gm NFTs Dec. 27: Bull Market Back On?
Top News Today:
- Bull Market Back On
- $SOS Airdrop
Bull Market Back On?
Has the joy of the holiday season turned the NFT bull market back on? Call it the SOS airdrop (see below) or lots of extra money in stockings, NFT projects have seen strong increases in both volume and floor price in the last few days. Headlined by the Mutant Ape Yacht Club, which has seen a 431 percent volume increase over the last seven days while claiming a new all-time high floor price of 11.4 ETH.
Other notable project increases (percent change week over week):
- CryptoPunks: 77% increase in volume traded, 14% increase in floor price (68.45 ETH)
- CrypToadz by Gremplin: 96% increase in volume traded, 55% increase in floor price (3.70 ETH)
- Bored Ape Yacht Club: 26% increase in volume traded, 15% increase in floor price (59 ETH)
- Cool Cats: 125% increase in volume traded, 35% increase in floor price (9.07 ETH)
Top projects like Clone X, adidas, and Doodles also saw strong volume - but not enough to warrant an increase in trading volume week over week.
The OpenDAO, $SOS Airdrop
To the delight of many OpenSea users, $SOS, a new ERC-20 token was made available to claim for those who had bought NFTs on OpenSea prior to December 23, 2021. Those who have participated are eligible to claim their tokens until June 30, 2022. Like other widespread airdrops (see $ENS) $SOS blew up overnight, becoming the hottest topic of NFT Twitter, and sending many into a frenzy. Users are eligible for a particular amount of $SOS based on the volume of their transactions on OpenSea and the quantity of those transactions as well.
The DAO is aimed at bringing together the creator and collector community, setting aside 20% of token allotment to support emerging artists and help scammed users.
For more information, visit The OpenDAO website.
Note: $SOS is a not affiliated with OpenSea and this is not an official airdrop. Users wishing to claim their tokens should do their own research regarding security concerns with interacting with The OpenDao smart contract. Lucky Trader nor the author are liable for decisions made regarding the claim or sale of $SOS.
5 Things I Learned About Investing in 2021
Last week Lucky Trader co-founder Jonathan Bales dropped his most recent piece, "5 Things I Learned About Investing In 2021." In the piece, Bales walks through the five of the most notable things he learned from investing in NFTs and web3 during the course of 2021.
Koinly Crypto and NFT Tax Software Review
Need help preparing your crypto and NFT taxes? Our staff is working on a series of reviews for the most popular cryptocurrency and NFT tax preparation software. Read our full review and signup for Koinly below!
Disclaimer: Lucky Trader is not a registered investment advisor. You understand that the service is furnished for your personal noncommercial, information, purpose only. No mention of an NFT in the service constitutes as a recommendation to buy, sell, or hold that or any other NFT. Nothing within the service shall, or is intended to, constitute financial, legal, accounting, or tax advice. Any decision that you make to buy, sell, or hold an NFT should be based on an assessment of your risks in consultation with your personal advisers.
