Degods NFTs are having a great time in the NFT market after a 200% surge in the past week to reach over $2 million in sales. In this article, we will explore Degods recent performances in the market and how they compare with CryptoPunks and DogeZuki Collection.
Degods NFTs Daily Performance of Over 100%
Degods NFTs have been on an impressive upward trajectory, with a daily performance surge of over 100% in the past week. According to data from CryptoSlam, the daily sales volume for Degods NFTs has consistently exceeded $300,000, with more than 70 transactions taking place each day.
Furthermore, the number of unique buyers saw a steady increase, with approximately 60 new buyers entering the market daily. Moreover, the number of holders of Degods NFTs increased, surging to over 300. At the same time, the number of sellers is also increasing by more than 90% to 69. Nevertheless, the average hold time for these NFTs was reduced by 20% to just under 11 days.
200% Surge for Degods NFTs to $2 Million
In an excellent display of market momentum, Degods NFTs surged by over 200%, reaching a total of $2.3 million in sales over the past week. Furthermore, the weekly performance shows more than a 200% increase in the number of NFT transactions. Apparently, the number now stands at 751, a massive increase from the previous week.
Moreover, there’s also a 2,000% increase in the number of owners, rising to as much as 370 over the past week. Furthermore, nearly 500 unique buyers are actively participating in the market. Sellers, however, remain cautious, with around 380 sellers contributing to the weekly sales figures.
Compared with CryptoPunks and DogeZuki Collection
When compared to the giants of the NFT world, such as CryptoPunks and the DogeZuki Collection, Degods still has some ground to cover, but the recent surge places it in a favorable position. CryptoPunks maintained a steady sales volume of around $2.1 million per week, with approximately 36 transactions. Furthermore, the number of unique buyers for CryptoPunks stands at around 19, with a similar number of sellers, indicating a balanced market.
On the other hand, the DogeZuki Collection, known for its playful blend of meme culture and intricate design, saw its weekly sales hover around $2.7 million. The collection generated around 64,000 transactions, with 55,500 unique buyers and 9,900 sellers.
Conclusion
The 200% surge of Degods NFTs to $2.4 million is a clear indicator of the collection’s growing popularity and potential to disrupt the established NFT hierarchy. While it has yet to reach the level of the iconic CryptoPunks or the culturally resonant DogeZuki Collection, Degods is on a strong trajectory. With increasing buyer participation and strategic holding patterns, Degods could soon be positioned as a top contender in the NFT space if the current trends continue. Investors and collectors should keep a close eye on this collection, as its rapid increase hints at even greater achievements on the horizon.
Cover Image from Microsoft Designer
The information provided in this article is for informational purposes only and should not be considered financial advice. The article does not offer sufficient information to make investment decisions, nor does it constitute an offer, recommendation, or solicitation to buy or sell any financial instrument. The content is opinion of the author and does not reflect any view or suggestion or any kind of advise from CryptoNewsBytes.com. The author declares he does not hold any of the above mentioned tokens or received any incentive from the company.
