With dramatic price dips across all industry verticals in blockchain, cryptocurrency, and NFTs, it appears like everyone is coming to terms that we are indeed entering the crypto winter.
Bitcoin has fallen steadily with no additional charge, and some of the big names in NFTs have fallen off their perches. As a result, the entire blockchain market remains speculative and unclear.
When evaluating NFTs, shrewd investors should look for unique projects with an affordable entry price so the collection has the potential to go up significantly in value (think Creepleton, which is examined in detail at the conclusion and can be purchased for 0.03 Eth).
Why Are Ethereum-Based NFTs So Popular?
Unlike the highly centralized Solana network, Ethereum is much more widely respected and decentralized, and it is lucky to count on the support of Opensea, the leading NFT marketplace globally.
With thousands of projects spanning DeFi, NFTs, Web3, and more, Ethereum is now the blockchain network with the highest usage and the highest number of valuable NFT collections in the market.
Is now a good time to “load up” on NFTs?
The crash has shown us that people hold on to projects backed by a robust vision and roadmap, no matter how loud the mass hysteria is.
The significance of NFTs goes beyond speculation. They have utility across gaming, metaverse, and even the entertainment industries. The NFT industry is still in its early stages of adoption and there are many emerging projects that may capitalize on the real potential of NFTs, which makes it worthwhile to hold on to them for the long term.
The time to buy new technology is usually when prices have fallen dramatically. Analysts are quietly suggesting that now is the perfect time for people interested in NFTs to try their hand at investing, and cheap NFTs are a good place to start.
Top 3 NFT projects in July 2022: Creepleton, CryptoPunks & Dippies
The NFT market is too crowded at present. Hence, we combed through some of the hot collections to pick the top three NFT projects that excel in terms of utility, community strength, and historical relevance.
For those with a small budget, or wanting something interesting, take a close look at Creepleton collections. Each NFT is a piece of original art, and only one exists. They are all hand-drawn using the artist’s index finger, a scroll pad, and MS Paint, which gives the collection a sense of nostalgia. Unlike the big names in the NFT space, each Creepleton is uniquely "finger" drawn and created from scratch. The rarity factor is a major crowd-pleaser. The "Daddy Longnecks" collection starts at just 0.03 Eth per NFT, so this is a project that has enormous prospects for first-time NFT owners.
CryptoPunks was created by Larva Labs, a two-person development team working on all sorts of projects, from mobile games and utilities to web infrastructure to digital design and art. The team developed a pixelated character generator with inspiration from the London punk scene and cyberpunk films and novels. The current price of a CryptoPunk is 72 Eth, with offers at 52, which puts the average CryptoPunk beyond the reach of most first-time investors.
Dippies are also popular, being modern-day adaptations of hippies, with the same values. Ones that are more in touch with society but who are still quietly carving their own path. Rather than refusing to take part in the system, Dippies are building businesses to layer themselves out of it. The 8,888-piece Dippies NFT was algorithmically generated from a collection of traits that the artist created. Dippies NFT is a very new NFT project; hence, we can’t guarantee the team's commitment to the project mission.
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