Research Summary
This report provides an analysis of the most popular Non-Fungible Tokens (NFTs) based on user watchlists on CoinGecko. The study reveals that Nakamigos is the most watched NFT, followed by Bored Ape Yacht Club (BAYC) and CyberKongz. The report also highlights the dominance of Ethereum NFTs, the resilience of 2021 NFTs, and the emerging popularity of 2023 NFTs.
Key Takeaways
Most Popular NFTs
- Nakamigos Dominance: Nakamigos is the most popular NFT on CoinGecko, with 1,234 users adding it to their watchlists. This indicates a high level of investor interest in this relatively new collection.
- Bored Ape Yacht Club (BAYC) Popularity: BAYC, a collection by Yuga Labs, is the second most popular NFT, appearing on 1,076 user watchlists. Other popular NFTs include CyberKongz and bitmap.
- Pixelmon’s Resurgence: Among NFTs launched in 2022, Pixelmon has emerged as the most popular after its revival, appearing on 786 user watchlists.
Yearly Trends in NFT Popularity
- Resilience of 2021 NFTs: NFTs minted in 2021 continue to dominate in popularity, accounting for 12 of the 30 most popular NFTs on CoinGecko. These NFTs have shown strong resilience in both their brand and community.
- Emergence of 2023 NFTs: NFTs minted in 2023 account for 9 of the 30 most popular NFTs, slightly surpassing 2022 NFTs which account for 8 of the top 30. This suggests a more positive outlook for 2023 NFTs.
Blockchain Platforms and NFT Popularity
- Ethereum’s Dominance: Despite the diversification of NFTs across different blockchain platforms, Ethereum NFTs still dominate, making up 24 of the top 30 rankings.
- Solana and Bitcoin Ordinals NFTs: Only 4 Solana NFTs and 2 Bitcoin Ordinals NFTs rank in the 30 most popular collections on CoinGecko. The most popular Solana NFTs were launched either this year or in 2021.
Actionable Insights
- Monitor Emerging NFTs: Given the rising popularity of new NFT collections like Nakamigos and Pixelmon, it may be beneficial to keep an eye on emerging NFTs.
- Investigate the Potential of 2023 NFTs: With 2023 NFTs showing a promising start, it could be worthwhile to explore these collections further.
- Consider the Dominance of Ethereum NFTs: The continued dominance of Ethereum NFTs suggests that this platform may still offer significant opportunities for NFT collectors and investors.
