Try Quests to earn cryptoNFT Marketplaces became a well-known place where users buy/sell/browse NFTs. Many people became very wealthy by buying cheap NFTs which later became very expensive. However, there are always downsides to having to rely on only one source. Opensea for example operates on the Ethereum blockchain. The experience of trading there can get slow and expensive. Quixotic is a rising star, an NFT marketplace that operates on Optimism. In this article, we dive deeper into what is Quixotic crypto and how to buy NFT on Quixotic.
What is Optimism?
Optimism is an Ethereum-based layer 2 scaling solution. The fundamental characteristic of Optimism is that it makes Ethereum application transactions relatively inexpensive. Optimism causes transactions to flow from one blockchain to another. Gas prices are dramatically lowered as a result, and throughput rises. Optimism allows Ethereum developers to utilize all of the existing tools on Ethereum without having to make any changes. Traders will pay a 10x lower gas charge, according to the Optimism development team. Optimistic rollups are used to combat fraud and incorrect state transitions.
Because of all those positive traits, Quixotic was born.
here is some information about weekly transaction on quixotic NFT..
as you see on the donut chart most of the transactions were on 19/09/2022 with 10.1% after that we see 9.17% on 24/10/2022. the least of the transactions was on 28/02/2022 with 0.0301% which maybe because on that time it wasnt a known NFT in the market.
and then as time goes on the transactions get more and more.
and as for the numbers on dec13 there was just 13 transactions in the market for quixotic.
but as time went ahead the more investors came into this NFT like on Apr25 2022 a start happened for Ascending with 11.358k TXs.
but the market saw a slight descendance for a while until sep19 2022 when it saw that there was 21.478k TXs where it was the highest trading day . until now the TXs on oct31 was 8814.
on the other side of the stats we see the total Transactions with 212.7k last updated at 11/03/2022.
well for an NFT like that on optimism its somehow acceptable as far as you know Meta market has gone into some descendance since bitcoin decreased but indeed in near future we will for sure see some increase in it like the stats are showing it well.
also buyers are really getting better toward this NFT like at first weeks there were like zero buyers but then suddenly 4020 buyers came in the game on Apr25 2022 and they got the wheels and moved it up where it reached the highest point on sep19 2022 with 12.726k buyers astonishing and until oct31 2022 which buyers are 5915.
as for percentage of the buyers as you probably guess at first there were no buyers well easy to guess and the little by little they got better and the highest rate belongs to 19/09/2022 with 11.5%
and after that we see 24/10/2022 with 10.2%
next we have 9.67% for 26/09/2022 nearest to it is on 03/10/2022 with 9.07%
from all the buyers we have some unique buyers of 110.2k buyers which they are unique in buying only buy once. as you see last updated on 11/03/2022.
but here lest get into the prices start here with Ethereum weekly. the least average price is no dec13 2021 with only 0.01369231 which might be expensive for us too in dollar which we will calculate later on .
then the prices will have some ups and downs at range of 0.1462879Eth until may30 2022 the price gets sparkled it goes to 0.2721539Eth in average and then it starts to grow which it reaches its highest on jun27 2022 with 1.45177 really high though and after that week it suddenly gets lower to somehow its start point around 0.04000934Eth on oct31,2022
in the line chart you can see the ups and downs of the market clearly its like a heartbeat that also the heart has some problems with these prices :grinning:.
lets dig deeper in usd now. at first it was just only 54.04USD which was affordable and really good but then at the second week of the market it went up really high to 366.5408USD which whom ever invested in this NFT got really reach though.. oh wait it wasnt the highest point of this hill lets move forward to feb7 2022 yeah you see 450.2771USD ruling up there really a good price and a good good profit for the buyers who made it back then . but after that ascending we witness a huge decrease due to the price step by step it went down until oct31 2022 which is the latest update it is only 20.29784USD which is good now to invest in this NFT.
in the line chart under the bar chart we see the ascension and descendance of the price in average better which we get more sure how the price has decreased until now and people get more into it in future surely.
the fees were somehow fair enough not for buyers though but for the sellers and the platform and creators . the least total fee belongs to a week which dec31 2021 was in it with only 0.00445Eth but then it got some flat until may30 2022 which the fees were 146.2134Eth was really good for the market holders then it had some decrease and as you see the highest rate is for oct10 2022 with 507.0535Eth . and then it went down to oct31 2022 with only 27.65823Eth that i guess you know it why because the market has no transactions to start to light it.
and in USD bar chart at the bottom we can see the fees in US dollar on dec13 2021 total fees were 17.56317$ which was good but then the flat started and on may as you saw above it got started the transactions went up and the fees got increased to 21.83656k$ and then the highest rate among ll is on sep19,2022
with 140.9916k$ which is good but as the market saw its descendance it came down to 14.69765k$ on oct31 2022.
the last part we talk about the total volume of the quixotic market in Eth first so the total volume at first was just 0.178 near nothing but still Ethereum was good in cost that year. then it saw some flat until may 30 2022 where the market got better in trading the volume got up to 2,010.673Eth which was good but the better part of the scenario is on oct 10 2022 which the market volume went up to 6,241.413 Eth it was incredible number for this unknown NFT and again as you guess the market went down as for the decrease of the other markets it got to only 363.885Eth on oct31 2022.
and in USD we can calculate now which art first the market volume was just 702$ worth .
but on may30 2022 it got to 403.036k$ which seemed crazy but then it got really crazy on sep19 2022 with 1.240565M$ which still shows less trades are made on it and as for now i mean on oct31 2022 the volume of the market is only 182.2746k$.
sources
conclusion.
to conclude the Analysis i must say this NFT is not that famous but i can say it has future and in near future more investors and more companies bring their eyes on it which is good for it and for its holders . for now we must sit and see what will happen eventually .