Top NFT collections in November 2022 — who holds up best in a crisis?

The market situation related to the ongoing crypto winter and problems in FTX keeps users of digital assets under constant tension. The sphere of non-fungible tokens was no exception. Thus, after the collapse of the exchange, the floor price of NFT in the popular collection Bored Ape Yacht Club fell by 10%. However, the situation is very slow but is recovering. What is now happening in the industry and who’s on top in sales?

Current market situation 

Earlier we reported that the NFT market fell for the sixth month in a row. The relevant data was presented by CryptoSlam analytical company, specifying that the sales volume of collections for the last month could not even exceed $500M.

Third-quarter trading volume totaled $1.8B, down 80% from the same period in 2021 and down 76% from the second quarter of 2022. Experts say this may be because the market is still young and this is its first bear rally, so the new digital asset class hasn’t yet been able to adjust properly to the collapse. 

The industry is also significantly influenced by the U.S. Federal Reserve, which continues to raise interest rates and urges central banks to do the same. For this reason, investors prefer to take less risk and buy fewer NFTs until the situation is resolved. 

But buying less doesn’t mean not buying at all, so you have to be aware of what’s popular now. 

The best NFT collections of the past 30 days 

To make it easy for you, we’ve gathered the most popular NFTs of the last month in one place according to CoinMarketCap and with the highest sales volume. Here they are. 

1. CryptoPunks. In October it ranked first in terms of trading volume. This time, with a figure of 16,212 ETH and a market capitalization of ~652K ETH.
2. Bored Ape Yacht Club. The token is ranked number two again. The token has been falling for the last week due to the situation with FTX but has stopped for now. In the last month, the collection’s trading volume was 13,631 ETH, with a market capitalization of 650,422 ETH. The minimum price per picture is virtually unchanged at 60.47 ETH, which is lower than in the pre-crisis days.
3. Otherdeed for Otherside. A token that can be used to gain ownership of land in the meta-community of the same name. The project is still under development and combines MMORPG and virtual worlds mechanics with Web3 support. Over the last month, the collection’s trading volume was 6,843 ETH, down slightly from 7,075 ETH in October. But the market capitalization decreased by almost 100K ETH and now equals 214,507 ETH.
4. Mutant Ape Yacht Club. Other apes but mutants. The only difference is the attributes of the primates, but the project is the same, and judging by the trading volume, which in the last 30 days was 6,455 ETH, users like it less than the original. By the way, despite the fact that the collection now trades better, it has fallen in the ranking, losing third place to the previous candidate. But that’s nothing compared to the drawdown in market capitalization — 226,135 ETH now versus 740K in October.
5. CLONE X. Things are stable with this collection, at least in terms of its position in the ranking. Last month, the token trading volume of the joint project of Nike and RTFKT, consisting of 20K 3D avatars, was 7,075 ETH, but in November it fell almost twice as much — 3,621 ETH. The market capitalization is also down by as much as 50,000 ether and is now 156,739 ETH.
6. Azuki. An Ethereum NFT collection of 10,000 unique, hand-drawn samurai and skateboard characters in the style of Japanese anime cartoons. In October, the collection also ranked sixth in the top but currently has almost halved globally: trading volume in the last 30 days is 2,782 ETH (5,329 ETH in October), and market capitalization is 118,630 ETH (201,951 ETH in October).
7. Moonbirds. Last month it was a collection called Kitaro on this place but now it has dropped out of the top, and Moonbirds has jumped up one line. The collection has a trading volume of 1,788 ETH in the last 30 days and a market capitalization of 81,122 ETH. A month ago these figures were 2,196 ETH and 108,558 ETH, respectively.
8. Doodles. Another newcomer to the top. The collection consists of 10 thousand unique tokens. It is visually known for having cats, people, pickles, flowers and aliens decorated with colors and rainbows. In the last month, Doodles had a trading volume of 1,399 ETH and a market capitalization of 63,766 ETH.
9. Genuine Undead. In November, the collection was at the bottom of the top, but that has little effect because in terms of trading volume and market capitalization the tokens have also fallen: trading volume is 1,359 ETH and market capitalization is 4,334 ETH now, versus 2,025 ETH and 5,508 ETH in October.
10. Bored Ape Kennel Club. Another collection under the leadership of Yuga Labs closes at the top. However, the difference is that this one is limited and contains tokens with dogs. Judging by the fact that the collection is at the top, it is now in demand. As for the numbers, over the last 39 days, the collection has traded at 1,335 ETH and has a market capitalization of 42,125 ETH. Bored Ape Kennel Club was released in July 2021 but has not hit the top until now.

How can I make money on this?

The market is still unstable. Cryptocurrencies are going up a little bit, but also going down, which also affects the NFT sphere. There are collections that always stay at the top in popularity, but they tend to be very expensive. So, a good option would be to buy something that has only recently hit the top and is gaining in popularity — like Otherdeed for Otherside and Bored Ape Kennel Club. The first is associated with the meta-universe and used for practical purposes, not just as a collection, which can be in demand, and where the demand is, there is a supply. As for the second project, it is associated with BAYC crowds, and it was and still is one of the most popular tokens, then there is a chance that it too will be successful and may allow its holders to earn money.