Aug 24, 2022 11:10
NFT projects have showcased to be profitable for some of the biggest brands out there, including Nike, Gucci, Dolce & Gabbana, Adidas, and Tiffany, who together have gained $260 million worth of sales.
This is based on data from Dune Analytics, which was first reported by NFTGators.
Nike's NFT-related projects have made over $185M in revenue, positioning it as the biggest earning brand from NFTs.@DuneAnalytics dashboard by @nlevine19. pic.twitter.com/UDD90kz8Af
— NFTgators ?? (@NFTgators)
August 22, 2022On the secondary market, Nike’s NFTs are approaching a value of $1.3 billion. This has spiked an interest in the NFT sphere for new investors.
ApeCoin (APE/USD), Gala (GALA/USD), STEPN (GMT/USD), Axie Infinity (AXS/USD), and WAX (WAXP/USD) are some of the best non-fungible token (NFT) project tokens that you can get in August.
Should you buy ApeCoin (APE)?
On August 24, 2022, ApeCoin (APE) had a value of $5.431.
The all-time high of ApeCoin (APE) was on April 28, 2022, when it reached a value of $26.70.
Looking at its performance throughout the previous month, ApeCoin (APE) had its lowest point of value on July 13 at $4.2095. Its highest point was on July 31 at $7.1793.
Here we can see that it increased in value by $2.9698 or by 70%. With this in mind, investors might want to buy APE due to the fact that it can climb to $8 by the end of August.
Should you buy Gala (GALA)?
On August 24, 2022, Gala (GALA) had a value of $0.05507.
Going over its all-time high, Gala (GALA) was on November 26, 2021, when it reached a value of $0.824837.
Looking at how the token performed throughout the previous month, its lowest point was on July 13 at $0.04549. Its highest point was on July 31 at $0.06264. Here we can see an increase of $0.01715 or 37%.
With this in mind, investors might be interested in buying GALA as it can reach $0.08 by the end of August 2022.
Should you buy STEPN (GMT)?
On August 24, 2022, STEPN (GMT) had a value of $0.7893.
Looking at the cryptocurrency’s all-time high, STEPN (GMT) was on April 28, 2022, when it reached a value of $4.11.
When we take a look at its performance in June, Stepn (GMT) had its lowest point of value on July 2 at $0.773; however, the token’s highest point of value, however, was on July 19 at $1.1331.
This marked an increase of $0.3595 or 46%, and with this in mind, investors might want to buy GMT as it can reach $1.2 by the end of August.
Should you buy Axie Infinity (AXS)?
On August 24, 2022, Axie Infinity (AXS) had a value of $14.63.
When we take a look at its all-time high, Axie Infinity (AXS) was on November 6, 2021, when it reached a value of $164.90.
Going over its performance in June, the cryptocurrency had its lowest point of value on July 13 at $12.54. Its highest point was on July 30 at $19.95.
Here we can see that the cryptocurrency increased in value by $7.41 or by 59%.
Investors might be interested in buying AXS, as it can climb in value to $20 by the end of August 2022.
Should you buy WAX (WAXP)?
On August 24, 2022, WAX (WAXP) had a value of $0.10183.
Going over its all-time high, WAX (WAXP) reached its ATH on January 9, 2018, at a value of $2.77.
When we take a look at how it performed throughout the previous month, its lowest point was on July 13 at $0.08903. Its highest point was on July 31 at $0.1109.
Here we can see an increase in value of $0.02187 or by 24%. With this in mind, buying WAXP can be a solid choice, as it can increase to $0.18 by the end of August.
The post Brands like Nike and Gucci made $260M in NFTs, which projects should you get to get started? appeared first on Invezz.
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