun by Nat Sarkissian moved from 20 Tezos to 59 Tezos (+195%) and remained in the green when adjusted to dollars (+27%).
Ersbla by Studio Yorktown was originally minted for free at the London Proof Of People + FxHash event. Its floor is over 20 Tezos, which is a big deal since there are over 1k pieces in this collection (after the event, the collection was sold for 25 Tezos).
A Clock by Ross Goodwin minted for 4 Tezos and has a floor of 19 Tezos (+350%).
Returns by Leander Herzog look undervalued to me after seeing his continuous success (Gerhard is at 170 floor and Very Large Array is at 174 Tezos). There are only 5.6% listed for sale (28), and it has commanded over 10k Tezos in secondary value.
CENTURY-XXX-METAMOLNAR(S) by REAS has the lowest amount of listings on the list at 3.7% (37). Keep in mind all REAS collections have been slowly but steadily increasing in value. After all, he is one of the generative art godfathers (created processing, among many other things).
MID-CENTURY MODERN by Aleksandra was already mentioned in the top movers. I want to emphasize that the large drop in listings is very positive (+12% decrease), and there are only 15 listed for sale.
Ridge Scribbles by wwatkns is in the red (-33% when adjusted to dollars), but the listings have been decreasing aggressively. This could be a good candidate for a bounceback as the market might adjust its price slowly.
Using PTFR and PTFRwS, the following collections stand out:
fxApe by Littlesilver et al (2,710 PTFR / 1.81 PTFRwS). The FxApes lead this list by an astonishing amount due to having over 80k Tezos in the secondary volume.
7 out of 40 collections increased their value (from 20% to 270%) when adjusted to dollars. Nevertheless, those that didn’t manage to get traction (secondary volume) went down considerably (over 20 collections went down by 50%). These values do not take into account the newly added collections.
This is interesting because previously, we saw how collections in the 100+ Tezos floor range rapidly adjusted to the Tezos volatility to keep their floor value tied to the dollar value. It seems that isn’t the case for collections in lower ranges, OR maybe it just takes more time to adjust.
This is a handpicked list and doesn’t represent ALL the collections in this range, so the average number across all collections could be very different.
Until next time,
- Kaloh
PD: Remember to fill out this google form to get your Blind Gallery Mint Pass (this is for Premium subscribers only).
Please fill out the form only once 😉
The last time we looked at this range, Tezos’ value was over $4. Today, the value is $1.75.
In July, Tezos’ total transactions and contract calls didn’t reach the same volume as in May or June. Nevertheless, there were more transactions than in March and April.
Snell's Artifacts by Estienne minted out very quickly yesterday for 6 Tezos and currently sits at 18 Tezos (+200%).
Kaloh
