Data review Phanta Bear and TheHeart Project: Asian celebrity projects are sweeping the NFT market

Cryptopunks, BAYC, Kumao and many other NFT blue-chip projects are based in the US. With few exceptions, the market is dominated by NFT projects from the West. Now, Asian culture is entering the field. The recent oriental projects “PhantaBear” and “TheHeartProject” are sweeping the NFT market, becoming the latest hot projects in the NFT rankings.

Asian NFT projects are taking the market by storm

On September 23, the founder of Clot, well-known actor and singer Edison Chen posted the latest news on instagram. The picture is of an NFT project called The Heart Project with the text, “This is my first attempt to enter the digital world. “Then teased the appearance of this NFT image.

Although Edison helped to speak for The Heart Project, the actual market performance of “Love” was not satisfactory. The boom quickly receded, and the price once approached zero.

Data review Phanta Bear and TheHeart Project: Asian celebrity projects are sweeping the NFT market

Data source nftgo.io

TheHeartProject, as a September project, is the representative of the NFT bull market in recent days. When it comes to the explosion of “love”, it is inevitable that Jay will promote it. Let’s review the two mainstream views on the poor performance of the market in the early days of Jay:

The first category is that the project party does not have much experience in NFT projects, and the quality of the pictures themselves is not high enough, so they cannot have influence in the current fiercely competitive NFT market, so there will be no big market;

In the second category, Jay Studio has stated on Weibo that it is impossible for him to end the game in person, and he just changes his avatar to support his brother, so even if there is a big market, it will not be sustainable, it is just a short-term hype.

On the whole, the perspective of the first type of viewpoint is looking down and loses arrogance, and the perspective of the second type of viewpoint is looking up and loses prejudice.

2022.1.8 Jay Chou posted on Instagram – PhantaBear ranks second in the Opensea art area in terms of transaction volume; as of January 10, 2022, Phanta Bear has surpassed BAYC in the Opeansea art area in terms of transaction volume in the past 24 hours to top the list.

Data review Phanta Bear and TheHeart Project: Asian celebrity projects are sweeping the NFT market

Data source nftgo.io

PhantaBear and TheHeartProject NFT market is growing faster every day. The NFT market is expanding internationally. New projects from all over the world are entering the field. Asian NFT projects are rapidly joining the $11.53 billion capital sea.

Data review Phanta Bear and TheHeart Project: Asian celebrity projects are sweeping the NFT market

Data source nftgo.io

Missing Jay Bear may be a warning to everyone – it is necessary to reorganize the gameplay and mode of the entire NFT market, whether the dimension of screening projects is too one-sided, and whether it relies too much on news and market noise. After chatting with several friends who have benefited a lot from the Jay Bear project, I found that there are only two types of partners who have seized this wave of rising. “One is Jay’s diehard fans (thinking that it is worth it even if it returns to zero), The second is friends who use data to make decisions to consider investment dimensions.”

Data recovery

In fact, as early as around 0.6e of Jaylen Bear, obvious “anomalies” can be found through the data level. The following picture shows the 24-hour price chart and trading volume histogram on January 7:

Data review Phanta Bear and TheHeart Project: Asian celebrity projects are sweeping the NFT market

Data review Phanta Bear and TheHeart Project: Asian celebrity projects are sweeping the NFT market

Data source nftgo.io

On January 7th, according to NFTGo.io data, Phanta Bear’s heavy volume rose along with giant whales entering the market, and more and more transactions were higher than the floor price. It can be seen that it is a very obvious buying point. The principle of some early warning robots is to use similar index.

Data review Phanta Bear and TheHeart Project: Asian celebrity projects are sweeping the NFT market

Data source nftgo.io

In addition, Jaylen Bear’s Top01 Holder (0xa63730) has 358 Jaylen bears.

Data review Phanta Bear and TheHeart Project: Asian celebrity projects are sweeping the NFT market

Data source nftgo.io

Click on the address details page, this address mint 358 Jaylen bears on January 1st and the night before. At the same time, according to its address details page, it can be seen that this is a new address, further through other activities of Activity, as well as links with other wallet addresses. It can be seen that this new wallet is likely to be the trumpet of a giant whale (a giant whale with the top 122 holding value in the NFT market, a giant whale holding Cryptopunks, multiple BAYCs and many other blue-chip projects), as shown below:

Data review Phanta Bear and TheHeart Project: Asian celebrity projects are sweeping the NFT market

Data review Phanta Bear and TheHeart Project: Asian celebrity projects are sweeping the NFT market

Data source nftgo.io

According to the pie chart of NFTGo.io’s holding time distribution, although the price of Jaylen bears has been booming, most people still choose to hold it. In the past 24 hours, only a small number of people (7.06%) chose to sell, And being at the top of Opensea’s transaction volume list is enough to show everyone’s fomo sentiment towards Jay.

Data review Phanta Bear and TheHeart Project: Asian celebrity projects are sweeping the NFT market

Data source nftgo.io

The Phanta Bear craze has not subsided, and many people have begun to discuss and buy TheHeartProject. Through the fan chart below, you can see the distribution of the holdings of these two projects. The proportion of holdings of the two has similar diversity, which is one of the reasons why many data-oriented investors decisively entered the data level of Guanxixin after missing Jaylen Bear.

Data review Phanta Bear and TheHeart Project: Asian celebrity projects are sweeping the NFT market

Data source nftgo.io

In addition, the chart below is the price change chart of TheHeartProject in the past 24 hours, with an average price increase of 11.3%. While floor prices fell more than that—indicating a large gap between floor prices and other events in the project, looking at just one dimension of floor price data can sometimes be misleading. With clear charts that combine all the necessary data into one chart, much more can be found in price trends. According to the multi-dimensional price trend chart of NFTGo.io, in the process of falling board prices, the average price still rises, and there are active high-priced NFT transactions, which will indicate a good momentum.

Data review Phanta Bear and TheHeart Project: Asian celebrity projects are sweeping the NFT market

Data source nftgo.io

Reshaping the Intrinsic Value of NFTs

In the new year, the celebrity NFT market continues to enter everyone’s attention. Among them, whether it is promoted by the star himself is the key to measure the value. NFT has also changed from a pure picture avatar at the beginning to a digital product that establishes an emotional connection with the star or has actual rights, so its intrinsic value will continue to increase. In this case, the secondary market is often more fiery than the primary market.

At present, in this unstoppable NFT boom, the participation of mainstream celebrities will be an important driving force behind the NFT boom, but it is still difficult to determine whether the long-term value of celebrity NFTs can be maintained or increased. Dealing with the risks and uncertainties brought by the volatile market is one of the challenges that investment has to face. Without sufficient data support, most people will find it difficult to control their market sentiment. Warren Buffett once said, “If you take other people’s words and get emotional about it, you’ll continue to suffer. The truly powerful are the ones who wait and see.” And it’s all about data and analytics, which is an investment Reassurance for the NFT market.

In 2022, NFTs will continue to flourish, and one of the biggest trends will be the participation of big companies, IPs and brands, and we will see more brands and celebrity idols start using NFTs to interact and connect with fans.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/data-review-phanta-bear-and-theheart-project-asian-celebrity-projects-are-sweeping-the-nft-market/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

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