Quantum Cats NFTs Gain Value in the Secondary Market
Since its launch, the Quantum Cats non-fungible token (NFT) series has experienced significant trading volume and a rise in minimum value. Initially priced at 0.1 bitcoin, the lowest value for a Quantum Cat NFT has now increased to around 0.303 bitcoin or $13,062.
Surge in Trading Volume and Value
Following its launch, Quantum Cats generated over $12 million in initial sales. The NFTs are now being traded at prices well above the original 0.1 BTC cost. According to figures from Magic Eden, a total of 257.6658 BTC, equivalent to $11.1 million, has been transacted for Quantum Cats on the secondary market. On the Okx Bitcoin inscriptions trading platform, the Ordinals series has recorded 245.3061 BTC or $10.57 million in transactions since its debut.
Quantum Cats’ Minimum Value Increase
The minimum value of the Quantum Cats collection, as listed by Magic Eden, is now 0.303 BTC or $13,062. On Okx, the minimum value is 0.338 BTC or $14,571 per NFT. This means that the lowest value of the NFTs has more than tripled since their initial listing.
Availability and Holders
Out of the 3,333 NFTs in the Quantum Cats collection, 533 are available on Magic Eden and only 28 are available on Okx’s inscriptions marketplace. With 2,720 distinct holders, the Quantum Cats series is currently the top-ranked NFT series on both platforms.
Competition and Comparison to Bitcoin Inscriptions
Bitcoin-centric NFT sales, while ranking second to Ethereum, are still significant. Quantum Cats face competition from established Bitcoin inscription series like Bitcoin Punks and Ordinal Maxi Biz. A recent sale of Bitcoin Punk #60 fetched $169,266, making it the most expensive Ordinal inscription sold in the past week.
Hot Take: Quantum Cats NFTs Gain Momentum in Secondary Market
The launch of Quantum Cats NFTs has proven successful, with significant trading volume and a rise in the collection’s minimum value. The NFTs, initially priced at 0.1 bitcoin, now command prices above 0.303 bitcoin or $13,062. This shows the growing demand and value in the secondary market for Quantum Cats NFTs. With top rankings on platforms like Magic Eden and Okx, Quantum Cats face competition from other Bitcoin inscription series but are still gaining traction and popularity among crypto enthusiasts.
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