Dero A-Team early buyers have cause for celebration. Yesterday, the collection achieved the 30000 Dero volume milestone after 3.5 months.
It is a pleasure when a project performs according to the original thesis of acquiring its NFTs with the expectation of strong long term value appreciation.
3.5 months is a short amount of time and this has far exceeded our forecasts.
What does this actually mean? Let us consider these numbers.
30000 Dero equals:
22% of the total all time volume of deronfts.com
0.23% of the total circulating Dero supply
Daily Dero trading volumes at the two major crypto exchanges are currently significantly less than this total volume.
It is a serious achievement for the small 338 NFT total supply of Dero A-Team and empirical evidence of our initial collection valuation theory.
28 units of that supply are community gifts. A significant amount of common units were freely given as part of collection launch and some 2 for 1 holiday promotions.
It is a testament to Mr. A’s abilities as both artist, collection manager and market maker who understands the supply and demand dynamics of a premium NFT collection.
The average floor price has steadily grown organically by over 3x since launch as seen on the chart above, with a 10x spike over the past couple of days. The floor price chart is the textbook picture what Dero Blocks collection curation standards strive to accomplish for sophisticated collectors.
Dero A-Team has quickly achieved these metrics since launch, showing immense valuation growth potential ahead for this project.
It is still early. We continue to recommend buying the still available creator units as long term holdings.