Movement in NFTs: HNS, BEZOGE, GODS rise strong, SWFTC jump

We share with you daily data of the unique token (NFT) ecosystem.

CoinMarketCap as of Thursday, June 16, 2022 datasthe total market value of the unique token (nonfungible token, NFT) ecosystem $12,229,435,805 dollars shows as.

CryptoSlam to the data According to NFT protocols, the total amount of sales made during the month $15,568,581 level.

Movement in NFTs: HNS, BEZOGE, GODS rise strong, SWFTC jump

Total amount spent in dollars in sales and the number of unique buyers. Source: CryptoSlam

TOP 5 – Most profitable NFT tokens in 24 hours

Token Name Price 24h 7g Market value
SWFTCOIN (SWFTC) $0.0010 35.5% -2.7% $6,727,044
handshake (HNS) $0.0553 27.9% -12.7% $27,606.007
Bezoge Earth (BEZOGE) 0.000000001$ 25.1% -32.2% $34,580,537
Gods Unchained (GODS) 0.5160$ 21.0% -35.0% $17,454,599
LUXO (LYXE) $4.07 18.3% -17.8% $61,855,815

The most valuable NFT tokens in 24 hours. Source: CoinGecko (Thursday 16 June 2022 10:54)

As of Thursday, June 16, 2022, the most valued NFT token in the last 24 hours 29.5 percent with SWFTCOIN (SWFTC) it happened. Total market value of the protocol $6,718,632 reaching, 1 SWFTCOIN (SWFTC) from $0.00101457 began to change hands.

The second most valued NFT token in 24 hours 27.4 percent with the increase handshake (HNS) recorded as. Handshake (HNS) from $0.055300 is being traded. 25.1 percent rising at the rate Bezoge Earth (BEZOGE) protocol 0.000000000863196 dollars level.

According to the shared data, 21.0 percent rising rate of Gods Unchained (GODS) $0.516028 and right after 18.3 percent growing LUXO (LYXE) if the protocol $4.07 is traded on.

TOP 5 – NFT tokens that lost the most in 24 hours

Token Name Price 24h 7g Market value
Rarible (RARI) $2.05 -6.8% -28.4% 17,318,967$
AntiMatter $0.1879$ -4.6% -15.1% $6,224,389
NFT Worlds (WRLD) 0.0261$ -3.5% -50.9% $14,394,412
Vulcan Forged (PYR) $3.35 -3.0% -25.2% $80,123,463
Gem Exchange and Trading (GXT) $0.1343 -2.4% -7.1% $1,219,014

NFT tokens that lost the most value in 24 hours. Source: CoinGecko (Thursday 16 June 2022 10:54)

According to the shared data, when we look at the declining names of the unique token (NFT) sector in 24 hours, the total market capitalization $17,318,967 calculated and 6.8 percent declining in Rarible (RARI) token from $2.05 is being traded.

4.6 percent falling in rate AntiMatter (MATTER) from $0.187938 when finding buyers, 3.5 percent depreciating NFT Worlds (WRLD) if $0.02605204 level.

Also, the data 3.0 percent falling Vulcan Forged (PYR) token from $3.35 when changing hands 2.4 percent declining in Gem Exchange and Trading (GXT) $0.134276 finds buyers.

What is a unique token (nonfungible token, NFT)?

Non-fungible token (NFT), which means “unchangeable or unique token” in Turkish, means a unique token encrypted on the blockchain network. NFT, which works differently from the usual coin and token concept; It is a unique, unalterable, original, and absolute property.

In the simplest terms, non-fungible tokens, which cannot be changed and can be described as unique, are produced with different values ​​and originality that cannot be replaced.

To explain with an example, it is possible to exchange a 100 TL banknote with another 100 TL banknote. Because traditional banknotes are interchangeable. The serial number of the banknote does not have any effect on its value, they have a fungibility feature. Likewise, whole gold from the jeweler can be exchanged for a different whole gold or for four quarters of gold.

Fungibility or interchangeability is a critical feature of cryptocurrencies. For example, when a Bitcoin was produced, by which miner it was mined, and in how many wallets it has been in so far does not affect its value. 1 BTC is always 1 BTC.

Non-fungible tokens, on the other hand, have features that make each “unique”. The person who owns an NFT knows that there is no other example of the token in his hand.

For detailed information: What is a non-fungible token (NFT)? How does it work?

The views and comments expressed here are solely those of the author. It may not reflect the views of Cointelegraph. Every investment and trading move involves risk. You should do your own research when making a decision.

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