Best NFT To Buy Now: Supreme Kong NFT Analysis

We are excited to share with you that we are going to start a weekly NFT recommendation series, where we will be focusing on some Nft trading opportunities with exciting project that can deliver bumper gains.

Starting with today itself, we present the first recommendation: Supreme Kong for buying at current levels.

Supreme Kong is an NFT collection that has the potential to deliver big returns in short span of time.

In this article, we’ll look at next price target of supreme Kong, focusing on price history, items available,and key metrics such as entry price, exit price, risk level, and hold time. We’ll also review the collectibles currently available in the buying price range.

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Supreme Kong NFT Next Target

Supreme Kong is a collection of hand-drawn ape-inspired avatars with different traits and rarities, similar to other popular NFT projects like the Bored Ape Yacht Club.

The collection can be a good buy at the current levels with the project being a potential value doubler.

• Entry Price: 0.2-0.22 ETH
• Exit Price: 0.35-0.5 ETH
• Risk: 1/5 (Low risk)
• Hold Time: Mid-long term

Why Supreme Kong is the Best Buy?

Supreme Kong is one of the strongest NFT projects right now. Initially, it didn’t sell out completely at launch, but the team later reduced the supply from 7,777 to 2,000.

As a result, it ended up leading the NFT market with an all-time high floor price of 2.5 ETH. The founder Cryus Abrahim is a major reason to invest in this project; he has a great reputation in the market and isn’t just looking to make a quick profit.

His projects have only a 0.5% royalty on sales, while 99% of other projects have around 5%, which shows his commitment to delivering value to the community

Price History

• Initial Launch: The initial mint price for Supreme Kong NFTs was set around 0.1 ETH.
• Mid-term Price Surge: As demand grew, particularly for NFTs with rare traits, the floor price increased to around 0.4-0.45 ETH and peaked above 2 ETH.
• Current Market: The current floor price hovers around 0.2-0.22 ETH.

Supreme Kong NFT Key Points

• Holders– 352
• Floor Price– 0.2036 ETH
• Trading Volume– 4792 ETH
• Market cap– 406 ETH
• Listed– 3%

Rarity Traits

1. Background: Colors and themes rarer backgrounds drive up the value of the NFT.
2. Fur Color: Certain colors (e.g., gold, neon) are more scarce and attract higher bids.
3. Accessories: Items such as sunglasses, hats, and necklaces are popular among collectors, with some accessories being exceedingly rare.
4. Expressions: The facial expressions of the Kongs play a role in determining rarity.
5. Clothing: Some Kongs feature streetwear-inspired clothing.

Collectibles Available in 0.2-0.22 ETH Price Range

Within this price range, you can expect to find:

• Kongs with common traits, such as basic backgrounds and accessories.
• Mid-tier fur color options (e.g., standard grey or brown).
• Minimal accessories or simpler expressions.

While these nfts do not have ultra-rare traits, they can act as a great entry point for collectors looking flip for profits.

Exit Strategy

The suggested exit price of 0.40-0.5 ETH aligns with the historical highs that Supreme Kong has previously reached.

Traders should try to sell within this range during high demand periods or events like collaborations or airdrops.

Always conduct your own research before making any financial decision in the NFT space.

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