Despite the recent general crypto market turmoil, non-fungible tokens continue gaining traction among investors, with many investors now seeding on NFTs that have showcased strong market resilience amid the bear market. The NFT market slump started in mid-June and has left the majority of NFTs shielding over 50% of their floor price.
Why is this the only thing I ever see going up? pic.twitter.com/4ejfh7JHAt
— 𝔟𝔬𝔫𝔤𝔩𝔬 (@bonglo_eth) August 10, 2023
Sproto Gremlins NFTs Defy The Bear – Pump 14% In Volume
Sproto Gremlins is a perfect example of an NFT collection that perfectly navigates the recent bear market, emerging as one of the most traded NFTs. In the past 24 hours, the Sproto NFT collection has recorded a trading sales volume of 155 ETH, representing a 14.9% increase.
Source: CoinGecko.com, Sproto Gremlins trading activity
Launched in May 2023, Sproto Gremlins is an NFT collection from renowned digital artists Iam Nick and Juicy Unlimited. The NFT collection features a limited edition of 3,333 exclusive and unique manifestations of Harry Potter Obama Sonic 10inu’s egregore, hosted on the Ethereum network.
Harry Potter Obama Sonic 10 Inu is a fun crypto-asset that incentivizes the creation of novel and entertaining meme content. The crypto project aims at providing a setting where community members may communicate, work together, and spread CoinLore, ‘the history of the token’ to other crypto enthusiasts.
Harry Potter ObamaSonic 10 Inu has been growing rapidly in recent weeks, both in value and popularity. The ERC-20 token’s price at the time of writing is $0.1726, according to CoinMarketCap. Harry Potter Obama Sonic 10 Inu appears soaring alongside Sproto Gremlins NFTs. It has pumped 10%, attracting a trading sales volume of 24.75 million in the past 24 hours.
Source: CoinMarketCap.com, Harry Potter ObamaSonic 10 Inu trading activity
More Crypto Project To Invest Amid The Bear Market
Non-fungible tokens have slightly faded in popularity recently, with investors shifting focus to other digital assets like meme coins. In that context, $SONIK is one of the crypto projects showcasing a strong potential to generate huge returns in the long term.
$SONIK is the crypto meme token that’s as quick as lightning, promising to take investors and their investments from 0 to $100 million market cap faster than they expect. The crypto project features a team of crypto enthusiasts who believe in the power of memes and the thrill of the crypto market. The crypto project has already raised over 15,000 from its token presale.
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