NFT Morning Minute | 'Fontana' Surges, Sets Up 'Rectangles'
Take a minute to catch up on the latest in the web3 space. Here are today's NFT market analysis, top movers, and upcoming mints:
Tyler Warner's NFT Market Summary
Trading volume ticked back up ~10 percent to ~9,600 ETH volume on Thursday, a nice sign headed into the weekend. The primary beneficiary of the volume was new music NFT project Probably A Label, which did ~1,000 ETH volume and a 2x from its 0.09 ETH mint price.
Big winners on the day were led by Art Blocks Curated project Fontana, up a whopping 79 percent to 2.54 ETH (5x from its Wednesday mint). Terraforms rose another 33 percent to 1.85 ETH and Genuine Undead bounced back from the dead, up 60 percent to 0.36 ETH. Renga technically chopped on the day at 2.5 ETH floor, though it fell as low as 2 ETH before bouncing back overnight. QQL Mint Passes also rebounded 16 percent to 19.5 ETH, and CloneX jumped 8 percent to 7.97 ETH floor as Clonetober teasers keep rolling out.
For today, all focus will be on the Jeff Davis Art Blocks mint "Rectangles", minting at a flat 0.1 ETH. Given the success of Fontana, and the relatively low entry, this will be heavily watched and likely the top mint of the day.
The X factor to watch for today is the jobs report data, which will likely send equity and crypto markets one way or another. If the move is too violent, it likely stalls this recent NFT rally, at least for a few days.
NFT Total Volume (24 Hours)*
- Probably A Label (900 ETH, 0.17 ETH Floor Price)
- Bored Ape Yacht Club (390 ETH, 78.0 ETH Floor Price)
- CryptoPunks (343 ETH, 65.95 ETH Floor Price)
- Terraforms by Mathcastles (338 ETH, 1.85 ETH Floor Price)
- QQL Mint Pass (282 ETH, 19.5 ETH Floor Price)
NFT Floor Price Increase (24 Hours, 0.25 ETH Min.)*
- Geometry Runners (72%, 1.6 ETH Floor Price)
- Fontana (71%, 2.55 ETH Floor Price)
- Arcadia (57%, 0.69 ETH Floor Price)
- Genuine Undead (49%, 0.37 ETH Floor Price)
- RTFKT Skin Vial (46%, 0.29 ETH Floor Price)
NFT Floor Price Decrease (24 Hours, 0.25 ETH Min.)*
- Project Atama Genesis (-34%, 0.78 ETH Floor Price)
- Jenkins The Valet (-20%, 0.55 ETH Floor Price)
- Illuminati NFT (-19%, 0.5 ETH Floor Price)
- Bit Bears by Berachain (-17%, 1.73 ETH Floor Price)
- Gangster All Star Evolution (-13%, 0.53 ETH Floor Price)
Upcoming NFT Mints
- Rectangles (for Herbert) by Jeff Davis (1 p.m. ET)
- Luchador (3 p.m. ET)
For all volume and floor price data, see Lucky Trader's Project Rankings page.
For all upcoming mints, see Lucky Trader's Project Schedule page.
*data retrieved at 8:30 a.m. ET.