JAKARTA The NFT market is starting to stretch, one of the digital collections that gain momentum is NFT Angry Cats. The cat-themed digital collection has increased by 334 percent in its trading volume. This shows an increase in trend against NFT Angry Cat in the middle of a bearish market in recent months.
NFT Angry Cats was developed by Chinese entrepreneurs who founded the W+ Startup community to provide opportunities and tools for the younger generation in realizing their interesting ideas. With a strong social influence, Chris Defi seeks to accelerate crypto adoption by providing job opportunities for young entrepreneurs in the sector.
According to DailyCoin, based on NFT's beta Coinbase, the overall 24-hour trading volume for Anrry Cat NFT has jumped 334 percent, with a total of 110 Ethereum (ETH). Annoyed kittens appear to have surpassed popular NFT projects such as QQL Mint Pass NFT, YOLO Bunny, Moonbirds, Pudgyaves, Azuki NFT, and The Chimpsons.
However, still a little behind the popular NFT by Yuga Labs, Bored Ape Yacht Club (BAYC). Each has a trading volume of 139 and 245 Ethereum (ETH).
On the other hand, the Angry Cat NFT collection has incised its own popularity on the most popular NFT platform, OpenSea. For example, Meowna Lisa sells for 0.20 Ethereum (ETH) on the secondary market, while the cheapest collection of regular NFT Angry Cat NFT costs 0.292 Ethereum (ETH).
Interestingly, Angry Cat NFT found its audience in China, where cats stand out in pop culture. It's no secret that cats and the internet are a harmonious blend, however, it also brings extra competition to NFT artists, who may not be noticed if their cat-themed NFT projects don't have uniqueness. In addition, it looks like the younger generation in China & Japan can understand the emotions described in the Angry Cat NFT, therefore this project has received public attention by mentioning on social media.
Based on the information listed on OpenSea, AngryCat is a cultural identity consisting of 10,000 cat-themed NFT collections. Prior to the increase in the trading volume of Angry Cats, another cat-themed NFT, Cool Cats, experienced a 14 percent spike after the inclusion of investment from Animoca Brands.
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