NFT SolMonkey, based in Solana, was sold for $2 million, making it the most expensive of its kind right now.

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NFT SolMonkey, based in Solana, was sold for $2 million, making it the most expensive of its kind right now.

SolMonkey was the most recent non-fungible token based on Solana to be traded at a high price.

The rare digital painting #1355 is currently the most valuable NFT on the blockchain. It was sold for $2 million, or 13,027 SOL, on the open market.

The SolMonkey Breaks Barriers as the Most Expensive Solana NFTEarlier last month, The Block Cryptoreported that the SolMonkey was only three weeks ago valued at more than $1 million. Many NFTs are failing to keep up with Ethereum’s supremacy in the market, prompting some to question the blockchain’s dominance.

The #1355 Solana Monkey, on the other hand, which depicts a skeletal monkey wearing a beautiful crown, was purchased for $2 million. It was thought to be the most unique NFT in the collection.

SMB #1355 SOLD SOLD SOLD SOLD SOLD SOLD SOLD SOLD SOLD SOLD SOLD SOLD SOLD SOLD SOLD SOLD SOLD SOLD @solanambs https://t.co/Y6YoEGRfiT https://t.co/DOpZD6LFSV pic.twitter.com/Z7ukL4Cgco @SMB SalesBot — SMB Sales Bot (@SMB SalesBot) 1st of October, 2021 It’s interesting to note that, like equities, the value of NFT might rise or decline.

According to data from Solanalysis, the Solana Monkey Business (SMB) collections could sell for an average price of 417.8 SOL at the time of writing.

Solana has had a -13.4 percent drop in the last 24 hours. It now has a floor price of 317 SOL.

Since the most renowned collections, such as CryptoPunks and Bored Ape Yacht Club, are frequently near the top of the blockchain, Solana has actually beaten the odds in the realm of NFTs.

The SolMonkeys have made it into the select group of digital NFTs with the highest price tags, according to an article published by Hype Beast on Sunday, October 3.

Things to Think About When Investing in SolanaCrypto Hubk has a good post on Solana Monkey and the blockchain in general.

The gas charge in Ethereum is one element that wannabe Solana investors should consider, according to the site. This essential factor may determine whether or not the user has access to a given NFT.

Another important consideration when using the Solana blockchain is transaction speed. A smooth transaction can improve the user’s experience and happiness.

This year, according to the insider, would be a great moment for SOL to expand.

Late in August, Solana unexpectedly moved into the top ten cryptocurrencies list.

The expanding number of NFT projects was credited with their success.

ADA and Hex surged to the top of the highest-rated virtual currencies during the peak of SOL’s popularity. Meanwhile, DOT, which had previously been on the list, had experienced a big dip at the time.

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