Are NFT Marketplaces a trend today? Which assets to choose?

8 Şub 2023

The anticipated release of BBLUR could force traders to reevaluate the NFT marketplace sector and create a wave of growth. In this article, we will gather the main assets from the NFT marketplace sector and compare their metrics and products.

The major players in the sector, the two biggest players OpenSea and Blur have no token


LooksRare (LOOKS)
Price: $0.3
ATH Price: $5.3
Market.cap: 145m
ATH Market.cap: 757m
FDMC: 308m

Although LOOKS is one of the largest companies in the sector, it is risky enough to buy the token. LOOKS has a large number of stakers, some of whom bought and accumulated the token at lower prices
The LOOKS token has risen 131% in the last 3 months.

SuperRare (RARE)
Price: $0.17
ATH price: $3.1
Market.cap: 56M
ATH Market.cap: 317.8m
FDMC: 170m

One of the most popular niche marketplaces where unique art is traded, not collections. It is also interesting because it's listed on Binance, and Binance retail investors are willing to buy anything that's trending and can give profit.
RARE token is up 92% in the last 3 months

X2Y2 (X2Y2)
Price: $0.21
ATH price: $3.2
Market.cap: 38.6m
ATH Market.cap: 300m
FDMC: 209m

It is the largest volume marketplace after Blur and OpenSea, but its token is lower by all metrics than LOOKS, for example. It can be considered as a potential alpha for narrative growth and one of the hidden gems along with RARE.
X2Y2 is up almost 400% in the last 3 months.

Rarible (RARI)
Price: $2.27
ATH price: $45
Market.cap: 867m
ATH Market.cap:
FDMC: 56M

One of the oldest projects of the sector. It has the smallest metrics for today..
RARI token has risen 34% in the last 3 months

A little bit about BBLUR
The Blur project now is a direct competitor to OpenSea, whose capitalization was estimated at the market peak in 2021 at ~ 1b. The release of BBLUR with roughly the same performance for FDMC may prompt the rest of the market to review token prices for projects from the same segment and, even more interestingly, may prompt OpenSea to give up issuing shares and going public and move to prepare for a token issue so as not to lose its position in the market

Conclusion
This year may be a pivotal year for the entire NFT sector. The largest companies in the real sector have increased their presence in this market and almost all of them have their own initiatives for denser integration. The possible token rally of NFT marketplaces could be just the beginning of this trend

Share your thoughts about NFT projects in a comments section, whether it worth trading/investing or not. Maybe you did some profit with it and you're ready to share your experience. Also check links and start trading with us!
Thank you for reading!