2023.04.24

Crypto Punks

CLONE X and MoonBirds, which used to cost 20-30 ETH in their heyday, can now be bought for less than 3 ETH, and it is undeniable that the NFT market has crashed. The impression is that trading is active. This is probably because punks are traded on their own site instead of a market such as OpenSea, so there is no commission (gas fee is required). In general, other NFTs traded on OpenSea etc. generally charge a commission of 7.5-10% (system 5% + creator fee around 3%) for each transaction, so this difference is very large. If you look at it as a short-term investment, 8% commission is too expensive.

Nonetheless, Punks was also affected by the NFT recession, and the floor is currently below 50 ETH (BAYC is in the same situation). Moreover, even at the price near the floor, items with high rarity are traded at prices that were unthinkable in the past. Of course there are risks to buying now, but there are still opportunities. The items for sale near the floor are like this.

screenshot 2023-04-24 15.20.33

 

Let's take a look at some of the hottest deals in the market these days.

Popular hoodies used to cost at least 300 ETH, but now they are sold at 183 ETH. Moreover, since it is this price with sunglasses + cigarettes, there is a possibility that it will drop more than 100 ETH if the market recovers.screenshot 2023-04-24 15.46.19

 

This VR is also sold at a fairly cheap price of 64ETH. The market price for VR was at least 100E, so I think this is a property that can be expected if it is laid down. There are many cases where the combination with the face of the base does not suit VR, but this individual feels quite good there.Screenshot 2023-04-24 15.41.47

 

This Pilot Helmet (commonly known as Nausicaa) is a super rare attribute with only 54 bodies. It used to be a minimum of 200 ETH, but this was also established at 99E. This individual was particularly cheap, but if you put out 120E, you can buy it normally. The understatement that is so rare that you can't tell it's cryptopunk is also attractive.Screenshot 2023-04-24 15.48.46

 

This individual was also talked about because of its low price, but despite the combination of "3D Glass + White Hair", which is a very valuable combination of attributes, it has broken 99 ETH and 100.screenshot 2023-04-24 15.44.20

 

 

215 ETH for this VR hoodie is surprisingly cheap even in recent times. Depending on the future situation, if the market recovers, it may be an individual that can aim for 350 ETH. However, in the case of a hoodie, if there are too many attributes, the design will look complicated and the impression of simplicity will be lost.Screenshot 2023-04-24 15.51.43

 

 

Overall, I think Punks would be a perfect time to drop a little more for those who genuinely like it. If you wait too long, the price of Ethereum itself will rise, so it is difficult to see.

 

 

Keywords:
Others ( Art )