Solana Monkey Business (SMB), a collection of 30,000 unique monkeys with the motto “reject humanity, return to monke” has shown signals to reclaim its top spot in the Solana NFT realm. Launched in 2021, Solana Monkey Business’s combination of artistic talent and blockchain functionality has made it one of the most creative and long-lasting initiatives in the Solana ecosystem.
The current prices of SMB range between 2 SOL and 50 SOL. The speed, scalability, and inexpensive transaction costs of the Solana blockchain made it accessible to thousands of NFT enthusiasts. This article will be a complete guide to SMB NFTs, covering their price forecast and checking their potential in the future.
What NFTs are in the Solana Monkey Business Collection?
The SMB has gen1, gen2, and gen3 collections with a total of thirty thousand distinct Non-Fungible Tokens (NFTs). The series details are as follows:
The Gen1 Collection
5000 pixel-art monkeys made for early users and collectors. Each item lays the groundwork for the project’s success by showcasing colorful artwork and a vintage gaming feel. The mint date was June 2nd, 2021.
The Gen2 Collection
10,000 monkeys in a larger, more sophisticated collection with additional features and compatibility. This collection, which featured elaborate designs and gave holders access to special advantages, became SMB’s signature soon after its release. The mint date was August 3rd, 2021.
The Gen3 Collection
With 15,000 unique monke NFTs, this collection allows the users to express their unique web3 identity and an invitation to the MonkeDAO community. This collection was distributed through presales and auctions around late 2023 continuing to 2024.
Why Does Solana Monkey Business Stand Out?
In addition to being unique, SMB’s pixelated art style is very customizable, with each monkey created using a combination of features. Also, SMB NFT holders get access to special benefits such as invitation-only discussions and premium access to the MonkeDAO, the parent decentralized autonomous organization (DAO) that allows holders to drive the project.
SMB provides more than just ownership. The collection is very useful in generating wealth for NFT holders through collaborations with other blockchain technology initiatives and also by staking them. The platform also offers specific competitions to the members and rewards the winning tickets and SOL coins.
Are SMB NFTs A Good Investment? Price Forecast
If you feel that investing in NFTs is a good idea, you should check SMB due to its position as one of the pioneering Solana NFT projects. Also, the collection is in a dip while we check the 30-day price fluctuations. However, there are high risks involved in NFT hodling. Let’s check the forecast of each collection.
Gen1 Collection
The current floor price of Gen1 NFTs is 48 SOL, and we can expect a surge when there is a boom in the entire NFT realm. The market cap is 149,463 SOL ($27.97 million).
Gen2 Collection
The floor price is 28.21 SOL with a 27% correction in the past 30 days. We can expect it to revive from this dip soon. The market cap is 140,853 SOL ($26 million).
Gen3 Collection
The Gen3 floor price is 2.51 SOL, with around 600 sales last month. The market cap is 19,766 SOL ($3.7 million). We can expect the market cap to double soon due to the low floor price.
How To Purchase Solana Monkey Business?
You must navigate Solana’s NFT marketplaces, such as Magic Eden, Tensor, or Solanart, to obtain an SMB NFT. Additionally, you can purchase them via the official website (Solana monkey.business). Buyers should carefully consider the time because prices fluctuate depending on demand and rarity.
Final Thoughts
Before making any purchasing decisions, try to get a better understanding of the Solana Monkey Business project. Joining the SMB communities of social media sites like X (Twitter) or Discord will help you to meet other fans and keep up with updates. Always engage and DYOR!
