Royal Goats Club NFT Floor Price Increases 400%
The Royal Goats Club NFT has officially sold out of its first 1000 NFTs. After the successful first batch of mint and a series of secondary sales, the floor price is rising, currently increasing by over 450%. Royal Goats Club NFTs have seen sales from 0.5 ETH to 10 ETH and recently even a sale for 30 ETH. While the original coin price was only 0.10 ETH, collectors and holders quickly minted their royal goats and listed (and sold) them for royal prices. One of the main reasons why NFTs are so popular is because they give people a way to own digital assets.
While it may be true that NFTs are like investing in a startup company (because there is always a risk that a company will not succeed and you may lose your investment), there are usually indicators that can help to determine which projects have potential and which do not. A similarity between the Royal Goats Club and the Bored Ape Yacht Club is that both have focused on their community and built a strong culture of treating members like family. There are some important things to keep in mind when it comes to community. First and foremost, a community is about coming together for a common goal or purpose. Whether it’s working towards a shared vision, supporting each other or just being there for each other, community is built on relationships. And while community can sometimes be thought of as a physical space like a neighborhood or a city, it can also be something much more abstract, like a group of people with similar interests or values. Whatever form it takes, a community is an integral part of our lives. It is where we find belonging and connection and helps us feel supported in difficult times. This is a factor that both the Royal Goats Club and BAYC have focused heavily on.; “The truth is, our community is what drives us, new members and old. We’re all in this together!” Devan Leos, a team member for the Royal Goats Club, said so when asked about the importance of community.
Another thing that surprises people is that BAYC was originally minted for .08 ETH (which at the time of writing = $146); However, the current floor price today is $141,753.68 and individual BAYC NFTs have sold for millions. With the Royal Goats Club floor price rising (currently at .44ETH), RGC holders also rejoice when Royal Goats Club NFTs are listed and sold for 5 to 20 ETH ($20,000-40,000 USD). As long as Royal Goats Club holders continue to hold and list at high prices, the potential profit and value to each RGC holder could be exponential. Unfortunately, unlike BAYC, the launch of RGC NFT occurred after a recent bear market, one of the most challenging markets to deal with in the NFT Space. In investing, a bear market is a market where there are very few buyers and sellers. This can lead to large price fluctuations and make it difficult to find a buyer or seller when necessary. Bear markets can be caused by low liquidity, high volatility, or both. Despite the odds against the goats, the future for gilt goats looks brighter.
Keep an eye out for the Royal Goats Club! Despite an initial market launch, NFT and the collective have gained a lot of momentum and are getting a lot of attention! After the latest coins, the Royal Goats Club says it will officially focus all of its resources on the current marketplace they are developing.
While there is still much speculation about the future of NFTs, it is clear that they are already changing how we interact with digital content. The bottom line is that NFTs are in the early stages of development and mass adoption has yet to happen. Despite this, NFTs are already having a significant impact on the gaming, sports and entertainment industries, with collectors and investors alike enjoying the ability to have proof of ownership with their digital assets. For example, NBA Top Shot collectibles are one of the hottest trends in basketball. NFTs have even been used to create virtual real estate, with some people spending thousands of dollars on digital land.
