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Is the NFT market following the crypto market decline?
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At press time, it costs at least 49 ETH to acquire the NFT collection.
Last month, floor prices of “blue chip” CryptoPunks and Bored Ape Yacht Club descended below $100,000 worth of ETH. The broader NFT market has never shown such a steep decline in the last one year.
According to NFT Price Floor, currently, it costs 49.8 ETH ($93,239.34 at the time of writing) to purchase a cryptopunk. NFT prices struggle to rebound with the slower uptrend of the entire crypto market is widely affecting the NFT marketplace.
Similarly, Bored Ape, the most favored NFT project among international celebrities saw a steep decline. It costs at least 49 ETH, or about $92,200, to get into the collection. Buying Bored Ape NFTs in 2021 weren’t selling cheap.
According to Dune Analytics, daily trading across all NFT markets has dropped by a staggering 71% since mid-April. Those falling figures are symptomat
We współpracy z: https://www.thecoinrepublic.com/2023/04/23/nft-market-decline-continues-bored-ape-cryptopunks-below-50eth/
