OTHERDEED DETHRONED WHILE ALPINE FI TOPS FANS TOKEN

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Otherdeed loses its superior position as Alpine F1 tops Fan Tokens

Otherdeed lost its superior position in the last 24 hours to NFTs from the Art Block collection, while Alpine F1 maintains its lead in the fan token category.

Today’s market took a different twist as NFTs from the Art Block collection overtook the much-performing Otherdeed. The collection by Yuga Labs has been a major stay for the past few market days. A peep into the collection saw it doing over 244% in the past 24 hours with about 292 sales made out of a total of 678 transactions.

A cursory look at what may have led to that points to a surging belief in the Ethereum blockchain as. Ethereum maintained a steady rise gaining a net positive of 7.8% to cross the $1,200 mark in the past 24 hours. The Art block had one of its major sales as an NFT CryptoVenetian #401 sold for $1,216.15 about 1 ETH. This alone may have spiraled the Art block above the Otherdeed per performance, despite Otherdeed leading for a while now.

However, in what may have been a great market day performance for the Art Block, a shadow performance was seen of the Bored Ape Yacht Club. Despite staying at the top, it recorded a 4% drop in market performance, recording 23 transactions for the day. Which is above yesterday’s 20 transactions.

ALPINE F1 TOPS FANS TOKEN, AS FANS TOKEN STAYS AHEAD OF NFTs on the GLOBAL INDEXES BY SALES VOLUME

In other news, Fans token still stayed ahead of NFT collections, despite dropping by 13% in sales in the market. Doing about $56.8 million in total sales, the Fans token still stayed ahead of the NFT sales in total. With the NFT sales recording a 9.44% increase and $19 million in total sales, out of 169,366 sales made.

In this category of Fans token where the ranking is based on market capitalization, Alpine F1, a token for the Formula 1 team maintained and stayed clearly ahead of other sports teams, with a market capitalization of $27.7 million ahead of French champions Paris Saint-Germain ranked second despite having more sales volume but at a market capitalization of $19.5 million.

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