Gutter Cat Gang has established itself as a solid project that delivers time and time again. Whether it’s with great in-person events like Guttercon in Las Vegas or providing consistent utility to holders with dope airdrops, the leadership and team is fostering something special. With a whole slate of events planned for Art Basel, it got me wondering…will the Gutter Species – Rats, Dogs, and Pigeons – take off?
The Mutant Effect
Following NFT Week in New York City, people scrambled to buy Mutant Ape Yacht Club, the secondary tier membership of Bored Ape Yacht Club. Many people (including me) predicted it. Mutants were sitting at 4 ETH and Bored Ape Yacht Club was around 32 ETH. At 1/8 of the price, Mutants received 100% of the value that Ape holders got in New York. This prompted a run on Mutants, with them scorching all the way up to an 8 ETH floor before a pullback to the current floor of 6.35. To be fair, Bored Ape Yacht Club has had quite a run itself, up about 45% to a 47 ETH floor, but the Mutant run happened a lot quicker and was a clear reaction to the value provided in NYC.
This whole run got me thinking about Gutter Cat Gang. If Gutter Species are seeing 100% of the same utility as Gutter Cats in Miami, will we see a similar run up? Will pictures, videos, and stories from Art Basel prompt people to see value in the utility of holding any part of the Gutter Cat Universe?
Scarcity and Entry Point
In a world of 10,000 tokens, it’s easy to forget there are only 3,000 Gutter Cats. Similarly, there are only about 3,000 each of Rats, Dogs, and Pigeons. That means the entire Gutter Cat ecosystem has ~12,000 tokens. That’s a small membership pool, and if the project keeps delivering obvious value, the desire to enter the club will rise. If someone wants to get into Gutter Cat Gang, the amount they’ll pay for each species at current floor price in dollars is as follows:
- Gutter Cat – $18,000
- Gutter Dog – $3,000
- Gutter Rat – $2,500
- Gutter Pigeon – $2,000
You can see pretty quickly that buying a Dog/Rat/Pigeon is a lot easier to swallow, even for people new to NFTs, than a Gutter Cat.
Do Apes Have Different Rules?
A key factor in this whole discussion is that Apes have had their own trajectory that is unmatched by any other NFT project. They’re the most culturally relevant NFT brand, and it’s worth asking if we can really apply Bored Ape trends to other projects. I’m not sure, honestly. But it would not surprise me to see people jumping to buy Gutter species after we see the great experience that the Gutter Cat Gang provides in Miami this week. And in the longterm, I continue to be bullish on Gutter Cat Gang, with no plans to sell my full Gutter Set (Cat/Dog/Rat/Pigeon) anytime soon.
Disclaimer: This article is not financial advice. The NFT and Cryptocurrency markets are very volatile. Please don’t invest what you can’t afford to lose. Always do your own research before investing.