How Much Would You Have Now If You Invested $1000 In NFTs - Crypto Breakdown March 3, 2022
5m | Mar 3, 2022Episode Summary:
In this episode of the Crypto Breakdown, I talk about some blue chip NFT projects and how much you would have made if you would have invested $1,000 near the mint.
Released October 2021 and the mint price was 0.123 ETH ($500)
Current floor price 10.3 ETH ($30,000)
Released November 2021 and the mint price was 0.05 ETH ($215)
Current floor price 12.5 ETH ($36,000)
Released April 2021 and the mint price was 0.08 ETH ($192)
Current floor price 83 ETH ($242,000)
Released August 2020 and the mint price was free airdropped to owners of BAYC.
Current floor price 17 ETH ($49,000)
Released June 2017 and the mint price was free to claim with an ETH wallet.
Current floor price 68 ETH ($178,000)
Hosts:
Joe Dewitt Follow at: https://twitter.com/metabitz
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Questions? Ask at joedewitt@benzinga.com and we will answer!
Unedited Transcript:
Hey everybody. Happy Thursday. My name is Joe Dewitt and this is the crypto breakdown. And today we're going to be talking about some blue chip NFT projects and how much you would have made if you would have invested $1,000 near the mint. Now, first off we have doodle. Which released and October of 2021 and the mint price was 0.1, two, three, Ethereum at the time equaling about 500 us dollars.
And now the floor price for the project is 10.3 Ethereum, which equates to a $30,000. So with that $500 mint price there is a solid at $29,500 profit, which is absolutely amazing. Now looking at the clone X collection with Takashi Murakami that launched in November of 2021 and the mint price for those were 0.05 Eth which was $215.
And now the floor price is 12.5. Curium equaling about $36,000, which is significantly more than the doodles about a good $6,000. Now, these are just absolutely ridiculous gains. And they're only going to get crazier now taking a look at one of the most popular, if not the most popular collection outright now bored APe yacht club.
Now they launched their collection in April of 2021 and the mint price was 0.08. At the time that was under $200, about $192. Now the current floor price for these board aids is 83, Ethereum equaling, just under $250,000, about $242,000. I can't even imagine that 200 to $300 turn to a quarter of a million.
That's absolutely ridiculous. And to make it even more ridiculous board API club holders were airdropped to the mutant apes in August of 2020. And so essentially those were pretty much free. And now the floor price is 17 Ethereum for $49,000. Now mute names did see now mute names did see a slow increase in price action.
So if you were to invest in one, I'm close to its initial airdrop and you would invest it a thousand dollars, you would still be profiting a $48,000, which is absolutely. And now we're going to take a look at the oldest NMT collection, which would be crypto punks, those launched way back in June of 2017.
And those were actually free to claim any person with Ethereum wallet was able to claim I'm a crypto punk for. And now the current floor is 68, Ethereum equaling $178,000. And that is not even the all time high. I know crypto punk saw high of close to $300,000, which is absolutely insane for something that was essentially given to users for free.
Now, these are just a few examples of how ridiculous some of the profits can be in the NFT space, but it's important to keep in mind that not all projects behave this way. There are so many projects out right now, and there's only more being created every single day. So it's really important to do your own research and not just buy a NFTE project because you think that it is going to blow up.
Definitely look into the development team, how much support they have, how many people are in their discord. And although. If a project seems like it has all the qualifying parts to run a blue-chip or I want to say qualifying parts to blow up like a blue chip NFT project. Would you still have to take it with a grain of salt?
Probably let the project gain a little bit of momentum first as a lot of the go down to zero. And that's all the time we have for today, guys. Thank you so much for tuning in. You can follow, subscribe to the podcast, which will all be prescription. Have a great day
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