From 0.08 ETH to 2 ETH in a bear market. How did these NFTs pull this off?
Despite the crypto contagion of 2022, some NFTs (non-fungible tokens) have seen massive price rises. One example is Steady Stack, which saw a price rise of over 2000% from August to November 2022. So what caused this huge price increase? And will it continue? In this article, we’ll look at Steady Stack and explore the factors that led to its impressive price growth.
What are Steady Stack NFTs?
The Steady Stack Titans are a Collection of 2125 titans connecting the best investors, traders, and Venture Capitalists in Web3. These NFTs allow holders to access valuable resources to shape their trading skills, and give holders access to one of the most desirable investment alpha groups in all of web3. The project founders believe that NFTs have the potential to be much more than just a speculative investment. Hence, they are working to develop features that will display NFTs as holding real-world value. SS NFTs are not as volatile as other cryptocurrencies in the bear market because of the true utility attached to them, which is why they have maintained a very high FP throughout the bear market.
The growth story
Steady Stack’s NFTs were launched on Opensea in August 2022, right as the crypto bear market was beginning. This was a bold move, as many big names in the industry had already collapsed. The market was choppy and unstable, to say the least. The NFTs went from a mint price of 0.08 ETH in August to 2.24 ETH in October, and are now sitting at a current FP of 1.8 ETH – an increase of over 2,200%. Despite all the speculation, SS has managed to survive the bear market and thrive. Steady Stack has proven that it is a force to be reckoned with, even in the toughest of markets.
What worked magic was the utility attached to these NFTs. By attaching a utility to the NFT, buyers are more likely to hold on to the item instead of dumping it for profits in the short term. This provides a strong positive sentiment that eventually led to the prices of SS Titans shooting up. The price increase is due to the popularity of the NFT and the limited supply.
Steady Stack NFTs provide value far beyond the standard alpha callers for software tech and crypto/NFT/stock. The SS NFTs offer training and courses on wealth building, real estate, e-commerce, and more. In addition, Steady Stack provides lifetime access to exclusive proprietary trading software via a SAAS subscription NFT. This subscription not only gives Steady Stack users access to valuable information and tools but also generates revenue that can be used to further develop the Steady Stack ecosystem and push towards a more sustainable future for NFTs.
Owning a Steady Stack Titans gives access to:
- Top Tier Alpha Callers in Crypto/NFTs/Options
- AMA’s with seasoned investors, traders, and entrepreneurs
- A strong network & proximity to 7 figure traders
- Events & Meetups
- Exclusive investment opportunities — from potential crypto mining accesses to YouTube Automation services, IPO/IDO/IGO allocations, and exclusive real estate deals.
- Daily LIVE Market News & Weekly Macro
- Access to the proprietary trading algorithm
… and much more. The Steady Stack Titans are changing the game in the web3 space & just getting started. Even in bear markets, investors are flocking to these NFTs not only because of their potential return on investment but because of the immense and undeniable value attached to them.
If you’re interested in the Steady Stack Titans Genesis Collection, check them out at Opensea & join Discord. We’ve heard you may want to get involved before phase 2 kick off here shortly.
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Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.
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