F(X) HASH: WEEKEND UPDATE
APRIL 9TH, 2022
These weekly updates provide informed observations through tracking price movement. This should serve as a starting point to “do your own research” (DYOR) and making your own informed decision.
Complete spread sheet can be found here.
Another busy week on the secondary as we wait for fx hash 1.0 to go live. It sounds like ciphrd and the team are still on track for a mid April launch. Highlights from the past week posted below.
I added two additional collections to the list this week. Art For Walls In Public Spaces by @annaluciacodes and Cuts by @todemashi. Both are excellent collections which have seen a lot of sales on the secondary market. There was a lot of mixed action over the past week with some pullbacks from previous high flyers and some nice moves to the upside among many other collections. Highlights of the week were led by a big move up of 84% for Beyond by @mjlindow. Next up was a gain of 63% for the platform genesis drop, Generative Logo, by @ciphrd. Continuing on we saw +44% for Uninhabitable by @pointline_, +30% for A Stitch is Fine by @lisaorthstudio, +28% for ASCII-SMOLSKULL by @mknol, and +27% for Solace by @lunarean. Other notable gains came from Concord by @revdancatt +23%, Stitched by @pepe__xyz +20%, Chaos Research by @IOivm +18%, Tych by @rudxane1 +14%, gatorade and apples by @jjjjjjjjjjohn +13%, and +12% for SMOLSKULL by @mknol.
As we head towards the new contract it's cool to see there are now nearly 18k wallets holding at least 1 piece from Fx hash. New whales seem to be joining the platform weekly with some big purchases of significant "blue chip" pieces. It will be interesting to see how the secondary market reacts as 1.0 draws near. I had expected some more significant pullbacks due to buyers seeking liquidity but so far the market appears to be holding up admirably well. Perhaps collectors are hesitant to let go of gems from the beta contract. As a reminder I'm currently only tracking collections which have floors of 20 tez or greater. There are many excellent collections below that price point to be discovered if you do some digging.
