Remember those times when mainstream media reported on the sale of NFTs for huge sums of money? At one point, the topic of "NFT" became one of the hottest topics on the internet.
Today, we see some popular meme coins appear as NFTs, for example Nyan Cat selling for around 300 ETH, Disaster Girl for 180 ETH, and Pepe the Frog for $1 million.
Currently, memecoins become a hot topic in the market, even though they have existed in the past. That's why you may hear the term "meme coin season".
One of the leaders of this “meme coin season” could call it Pepe the Frog. The green frog is back but not in the form of NFT but in the form of $PEPE, the memecoin that has helped a number of new millionaires emerge among the 8 billion people on Earth.
How will NFTs work in 2023?
In early 2023, NFTs continue to operate actively. NFT sales increased to $1.49 billion, an improvement from $746 million in December 2022. In Q1 2023, sales totaled $3.04 billion, up from with $1.88 billion in Q4 2022.
Total sales in Q1 2023 were 3.04 billion up from 1.88 billion in Q4 2022.
NFT Blur market is currently the market with the most Daily Trading Volume, Blur overtook OpenSea in February 2023.
According to data from NFTGO over the past 3 months, Blurs has the largest transaction size by volume with 2,129,135.41 ETH, followed by OpenSea with 759,427.27 ETH.
Currently, the top NFT collectibles by sales over the past 30 days are all green at the top as Bored Ape leads the pack in sales and transactions, followed by DMarket and Azuki. In 10th and 11th place are Milady Maker and Nakamigos, two NFT meme collections.
A Look at Some NFT Memes in 2023 So Far
Milady Maker is a collection of 10,000 creative pfpNFTs, designed in a neo-Chibi style and inspired by street tribes. Remilia released lo-fi Avatars for this project.
This NFT project has had a great year. It had a successful start in January with 1,887 ETH, surpassing the 0.73 ETH price that ended 2022 by almost double.
Milady Maker ended Q1 2023 at 1 ETH and started Q2 with significant growth. Reached an all-time high (ATH) of 2.32 ETH on April 10 and continued to rise to another ATH of 3 ETH on April 29.
Milady Maker continued a similar rise in March, reaching a new ATH of 3.75 ETH on March 2 before breaking to 4 ETH on March 7. At the time of writing, its floor price is now 3.8 ETH with a market cap of $70,145,388.
The same cannot be said for Goblintown, an NFT meme that has been on the decline since 2022, after reaching a peak of 7.35 ETH in June 2022.
Goblintown started 2023 with a floor price of 0.65 ETH, current price is 0.226 ETH with a market cap of $4,227,047. In 2023, we also saw the likes of Nakamigos and Redacted Remilos Babies.
Nakamigos was launched in March, a collection of 20,000 NFTs currently owned by 5890 unique owners.
On March 24, Nakamigo was trading at 0.01455 ETH and on April 10, it reached an ATH of 0.85 ETH, which is 58.4x in less than 3 weeks.
But since then, it has steadily declined, currently trading at 0.19ETH with a market cap of $7,110,494.
summary
In Q2 2023, memecoin grew strongly. An example is PEPE coin, a memecoin tracked by Coingecko.
On April 18, 2023, PEPE coin was trading at 0.000000190 USD with a market capitalization of 72.3 million USD. PEPE coin then rose to an ATH of 0.00000372 USD and the market capitalization reached 1.678 billion USD on March 6. In less than a month, PEPE coin has increased approximately 194 times, since Coingecko started Start following this coin. This is considered the most amazing event in the cryptocurrency space so far this year.
If combining the market capitalization of the NFT memes already mentioned, the market capitalization of PEPE coin currently reaches 742.26 million USD, far exceeding the total market capitalization of NFT memes.
Another memecoin, Bob Token, also increased about 34 times between April 22 and May 7.
(Synthetic Aliniex)
#memecoin#meme#nft
