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Information from nftpricefloor.com reveals the Bored Ape Yacht Membership (BAYC) worth flooring fell by 53% from its Could all-time excessive.
Fragile market sentiment
On Could 1, the minimal worth a purchaser may count on to pay for a BAYC NFT was 153.582 ETH ($430,000 on the time). Since then, the crypto panorama has undergone a noticeable bearish shift as a result of a number of occasions, together with the Terra LUNA/UST implosion.
All of which have taken a toll on the value of BAYC NFTs. A backside worth of 72.503 ETH ($86,000) was hit on June 13. This represents a 53% lower within the ETH worth and, given the falling worth of cryptocurrencies the previous few weeks, a staggering 80% down within the greenback worth.
Twitter consumer @CryptoDonAlt remained upbeat on his BAYC losses, selecting, as a substitute, to concentrate on the constructive. He accepts he could have wasted 100 ETH. However given an opportunity to do it once more, he emphatically declares he would.
Is there likelihood I simply wasted 100 ETH on a JPG?
YupDid it make me smile?
YupDid it make another folks have enjoyable on a shit day?
YupCompletely price, would do once more.
The duck can be again in due time, no worries.
Till then we ape.— DonAlt (@CryptoDonAlt) June 15, 2022
In accordance with CoinMarketCap, the BAYC assortment ranks second, to CryptoPunks, by way of all-time quantity at 607,444 ETH. However BAYC ranks primary for the estimated market cap, at 978,068 ETH.
Bored Ape Yacht Membership (BAYC) reclaims the primary spot
Final week, CryptoSlate reported that BAYC had misplaced its place because the main NFT assortment on OpenSea by quantity.
On the time, the GODA Mint Cross assortment, which provides future entry to conventional artists trying to get into digital artwork, was essentially the most traded Ethereum NFT assortment.
The day earlier than, on June 8, essentially the most traded was We Are All Going To Die (WAGDIE), a set of 6,666 tokens depicting “pixelated solemn humanoids” sporting medieval-themed apparel.
Since then, BAYC has re-established itself because the main NFT assortment on OpenSea, with over 13 thousand ETH in quantity during the last seven days. Virtually twice the quantity of the following positioned assortment, Mutant Ape Yacht Membership.
In the meantime, WAGDIE has a buying and selling quantity of 1,631 ETH during the last week, rating it eleventh. Whereas GODA Mint Cross has 1,396 ETH in quantity, rating it thirteenth.
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