- Bored Ape’s ground worth sat at a one-month excessive, at press time
- In the meantime, CryptoPunks’ ground worth continues to fall
In response to knowledge from NFT Floor Price, the ground worth of the main non-fungible token (NFT) mission, Bored Ape Yacht Membership (BAYC), has risen to its highest degree within the final month. This, after an prolonged decline within the assortment’s worth, a decline which pushed its ground worth to a three-year low.
On the time of writing, the bottom worth an NFT from the BAYC assortment would promote for was 17 ETH, which, at present market costs, quantities to $53,086.
NFT Ground Worth knowledge additionally revealed that the final time the gathering’s ground worth was this excessive was on 10 March.
BAYC sees a spike in gross sales quantity
In response to NFT Ground Worth, the rally in BAYC’s worth began on 22 April, after its ground worth cratered to a 32-month low of 1.99 ETH. Nonetheless, the market witnessed a resurgence in BAYC buying and selling exercise on the identical day, thus pushing up its ground worth.
As per CryptoSlam’s knowledge, within the final 7 days, BAYC gross sales quantity has risen by 84%, totaling $8 million. Over that interval, 168 gross sales transactions have been accomplished, representing a 48% progress in BAYC’s weekly gross sales transactions.
Up to now this month, 530 transactions involving NFTs from the gathering have been accomplished. In response to CryptoSlam’s knowledge, BAYC’s month-to-month gross sales quantity has amounted to $23.31 million within the final 26 days – A 78% drop from the $41 million it recorded in April.
How has CryptoPunks fared as compared?
In response to NFT Floor Price’s knowledge, the most important NFT assortment by market capitalization, CryptoPunks, has trended in the other way over the previous month. In reality, with a price of 37.98ETH at press time, its ground worth has dropped by 20% within the final 30 days.
A have a look at its efficiency over the previous week revealed that its gross sales quantity additionally elevated. In response to CryptoSlam’s knowledge, the gathering’s gross sales quantity totalled $16 million throughout that interval, rising by 445%.
Curiously, this gross sales quantity was made out of solely 22 NFT gross sales transactions.