September 30, 2022

While BAYC Spiked 35% in 90 Days, Other Popular NFT Collections Plunged in Value

1 min read

The world of NFTs continues to grow as a growing number of individuals seem drawn in to the concept of scarce digital art. Nevertheless, while some tasks are surging in worth, others are on a rather down slope.

  • Data exposes that over the previous three months, the floor rate, which is the most affordable rate for a non-fungible token (NFT) from a specific collection, for the Board Ape Yacht Club NFTs increased by a considerable 35%.
  • As CryptoPotato reported previously in December, the flooring price for the BAYC NFTs went beyond that of the famed Crypto Punks for the first time in history.
  • At the time of this writing, though, the punks recovered the throne of the most expensive NFTs, a minimum of in regards to floor cost, which presently sits at somewhat over 66 ETH.
  • However, it appears that Crypto Punks have lost some 50% of its worth over the past 90 days.
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  • Floor Price Comparison. Source: Twitter Other popular collections that have reduced in worth consist of Pudgy Penguins (-73.7%), Hashmasks (-31.6%), Meebits (-28.2%), Loot (-59%), etc.
  • The Mutant Ape Yacht Club, though, which is a spin-off of the BAYC collection, has actually increased in worth by 72.1% in the same period.