Renga Community Launches #rengaweekender PFP Challenge

Renga Community Launches #rengaweekender PFP Challenge

Renga community members are rallying on Twitter today, using the hashtag "#rengaweekender" to encourage users to change their Twitter profile pictures (PFPs) to Renga NFTs for the weekend.

This call to action is likely in response to the negative feedback against the Renga project that not enough holders are using the artwork for their PFPs. Common chatter in the NFT community is that those who hold Renga NFTs also hold other primary collections already (i.e. BAYC, Azuki), preventing more organic PFP usage. This is also tied to growing guidance from influencers for users not to change their PFPs as it may hurt their brand.

This negative feedback against Renga is backed by data, as NFT social metrics platform shows that Renga is ranked just 74th in terms of PFP usage for the project on Twitter and boasts just 515 unique PFPs. This number is up 59 percent on the month, from 350 in mid-September, but still far below the major collections.

For reference, the leading projects by PFP usage include:

  • Clone X (6,518)
  • Moonbirds (6,396)
  • BAYC (6,290)
  • Azuki (5,410)
  • MAYC (5,334)

PFP usage on Twitter is a common metric that NFT holders and traders have used in determining collections to invest in over the past year, as this new PFP NFT sector has exploded.

This #rengaweekender rally may also be driven by the recent fall in floor price, as Renga has seen its floor drop from above 3 ETH to 1.95 ETH at the time of writing and has seemingly lost some major momentum.

Will this trick work for Renga? Time will tell.

More about RENGA by DirtyRobot

At the time of publish, the RENGA by DirtyRobot floor price sits at 0.4 ETH, and has stayed relatively flat over the past 24 hours on 137 ETH volume of transactions. Over that same timeframe, 3 sharp wallets have sold 3 NFTs and 5 sharp wallets have bought 7 NFTs in the RENGA by DirtyRobot collection. Catch up on other recent RENGA by DirtyRobot news here.

Recent RENGA by DirtyRobot Sales

#9689sold at 12/02 8:12am for
#9533sold at 12/02 8:12am for
#5562sold at 12/02 8:12am for
#7618sold at 12/02 8:12am for
#1792sold at 12/02 7:12am for

Recent RENGA by DirtyRobot Listings

#1787listed at 12/02 9:12am for
#1699listed at 12/02 9:12am for
#8989listed at 12/02 9:12am for
#8989listed at 12/02 9:12am for
#7891listed at 12/02 9:12am for
Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice.
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