Terra Classic’s [LUNC] recent success might get you high on investing
MATIC: Will a mixed bag of these metrics be enough to hit $1
Shiba Inu [SHIB]: Why investors are active now with this BONE to pick
Here’s what to expect from AVAX’s latest retest of this key level
What awaits Ethereum Classic [ETC] after approaching key Fib. level
Bitcoin miners sold nearly 400% of their production in June but…
Profits are down by 58%, but how are Bitcoin and miners coping after June
Bitcoin [BTC] maximalists are closely looking at these factors with $21k in sight
Bitcoin: Before you take long trades of BTC’s $20k breakout, read this
Bitcoin: On lower timeframe, buying BTC in this area could be quite risky
Ethereum [ETH]: The true meaning of >130 ‘millionaire’ whales coming back
stETH-ETH Curve pool transactions show a buying spree for ETH despite…
Identifying what Ethereum [ETH] needs to push itself to $2K again
ETH’s inflection point might be around the corner, here’s how
Ethereum: Expect this from ETH after the low volatility phase
Published
on
By
It is always refreshing to see bygone NFT collections announce new releases. Such is the case with the Art Blocks NFTs which have been revitalized after their latest launch. The collection previously gained a lot of attention back in August 2021 when its sales hit an ATH of $69 million.
The Art Blocks collection is now making waves once again. The collection is currently ranked third on the daily volume charts with over $2.4 million in sales. The uptick came in following huge demand for the Art Blocks NFTs with a 311% increase in a 24-hour window.
The collection has been gaining headlines for being above the BAYC and MAYC collections, albeit for a short while. The Art Blocks NFTs are also ranked sixth on the 30-day charts after its recent performance. The collection noted a surge of 151% over the period, with the sales volume rising up to $19.8 million.
Source: Crypto Slam
We can see several reasons for the recent uptick on the charts. Art Blocks released a new limited collection called the “Running Moon” which has been minted entirely. The official website claims that the collection “depicts the nuanced interaction between clouds and moonlight”. It goes on to say that Running Moon is a “search for harmony.”
Art Blocks also claims that 25% of the profits (above resting price) will be donated to support women and non-binary technologists.
Another reason can be the overall recovery of the crypto-markets in July. The NFT markets have also seen sustainable recovery in recent days. This recovery has allowed new NFT collections to thrive thanks to growing demand across the market. Charitable donations have also attracted new demand for Art Blocks NFTs.
Art Blocks NFTs’ latest chart highlights an unprecedented hike in the collection. However, the question remains if it can sustain the sales and attempt to grow in a recovering market.
Collections such as Sorare have also resurfaced in similar conditions and are managing respectable sales right now. The onus is now on Art Blocks to answer these questions.
Still want to hold on to TRX? Here’s why this level is worth looking out for
What did Q2 have in store for DeFi’s market performance
Kanav is a journalist at AMBCrypto. He has a Masters in Media and International Conflict and is interested in areas of digital society, crypto developments in the political sphere and the socio-cultural impact of a crypto-society.
How and Why of this NFT collection garnering more sales than BAYC
Punks and Dogs – Here’s what’s doing well in the NFT market
Solana [SOL] NFTs stand to be the undisputed king of trading volumes in Q2 2022 as per latest report
This is how Bored Apes Yacht Club [BAYC] is back from the burrows
Can MoonBirds fly amid the tittle-tattle of drawdowns
Will Sorare NFT beat BAYC and MAYC in the long term given its high…
Your email address will not be published.
document.getElementById( “ak_js_1” ).setAttribute( “value”, ( new Date() ).getTime() );
Disclaimer: AMBCrypto’s content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions.
