Navigating the NFT Gold Rush: Coingecko Uncovers Strategies of Top 15 Profitable Traders
In its latest analysis, Coingecko reveals the strategies employed by the top 15 profitable traders in the NFT market. These traders have collectively earned over $300 million, with individual earnings ranging from $3.3 million to $101.6 million.
Key Points:
- The top NFT traders have focused on blue chip collections, with Larva Labs’ Cryptopunks contributing to 70.6% of total profits for the top 15.
- Art Blocks’ generative art and Bored Ape Yacht Club also played significant roles, accounting for 12.2% and 5.5% of total profits, respectively.
- The trader named “Seths” leads the pack with $101.6 million in realized gains, followed by “Punks OTC” and “Mr.703” with profits of around $29 million and $27 million.
- 11 out of the top 15 earners made their millions primarily from Cryptopunks, while others focused on Art Blocks.
- The report emphasizes the importance of early investments in the right collections, and advises average traders to diversify to avoid missing out on opportunities.
Read Coingecko’s full NFT report here.
Hot Take:
The NFT market has proven to be a lucrative space for those who made early and informed investments in blue chip collections. While it may seem tempting to jump on the bandwagon, it is crucial for average traders to carefully analyze and diversify their portfolios to increase their chances of success. The potential for explosive growth exists, but it requires astute identification of the right collections.
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