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DappRadar's Picks: Ten NFT Projects That Will Weather Bull and Bear Markets

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DappRadar

After the bear market in the crypto space, NFTs, which failed to break out into an independent market, were also affected. When calculated in US dollars, the volatility of NFTs is even higher than the nominal drop in ETH prices. Even if the floor price remains unchanged, it still has to bear the discount brought by ETH. However, data platform DappRadar has compiled a list of ten NFT projects that are believed not only to withstand the bear market but also to thrive in the future.

This article is not investment advice. DappRadar also promoted its own NFT data platform, "NFT Explorer", but its functionality differs from other dedicated NFT data platforms.

Note: DappRadar did not specify the ranking criteria, and due to the scarce liquidity of NFTs, market value can only be used as a reference.

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1. Meebits

Like many projects released by Larva Labs, Meebits has been one of the popular projects, with its marketing strategy considered one of the reasons for its success by DappRadar.

  • Market Cap: $121 million
  • Floor Price: 4.94 ETH
  • Weekly Transactions: 419
  • Weekly Volume: $44 million

The founder of Yuga Labs, who previously acquired Meebits, mentioned that a significant amount of time is being spent planning Meebits-related applications.

2. CryptoPunks

Another notable work by Larva Labs, CryptoPunks has maintained a high unit price since the NFT bull market, and DappRadar believes it will continue to hold a certain market share.

  • Market Cap: $820 million
  • Floor Price: 66.73 ETH
  • Weekly Transactions: 102
  • Weekly Volume: $10.75 million

3. Bored Ape Yacht Club

As one of the most famous and powerful NFT projects, Bored Ape Yacht Club (BAYC) may continue to advance even in a bear market if people believe in the future of digitalization, according to DappRadar.

  • Market Cap: $1.11 billion
  • Floor Price: 89.99 ETH
  • Weekly Transactions: 164
  • Weekly Volume: $11.71 million

4. Terraforms by Mathcastles

Unrelated to the Terra collapse, Terraforms is a large 3D land generation artwork consisting of 11,000 smaller pieces of art, with each NFT representing a piece of land.

  • Market Cap: $8.02 million
  • Floor Price: 0.657 ETH
  • Weekly Transactions: 126
  • Weekly Volume: $24.59 million

5. Doodles

Created by Canadian designer Scott Martin, Doodles feature hand-drawn visual characteristics. The official announcement of "Doodles 2" was made at NFT.NYC, and it received funding from 776 Foundation in the first round.

  • Market Cap: $153 million
  • Floor Price: 12.44 ETH
  • Weekly Transactions: 384
  • Weekly Volume: $6.8 million

6. Clone X

The total supply of 20,000 hasn't affected Clone X's price, perhaps partly due to the high base price of 10 ETH for the blind box. Despite the challenging market, investors still consider Clone X a blue-chip project and attempt to acquire it in the downturn.

  • Market Cap: $223 million
  • Floor Price: 10.57 ETH
  • Weekly Transactions: 171
  • Weekly Volume: $5.58 million

7. CyberBrokers

With a total of 10,001 units and no public sale, CyberBrokers was fully issued to the internal community in March this year. It is a fully on-chain NFT project where even the SVG files are stored on Ethereum.

  • Market Cap: $65.9 million
  • Floor Price: 2 ETH
  • Weekly Transactions: 45
  • Weekly Volume: $170,000

8. Art Blocks Curated

Art Blocks, a top-tier Generative Art platform, has three different sections: Curated, Playground, and Factory. "Curated" represents more orthodox art pieces crafted by the official team and released by renowned artists, including the Findenza series by Tyler Hobbs.

  • Market Cap: $18.7 million
  • Floor Price: 1.42 ETH
  • Weekly Transactions: 113
  • Weekly Volume: $250,000

9. Azuki

The anonymous founder ZAGABOND previously revealed developing several abandoned NFT projects. Despite the crypto community thinking Azuki has reached its end, secondary market data shows that trading remains active.

  • Market Cap: $133 million
  • Floor Price: 10.85 ETH
  • Weekly Transactions: 221
  • Weekly Volume: $3.24 million

10. Autoglyphs

Also released by the renowned publisher Larva Labs, Autoglyphs are generative art collectibles. The creation of 512 Autoglyphs generators was automatically closed, which may have led to the high unit price of Autoglyphs. All transaction royalties are donated to the charity 350.org.

  • Market Cap: $107 million
  • Floor Price: 188.47 ETH

DappRadar emphasizes that it cannot accurately assess the future of each NFT project, but the mentioned projects have shown promise in the market downturn and have performed well within a reasonable time frame, keeping the community lively.