Team6-miniproject2-Fortune Cookies Analysis
This dashboard aims to look into Fortune Cookies' behaviors in sales, examine its pricing trends, and gain insights into the demand dynamics within the project by investigating factors such as sales volume, price trends, marketplace comparisons and purchaser activity.
YoY sales volume indicates a huge increase in 2022 as compared to 2021 and then a slight decline in Q1. This is in line with market information on Fortune Cookies NFT project where the average sale price increased from 2021 to 2022 due to increased demand, scarcity, and hype. However, the price fell again from 2022 to 2023 due to decreased demand, market saturation, and regulation. The period between May 2022 and September 2022 indicates a peak or huge increase in the total sales which is subsequently also reflected in the average price trend chart too. Average price increased between this time frame which is in line with increase in the market demand.

Among successful transactions, highest valued one had a sales amount of around 18k SOL between Jan 2020 and Mar 2023. This is in line with the market information that Fortune Cookies NFT hit an all time high on 24th February 2023.
Fortune Cookies is an NFT project on the Solana blockchain that combines the thrill of fortune-telling with the thrill of digital collectibles. Each NFT Fortune Cookie contains a unique and secret message that offers a prediction, advice or a glimpse into the future. The collection features interactive elements and an enigmatic fascination with the fate of each NFT.
The sale price of Fortune Cookes of Fortune NFTs was higher than the minting price due to a number of factors, such as the unique and innovative concept of the project, the strong marketing and promotion of the project and the scarcity of the NFTs. As a result of these factors, the sale price of Fortune Cookies NFTs was significantly higher than the minting price. This was a great success for the project team and for the early investors who were able to purchase NFTs at the minting price.
Except for a couple of purchasers, sum of total amount for Fortune Cookies NFT for individual purchasers remained below 246k SOL. Leaving the outliers aside, the highest total purchase of 246k SOL is in line with Opensea data wherein total spending of 246k SOL was made by the purchaser across 18 transactions and they acquired 22 Fortune Cookies NFTs, making them the largest holder of the collection.

Overall, we looked at the market activity for the Fortune Cookies NFT project under Solana NFT which includes its month-on-month sales and average price trends. This gave us a picture of the evolution of the NFT. After looking at the top 10 sales of all time, we noticed that 2022 was the best year for the NFT so far. Additionally, we looked at the data from the purchasers' perspective as well where we found that the top purchaser spent around 246k SOL to acquire a total of 22 Fortune Cookies NFTs. We also looked at the most popular marketplaces for Fortune Cookies' NFT and found that Magic Eden v2 is the most popular one. Furthermore, the fact that average minting prices are much lower than average sales prices indicates that there is high demand for the NFTs than the project creators initially anticipated. Combining these findings with market data research, we found that the market for the NFT project is set to decline in 2023 due to decreased demand, market saturation and regulation.

The most popular market places for buying and selling of Fortune Cookies NFT are Magic Eden v1, Magic Eden v2 and Tensorswap. This is in-line with Magic Eden v1 being more user-friendly and secure than the other two marketplaces which makes it the most optimal choice. On the flipside, Magic Eden v2 is low-priced and offers some advanced features.