From Nakamigos to Pixel Pioneers: Watchlists Become the New Popularity Contest in NFT Land

In the frenetic universe of non-fungible tokens (NFTs), where digital artworks trade hands like hot cakes, the question of which collections are leading the pack has a new yardstick—CoinGecko’s watchlist feature.

Topping the list is the Nakamigos collection, which has piqued the interest of 1,234 investors, marking its territory as the hottest NFT in town. While it’s a relatively recent collection, Nakamigos has stolen the limelight with people monitoring its price like a hawk.

Cruising closely behind is Yuga Labs’ Bored Ape Yacht Club (BAYC), on 1,076 user watchlists. CyberKongz and bitmap aren’t too far behind, scoring 867 and 851 watchlist saves respectively.

2022’s darling, Pixelmon, got a second wind this year and is now on 786 watchlists. In the evolving world of digital assets, it’s not just the legacy NFTs that hold sway. Out of the 30 most popular NFTs listed on CoinGecko, 30% are from 2023, slightly nudging past the 27% from 2022. It’s a subtle but encouraging sign that even as the market matures, fresh offerings are still capturing imaginations.

Even though newer NFTs have made their presence felt, the veterans minted in 2021 continue to dominate. These OGs account for 12 of the top 30, proving their durability in the volatile market.

While Ethereum continues to be the foundational platform for most NFTs—holding 24 out of the top 30 spots—the field is slowly diversifying. Four Solana NFTs and a pair of Bitcoin Ordinals have made their way into the most-watched lists. In the Solana universe, only GGSG: Galactic Geckos is in the top 10 with 722 watchlist saves, signaling that while Ethereum may still be king, other chains are slowly carving out their royal courts.

The fate of the so-called ‘blue-chip’ NFTs is another subplot in this unfolding drama. Of the 11 collections once considered safe bets, only eight made it into the top 30. The ones that missed the cut have seen their floor prices hit new lows in a year when the NFT market faced turbulence.

With just a few months left in 2023, this snapshot may evolve dramatically as newcomers enter the fray and older collections either reinvent themselves or fade into obscurity. So, whether you’re rooting for the underfrog, or you’re onboard the Ape Yacht, keep your eyes peeled; in the NFT world, the only constant is change.

While this article serves to highlight current trends, it’s crucial to conduct your own research when dealing in financial assets, including NFTs. For the full list and methodology, you can visit CoinGecko’s original study.

Subscribe

Related articles

Harvest Flow: Security-First NFT Lending at Sushi Tech Tokyo 2024

Apas Port, a dynamic Web3 production company based in...

GrinBean’s Smart Bins Turn Heads at Sushi Tech Tokyo 2024

GrinBean, an innovative leader in waste and recycling management,...

Bright Skills Sparks Innovation at Sushi Tech Tokyo 2024

Bright Skills Limited, an organization dedicated to youth empowerment...

Stable Yen in a Digital World: JPYC’s Expanding Horizons

JPYC, the Japanese Yen Coin, has marked a significant...

Supercharged Synergy: Musk’s xAI and Oracle Team Up for Grok

Elon Musk’s xAI has formed a groundbreaking partnership with...
Maria Irene
Maria Irenehttp://ledgerlife.io/
Maria Irene is a multi-faceted journalist with a focus on various domains including Cryptocurrency, NFTs, Real Estate, Energy, and Macroeconomics. With over a year of experience, she has produced an array of video content, news stories, and in-depth analyses. Her journalistic endeavours also involve a detailed exploration of the Australia-India partnership, pinpointing avenues for mutual collaboration. In addition to her work in journalism, Maria crafts easily digestible financial content for a specialised platform, demystifying complex economic theories for the layperson. She holds a strong belief that journalism should go beyond mere reporting; it should instigate meaningful discussions and effect change by spotlighting vital global issues. Committed to enriching public discourse, Maria aims to keep her audience not just well-informed, but also actively engaged across various platforms, encouraging them to partake in crucial global conversations.

LEAVE A REPLY

Please enter your comment!
Please enter your name here