An opposing viewpoint on the rumoured doom of non-fungible tokens (NFTs) is provided by a recent CoinGecko report. Due to the general market collapse, the NFT industry has seen a major decline, but data from CoinGecko reveals that interest in NFTs is still high. With 1,234 users adding Nakamigos to their watchlists, it is the most popular NFT at the moment on CoinGecko. With 1,076 people, Yuga Labs’ Bored Ape Yacht Club (BAYC) is closely followed by CyberKongz and bitmap, which have 867 and 851 watchlist entries, respectively.
The most popular NFT from 2022 is Pixelmon, which is now on 786 user watchlists. This is especially true after the project’s rebirth. Data from CoinGecko also shows that 400 or more users have added at least one of the top 30 most sought-after NFT collections to their watchlists. Twelve of the top thirty slots in CoinGecko’s popularity rankings are occupied by NFTs developed in 2021, demonstrating the NFTs’ continued popularity. According to the aggregator, these 2021 NFTs have maintained their relevance throughout time by displaying fortitude in terms of their reputation and community support.
2023 NFTs currently occupy nine positions among the top 30, surpassing their 2022 counterparts, who hold eight positions. This pattern would indicate that 2022 was a difficult year for NFT collections, providing a marginally more upbeat view for 2023. It’s still unclear whether more 2023 NFT collections will gain popularity with a few months left in the year. Despite the protracted bear market, CoinGecko’s most recent analysis indicates that little has changed, with Ethereum NFTs still making up the majority of the most popular collections—24 out of the top 30 ranks.
