Renga Overtakes BAYC As Second Most Traded NFT This Past Month!
Renga overtakes BAYC as second most traded NFT this past month!
This past month, the Renga NFT collection has been making a buzz in the NFT collection, often taking the top spot in OpenSea as the most traded NFT for the week and rising by quite a bit in trading volume as well as floor price.
Now, it’s made even bigger news as the collection has officially overtaken Bored Ape Yacht Club (BAYC), arguably one of the biggest NFT collections in the world, to take the spot of the most traded NFT collection on OpenSea throughout the month of September.
What Is Renga NFT?
The RENGA collection is an NFT project made by popular illustrator and comic artist Dirty Robot which started minting and sold out immediately back in late August.
The collection itself consists of 10,000 PFP NFTs with varying traits. It’s been incredibly hyped up and complimented by members of the community for its art style, how well-drawn the it is, as well as how distinct and different each traits are, making most of the NFTs seem unique.
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The collection was even complimented by Bored Ape Yacht Club co-founder, Gordon Goner not long ago, who praised RENGA’s art.
Really enjoying the @RENGA_inc art. Great work. 🙌
— GordonGoner.eth (@GordonGoner) October 2, 2022
The collection has been garnering so much attention in fact, that the collection has soared by almost 200% in trading volume within just these past 7 days.
Because of how well-made the art and entire collection seems to be, many in the community have dubbed RENGA to be “the next genuine blue-chip” NFT in the space. This has caused a lot of excitement and FOMO for those in the NFT community, with some rushing to buy and own their own RENGA NFT.
fomo is one hell of a drug…
In the last 12 hours there has been 4 #BAKC & 3 #MAYC dumped to WETH offers.
2 of 4 BAKC and 1 of 3 MAYC sales immediately bought @RENGA_inc pic.twitter.com/uXfcT4WsBc
— A-Raving-Ape.eth 🍌 (@ape3593) October 2, 2022
There’s so much FOMO surrounding RENGA in fact, that a number of NFT whales and Bored Ape Yacht Club owners have been spotted to have sold, traded or used their BAYC NFTs in order to buy a RENGA NFT. Some were even said to have swept and bought more than 11 RENGA’s at once.
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The RENGA collection is now currently trading at a floor price of around 2.25 ETH at the time of writing. With so much hype and excitement around the RENGA collection potentially becoming “the next big thing”, many in the community are expecting this collections floor to rise even higher in the near future.
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