Reddit NFT’s Exceeds $35M Market Cap

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ince their debut in July 2022, Reddit Avatars' Non-Fungible Tokens (NFTs) have witnessed an astounding success; with over 10.6 million tokens minted thus far and a market cap that has swelled to more than $35 million!

According to a recent BestBrokers report, the total market capitalization of Reddit's collectible avatars NFTs has broken through the $36 million barrier.

An incredible 10.6 million Non-Fungible Tokens have been created in the mere seven months since the project's launch, as reported by experts.

December 2022 was the month with the highest minting amount at a staggering $3.72 million, followed closely by February 2023 and September 2022 which brought in an impressive $2.11 million and $1.26 million respectively.

Over these 3 months, the largest number of new users were added to our platform. The total minters surpassed 10 million and 7.18 million Collectible Avatars holders joined us as well, based on the data collected!

On October 24, 2022, a user paid an extraordinary amount of 30 Ethereum (ETH) for the coveted NFT "The Hands #1". Today this same piece is priced at over $243.750 – a staggering 150 ETH!

Chris

An editor at Coincrop

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Jonathan is a Coincrop staff writer based in the UK, covering the best rates for cryptocurrency earning and borrowing products. When not at work, he's likely sailing.