Brands like Nike and Gucci made $260M in NFTsCryptocurrencywhich projects should you get to get started?

Brands like Nike and Gucci made $260M in NFTs, which projects should you get to get started?

nft 08 scaled

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, 2022

On 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.

ape usd 2

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.

gala usd 6

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.

gmt usd 2

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.

axs usd 4

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.

wax usd 2

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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