Issue #6: NFT projects hand-picked by Trait Sniper (April 18th - April 24th)
Weekly evaluation of Trait Sniper about upcoming NFT projects highlight
In last week's Issue #5 we saw the trade volume of the NFTs market go down significantly after the bullish trend earlier this month. But despite that, the volume of NFTs still reach the highest in April. This can only mean 1 thing: THE INVESTORS ARE SAVING THEIR LIQUIDITY FOR BIG PROJECTS!
And because of that, we think next week's NFTs market status should be very positive because more and more big projects are likely to set up those important days for minting and revealing.
Remember, it’s important to do your own research before investing in non-fungible tokens. These projects can be hard to be evaluated, and many NFTs are illiquid, meaning you may have a hard time selling your collectible in the future. Just because something is an NFT doesn’t make it valuable; there need to be utilities of some sort to make a collection valuable. This could be access to events, discord groups, or simply art with established clout in the NFT ecosystem. Undoubtedly, many NFT projects will fail, leaving investors with a worthless JPEG.
This week we also rather evaluate projects in form of a checklist because we don't have to evaluate something that is obvious to have in any projects (core team, social media, road map, artwork, utility,...). We will give the projects some compliments on what is exceptionally special about them. Let’s take a sneak peek at this week's Issue #6 projects.
1. TrapMonkie🦍™
About: “TrapMonkie is an NFT collection of monkeys (monkies) with a unique style to it's respective creative. Our first series features over 50 artists from around the world! Every Tuesday, at no specific time, a new TrapMonkie will be created, (with a supply cap of 50 per series). Each TrapMonkie created is a 1 of 1, meaning there will never be any duplicates created! The biggest collab collection out anywhere! There will be 100 TrapMonkies by 100 creatives, making each unique to it's creator. We'll be dropping 5 TrapMonkies every Tuesday. We're calling it #TrapTuesdays. Collect yours!”
Official link:
Presale date: April 20th, 2022
Total supply: 8.888 NFTs
Presale price: 0.08 ETH
Trait Sniper’s evaluation:
Checklist: Fully-doxxed team, clear roadmap, creative-based community, artistic artwork, decent utility.
TrapMonkie is one of the NFTs brands that we found really creative and art-based to develop their community and reach their NFTs out to new investors. Another plus point for TrapMonkie compare to other projects is that their utility is almost come out from the paper as they mentioned in their roadmap; For example, some of the holders have received the TrapMonkie’s merge. In conclusion, we think you should definitely check this project out!
2. Vulpes
About: “No, they are no ordinary foxes, but true foxes such as magical kitsunes in the Japanese folklore.
Vulpes is more than an NFT collection. The artwork is merely a manifestation of the idea. We're all annoyed by one-off NFT art projects, which holders can barely benefit from. Inspired by kitsunes, the wise and faithful guardians with magical power, Vulpes aims to build a system to reward holders and also help those who are starting their own NFT projects.
We have helped clients to create 3D Models or animations, including Anime Festival for Optics Valley, Sparkey Studio, Beijin Rocen Digital Technology Co., Chengdu Chocolate Cartoon Co., HMCH, TiMi Studio, HangZhou Netease LeiHuo Technology Co.”
Official link:
Presale date: April 22nd, 2022
Public sales date: April 23nd, 2022
Total supply: 5.000 NFTs
Presale price: 0.1 ETH
Public sales price: 0.16 ETH
Trait Sniper’s evaluation:
Checklist: semi-doxxed team, simple roadmap, quite strong community, 3D artwork, decent utility.
What impresses us about Vulpes is their utility when trying to become an incubator for other NFTs projects, and we think this is somewhat achievable because of their background in 3D Models and animations. Vulpes is one of those projects that have been launched for a while to start developing their community and reach out to many partnerships. We think this is a good time for Vulpes to prove their worth because of how many big projects are minting at the end of April.
WEEKLY HIGHLIGHTS
And here is our weekly highlight section. In this issue, we will focus on the ETH price movement as well as some exciting things in the last week.
And to start this week's highlights, we'll talk about the ETH price movement in the past week. As mentioned in Issued#5, we expected that the ETH price would consolidate at the 3200 price zone, however, the market has proven that not all of our predictions come true (at the time of writing), the ETH price is fluctuating at 3000 USD/E). It was the sharp correction of the ETH price that partly affected the NFT market performance in the last week. According to the DappRadar, the OpenSea platform has witnessed a decline in the Volume trade (-8%), Transactions (-5,6%), and Unique wallet addresses (-2%).
Pic 1: OpenSea’s Status (19 Mar - 17 Apr)
Although the market has not been in good shape this past week, Anime-based projects are still doing very well. Last week, Azuki still maintained the floor price at 26E. Haki and Hikari had successfully sold out in the last week, however, the floor price decreased dramatically after those projects were revealed. Currently, those prices were at 0.099E (2.4K E trading volume) and 0.16E (2.1K E trading volume), respectively.
Pic 2: HAKI and Hikari status (17 Apr)
Supreme Skulls project, which is a 3D animated, managed to fully distribute to the community in the last week. Even though the floor price is slightly below the mint price at the writing time, we still hope that the project will find a way to boost that up. At the end of April, Imaginary Ones, which is known as a huge 3D animated project, will be minted, we hope that can somehow bring the 3D animated trend back to the game.
The superstar of the last week was Moonbird as a pfp NFT for the Proof group. A quick reminder about the Proof group, in the NFT community, Proof is one of the alpha groups that has gathered a lot of Whales and people who are enthusiastic about digital art. The Proof's Pass has done something amazing that the price went from 2E to 90E (ATH) in the last 4 months. It has just shown how strong their group is. Back to Moonbird NFT, which was anticipated as the next blue-chip NFT because of the high mint price (2.5E), Moonbird performed extremely well at the launching date. Their volume trade reach roughly 41K E on the OpenSea with an average floor price was 12E at the writing time. Pic 1 has illustrated the change in the direction of volume trade on Opensea, which from 40M to nearly 160M. In the future, when they give more utility for their Moonbird NFT and other projects considered the collection as collateral we do not know how far could the price go. You could find more about the trait and price at our website: proof-moonbirds.
We will launch our NFT pass at the end of this month and with good support from the community and the valuable products that we have built, we hope that we could in one way or another become the next big thing in the NFT market.
Read our previous blogs on how to find a good project.
Join our Discord and visit our app - the leading NFT platform to get all the details about secret upcoming NFT projects. Get regular updates and event alerts before the new upcoming NFT project launch.
DISCLAIMER: This is NOT FINANCIAL ADVICE; we only evaluate NFT projects based on the data given by the community and based on our perspective to help collectors and snipers find the best suitable projects to jump in. Remember to do your own research!