A Tripling Triumph in the Secondary Market
In an unprecedented surge, the Quantum Cats NFT collection has witnessed a meteoric rise in value, a mere 48 hours after its initial launch. The collection, introduced by Taproot Wizards, has raised a staggering $12 million from its initial sales, with the value tripling on secondary markets.
Bitcoin-Centric NFTs on the Rise
According to Magic Eden, a total of 257.6658 BTC, equivalent to roughly $11.1 million, has been traded for Quantum Cats NFTs since their secondary market introduction. Okx Bitcoin inscriptions trading platform reported a slightly lower figure, with 245.3061 BTC, or about $10.57 million, in transactions for the same collection.
Quantum Cats: The Feline Phenomenon
The minimum price for a Quantum Cats NFT on Magic Eden is listed at 0.303 BTC ($13,062), while Okx reports a minimum of 0.338 BTC ($14,571) per collectible. Of the 3,333 NFTs in the collection, 533 are currently available on Magic Eden, and a mere 28 are listed on Okx. Quantum Cats, held by 2,720 unique holders, is the leading NFT series on both platforms.
Bitcoin vs Ethereum: The NFT Race
Bitcoin-centric NFT sales are second only to Ethereum in the market, with $64,615,064 in sales over the past week compared to Ethereum’s $100,712,013. Despite stiff competition from other Bitcoin inscription series like Bitcoin Punks and Ordinal Maxi Biz, Quantum Cats are making a significant impact. A Bitcoin Punk fetched a price of $169,266 five days ago, marking the most expensive Ordinal inscription sold in the last week.
In conclusion, the Quantum Cats NFT collection has not just gained popularity but has also significantly boosted the Bitcoin-centric NFT market. With this, Taproot Wizards have proven their mettle yet again, establishing their dominance in the NFT space.
