Azuki Price Floor Rises- What Next?

Source: www.azuki.com

Azuki is a collection of 10,000 avatars that grant their holders membership access to The Garden, a corner of the internet where art, community, and culture fuse to create magic. Azuki starts with NFT drops, exclusive streetwear, live events, and other stuff set to be revealed over time. These can only be accessed by Azuki NFT holders.

Azuki Price Floor and Sales Data

 The current price floor of Azuki is 10.1939 ETH with a 24-hour trading volume of 441.59 ETH. The Azuki NFTs have been sold 38 times in the last 24 hours. The price floor of Azuki has risen by 5.09% in the last 24 hours.

Source: nftpricefloor.com

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The NFT project has a 7D average sale price of 10.864 ETH and a 7D highest sale price of 39.00 ETH. The project’s lowest 7D sale price is 8.50 ETH. Azuki is currently ranked #10 in terms of the NFT price floor with a floor cap of 101,939 ETH. The NFT project has a maximum supply of 10,000 tokens with a listed ratio of 7.06%. The Azuki NFT project was released on 12-1-2021.

Each Azuki NFT represents a hand-drawn piece of artwork, each with 12 traits namely background, ears, eyes, clothing, face, hair, special, mouth, neck, headgear, offhand, and type. It is worth noting that Azuki is more than just an NFT. It is an NFT ecosystem that comprises many NFTs like gates, skateboards, masks, and beans.

The project was created by a Los Angeles startup named Chiru Labs to develop a decentralized ecosystem. The team is led by Zagabonds.

Azuki offers unique artwork and follows a brand-forward approach, which helped it to overtake the famous Bored Ape Yacht Club (BAYC) NFTs to become the highest-selling NFT project for some time. The Azuki NFT developers later created 3D avatars for each NFT to be used in interaction with other Metaverse projects like the Sandbox and Decentraland.

The Azuki NFT project started to gain followers and establish a strong base soon after joining the NFT industry. After the end of the public sale and before the project was listed on OpenSea, the price floor of the NFT had reached 9 ETH. At the beginning of April 2022, the Azuki NFT saw a parabolic rise in price to 25 ETH.

However, the start of the crypto bear market created selling pressure, plunging the price of the NFT to its all-time low of about 0.15 ETH. The floor price of the NFT bounced soon, and the project managed to accumulate 10 ETH. After some time, the price of the NFT plunged to 6 ETH.

Azuki has managed to stay afloat even during the crypto bear market, which can be attributed to its utility as well as brand power. The project has also gained the attention of the top NFT enthusiasts.

By darnell
November 28, 2022