Remember NFTs? The price of the new project exceeds that of Bored Ape
Author: Cookie
NFTs on Robinhood are starting to get more and more attention, and the most immediate catalyst was an interaction between Robinhood CEO Vlad Tenev and Beeple's tweet.
NFTs have been around for a long time, and Beeple is one of the few people who can also have a boosting effect on NFT assets. It's a bit like “whatever Beeple draws, whatever it goes up”. In the tweet above, Vlad appears as an NFT savior, holding Cash Cat with the caption “Robinhood is saving NFTs.” Vlad replied, “Someone always has to do this.”
As the “second protagonist” in the picture, the Cash Cat NFT series's floor price rose to a maximum of around $660, a fivefold increase in 2 days.
Before Vlad launched this direct catalyst, the floor price of StonkBroker, the leading NFT on the Robinhood chain, once surpassed 13 ETH (about $25,000), but now it remains at 11.75 ETH. Judging from the price of a single NFT, this series has surpassed BAYC, and its total market value once surpassed 100 million US dollars, surpassing many old blue-chip NFTs such as Pudgy Penguins and Milady.
Are NFTs really revived on the Robinhood chain? How can I quickly get started on this track that has been forgotten by everyone for a long time?
Meme Coin/NFTs
Meme coins are played with an NFT series, which is the first Robinhood NFT project category worth mentioning in this article. In addition to CashCat, $HOODRAT also launched a supporting NFT series, and this one is directly created by the meme coin project, so there's no need to worry about whether the community will recognize it or not. However, $HOODRAT's current market value is only about 3 million US dollars, making it difficult for NFTs to rise anywhere.
We mentioned Cash Cat NFTs at the beginning of the article. Although this NFT series doesn't come from the official Cash Cat meme coin, after Vlad tweeted, it had 3 logics that left room for imagination in the short term:
- Currently, the market value of $CASHCAT is around US$1.5-160 million. Based on the highest floor price of US$660 over the past few days, the corresponding market value of the entire NFT series is only US$6.6 million. If the price of $CASHCAT can continue to be stable, even break through new highs, and continue to rise, then the price of NFTs will become more and more cost-effective
- What if Vlad swapped his X avatar for a Cash Cat NFT?
- Although it is not a part of the $CASHCAT project, there are not a few examples of successful meme coins that are not from the original project. The most typical one is $SPX6900/AEON. AEON has reached a maximum market value of about 25 million US dollars, corresponding to a single floor price of about 7,500 US dollars
After a short period of FOMO, the floor price of Cash Cat NFTs has dropped back to around $375, which is a normal correction. It will still be a key NFT series in the Robinhood chain, but the height depends on the height of $CASHCAT and whether it can be widely recognized by the $CASHCAT community.
Therefore, this type of project should be tracked from two aspects:
- Coins that have risen well and have the image of a meme. Recently, for example, $hmm on Pons has suddenly skyrocketed quite a bit. If the future can withstand the current sharp pullback, NFTs will also be picked up, but it's hard to say which series
- Related meme coin NFTs that have already been led by the meme coin project party, or have run out of price, follow the price trend of the meme coin itself and observe whether the corresponding NFTs are appropriate
StonkBroker series
Currently, the top 3 NFT series with the highest floor price are all “StonkBroker series”.
The market value of StonkBroker's coin itself is very high. It is the logic of a cryptocurrency flywheel. For details, please refer to our recent article analysis on Blockchain Beats:
“Is StonkBroker unquestionably Robinhood Chaindragon 2?”
Chain Mancers and Yardkeepers call them the “StonkBroker series” because of 3 characteristics:
- Both have left StonkBroker's Anvil NFT AMM. Both of these NFT series are a combination of coins
- None of them are just images. Chain Mancers said they want to do DEX, Yardkeeper said they want to be the best cross-chain route focusing on RWA assets, holding their NFTs can play a role in the agreement, or simply say that they can share the money
- The reason StonkBroker will mark them as Special Project is because they all have some agreements to return revenue to the StonkBroker ecosystem
To put it more simply, the above 3 points are the story that they all claim to do actual projects, they all have StonkBroker cooperative level endorsements, a combination of coins that they all play with, and that NFTs can pay dividends. Well, based on these 3 points, the current hype actually has nothing to do with the downfall or revenue situation; everyone just uses StonkBroker's ecosystem to carry out the hype.
So when it comes to the current price, the odds are on everyone's mind. As to whether this kind of opportunity can be tapped early? Yes, pay more attention to StonkBroker's official X and community to see what they are discussing. Also, there were costs in the early days. Chain Mancer was to burn designated tokens and NFTs in exchange for white orders. Yardkeepers sold all the Anvil NFT AMM to the public, that is, throw all the tokens in the pool, and you have to buy coins for NFTs if you want. This situation is equivalent to a public sale, and it is difficult to avoid early snipers entering at low cost.
The elderly start a business again
Pudgy Penguins co-founder Cole Villemain was removed from office by the project's holders in January 2022. In the early hours of this Tuesday morning, his 44,444 NFT series Spritehood, which he launched on the Robinhood chain, sold out in less than an hour. According to on-chain transaction statistics, the revenue from the NFT minting this time was around $1.28 million.
The Saudis, an old Saudi-themed project in 2022. When it was brilliant, it cost more than $2,000, and then it's basically under $200 since 2024. It's been “dead” for a long time. When it comes to launching new projects on the Robinhood chain, the maximum increase is 3 times, suddenly going from $100 to $440.
In addition to the two projects mentioned above, there are also quite a few elderly people and old projects that are already preparing to get money from Robinhood. Examples include Pizza Ninja, meme artist @boldleonidas, etc. who were previously in the first echelon of the Bitcoin ecosystem. The Chain Mancers and Yardkeepers mentioned earlier are not new developers; they are all old faces.
My opinion is that if the minting price is right, then with the current interest in NFT assets on the Robinhood chain, it is possible for the elderly to come and play with the new one. The traffic from the old people themselves and the original support of the old project community made the project supported at the beginning.
However, there are probably many times when you read the information. Old projects have already risen because everyone has gone to grab white orders. At this time, it's hard to say whether the odds are still right or not. This type of project is also likely to pull NFTs back to that critical whitelist situation.
epilogue
Finally, it's important to note that if you're a player who hasn't played with NFTs before, you should be aware that the liquidity of NFTs is incomparable to meme coins. Most likely, the price of the floor is very cheap. Sweep away the pile. When you finally want to sell the floor, the price of hanging the floor was not easy to buy, and it was very slippery when receiving an offer.
Because of this, it is difficult to buy an asset such as an NFT for a few thousand dollars or a larger position in the early stages like meme coins, especially those NFT series with a total supply of less than 10,000.
Overall, Robinhood NFTs have been getting a lot of attention recently, but so far they haven't escaped that kind of market attention. StonkBroker is calculated, but its coin has received much more attention than the chart. If we want to reach a conclusion on the claim that the Robinhood chain has had a wave of the NFT market, I think we need to look further. At least we need to see more attention events driving the market, or see that a project other than the combination of coins and gameplay (pure NFTs) can reach a higher level.
Twitter:https://twitter.com/BitpushNewsCN
Compare the TG exchange group:https://t.me/BitPushCommunity
Compare TG subscriptions:https://t.me/bitpush
