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Supply Decreasing = Demand Increasing = Good News for Chains of War NFT Project

Supply Decreasing = Demand Increasing = Good News for Chains of War NFT Project thumbnail
Supply Decreasing = Demand Increasing = Good News for Chains of War NFT Project thumbnail

I have been involved in the Chains of War project for approx 70 days before and found the project about 4 or so weeks before their initial mint. I was involved in their mint and minted way more than I thought I would. When the public sale opened, I went a little nuts and just couldn't stop buying.

Not much has changed and as I continue to get deeper and deeper into this project I have also been tracking a very interesting statistic. I have been tracking a number of pieces of data, however, one piece of data that is of particular interest is the number of NFTs for sale on the secondary market place. I started to capture this data twice a day from the 11th of May and have kept up the data collection over this time. The brilliant thing about this is the number of NFT's for sale is continuing to trend down, which tells me that the supply is slowly drying up and this should have a positive impact on prices over the long term. This trend has continued fairly consistently over this whole period and I will be very interested to see the impact on this trend on this project over the medium term.

I am guessing that we should see the total number for sale drop below 1200 in the coming days and look to see us break under 1000 in the coming month. The total project has 10,000 NFTs in the collection so looking forward to seeing this break the less than 10% on the market milestone.

Please see below a chart of this data displayed as a line chart. Love to hear your thoughts on this project in the comments below.

11th May to 1st June Number of Heroes on the 2nd Market

For more information about Chains of War NFT project and to do your own research check out:

Website - https://chainsofwar.io/Twitter - https://twitter.com/ChainsofWarNFTDiscord - https://discord.gg/rK6AKMASp5

Chains of War Policy ID: a587ce7893ec56fa6136e483499d2a8210e29c34b7dc673446128875

What do you think?

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