NFT
NFT, which stands for Non-Fungible Token, is a technical term for information that cannot be replicated outside of a blockchain. As a result of their inclusion in the blockchain and legitimate authenticity, NFTs have a significant impact on the collector market. Data from a recent report revealed that monthly volumes reached an eight-month high above $1 billion on January 23. The cumulative nonfungible token (NFT) trading volume trended higher on January 23.
The NFT industry is still very young, despite how often we hear the term mentioned. Many of these top NFT tokens may be worthwhile to add to your cryptocurrency watchlist. However, given the variety of non-collectible applications for NFTs.
Here are the top 5 NFT tokens to watch out for this weekend
1. ApeCoin (APE)
ApeCoin (APE) is a cryptocurrency designed to aid in the development of a decentralized web3, based on one of the most well-known and valuable NFT collections: the Bored Ape Yacht Club. APE is an Ethereum blockchain-based, fungible ERC-20 token.
Source: Coinmarketcap
ApeCoin’s price at the time of writing is $5.61, with a market capitalization of $ 2.06 B and a 24-hour trading volume down by 18.44%. Now it stands at $105 million. At the same time, the circulating supply is approximately 368,593,750 APE as per the crypto market tracker CoinMarketCap.
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2. Internet Computer (ICP)
A blockchain called the Internet Computer makes it possible for programmers, businesses, and entrepreneurs to create and deploy secure, autonomous, and tamper-proof canisters. The Internet Computer is the only blockchain that stores assets as well as all other parts of an NFT on the blockchain.
Internet Computer’s price at the time of writing is $7.15, with a market capitalization of $ 2.07 B and a 24-hour trading volume down by 65.84%. Now it stands at $85 million. At the same time, the circulating supply is approximately 289,863,803 ICP as per the crypto market tracker CoinMarketCap.
3. Decentraland (MANA)
Decentraland (MANA) is a decentralized cryptocurrency that allows users to buy, develop, and trade virtual land. Users can purchase land parcels that last year’s NFT craze sold for as much as $100,000 USD. The game’s NFT marketplace allows players to sell almost anything they create.
Source: Coinmarketcap
Decentraland’s price at the time of writing is $0.7127, with a market capitalization of $ 1.32 B and a 24-hour trading volume down by 47.82%. Now it stands at $83.4 million. At the same time, the circulating supply is approximately 1,855,084,192 MANA as per the crypto market tracker CoinMarketCap.
Also Read: What Is Minecraft Game? Is Minecraft Okay For Kids?
4. Flow (FLOW)
Dapper Labs, the company behind collectibles such as NBA Top Shots and CryptoKitties, created Flow. The popularity of CryptoKitties clogged the Ethereum network, making it impossible to purchase these NFTs.
Source: Coinmarketcap
Flow’s price at the time of writing is $1.31, with a market capitalization of $ 1.35 B and a 24-hour trading volume up by 41.78%. Now it stands at $129 million. At the same time, the circulating supply is approximately 1,036,200,000 FLOW as per the crypto market tracker CoinMarketCap.
5. Axie Infinity (AXS)
Axie Infinity rose to prominence as one of the first major GameFi titles to allow players to earn a living by playing the game. The game itself is a cover for the staking and liquidity aspects of DeFi, or decentralized finance. The actual game involves players collecting, breeding, and trading NFT-like creatures known as Axies.
Axie Infinity’s price at the time of writing is $10.83, with a market capitalization of $ 1.2 B and a 24-hour trading volume down by 36%. Now it stands at $89.6 million. At the same time, the circulating supply is approximately 111,752,500 AXS as per the crypto market tracker CoinMarketCap.
Disclaimer: This is not investment advice. Please do your due diligence before investing in any asset.
