Over two weeks ago, Sorare NFTs were selling more every day than the powerful BAYC collection.
Now, Nicolas Julia, CEO of Sorare, is about to launch the second edition, which will add to the excitement about the NFT and make investors very happy. On July 19, the Sorare MLB collection would come out.
Now, the question is whether this will be good or bad for the community.
The Sorare NFTs have made a big splash in the market for NFTs. You can trade official blockchain player cards in this fantasy football game.
There are more than 250 licensed clubs in the game, like Liverpool and Real Madrid. In May, Sorare confirmed a deal with Major League Baseball to launch a fantasy baseball NFT game.
Sorare’s ranking shows that the Ethereum-based collection has done very well in the last month.
At the time of press, it was ranked #5 on the NFT 30-day chart, with a total of $25.2 million in sales.
The total owners of the collection reached a count of 17,248. Sorare has shown a lot of promise recently, but the daily sales volume is still a long way from the all-time high (ATH) of $2.05 million in February 2021.
Even though the market as a whole is in trouble, the collection is still doing well. This will be very important when Sorare goes up against the bears.
When the crypto market calmed down, the price of the collection went up, which is interesting.
Well, the crypto relief rally was met with joy on the NFT markets, and trading volumes got back on track. Sorare faces a growing threat from other NFT collections like Art Blocks, CryptoPunks, and BAYC, which are already popular.
The question is whether Sorare can stay in business in a tough market. The better structure of the market can be a relief. But in the past, when fear, uncertainty, and doubt (FUD) hit the market, such collections tend to go down.
So, Sorare holders who want to make more purchases with the new launch should keep these things in mind.