• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Prices of popular NFTs have dropped significantly

Prices of popular NFTs have dropped significantly

user avatar

by Eve Adams

2 years ago


The NFT market is experiencing significant changes in the prices of leading collections. Researchers at NFTGo published an infographic showing that over the past 7 days, only one digital collection showed positive dynamics – Milady Maker. The minimum price of non-fungible tokens increased by approximately 12%.

Among popular digital art items, the biggest decline was observed in Lil Pudgys, with a drop of nearly 20%. Following this were Bored Ape Yacht Club (BAYC) and Pudgy Penguins, each showing a decline of around 15%. CryptoPunks and Azuki also experienced price drops, losing around 10%. Additionally, the prices of Mutant Ape Yacht Club (MAYC), Captainz, Mocaverse, and Chromie Squiggle also fell.

The fluctuations are occurring against the backdrop of declining trading volumes in the NFT market. Many experts attribute this to the overall uncertainty in the cryptocurrency industry and a shift in investor sentiment to negative. Despite this, interest in some collections remains high, allowing them to maintain leading positions.

Milady Maker — a collection of digital art inspired by the aesthetics of fashion icons and subcultures. The unique style and high-quality execution have made the collection popular among collectors and investors.

CryptoPunks — one of the first and most well-known NFT collections, consisting of a series of 10,000 unique digital characters, each with its own characteristics and rarity. The collection has become a symbol of the beginning of the NFT era and retains its value due to its historical significance and rarity.

Bored Ape Yacht Club (BAYC) — a collection also consisting of 10,000 unique drawn apes, providing their owners access to an exclusive club, virtual events, and other privileges. BAYC quickly became one of the most recognizable and prestigious NFT collections.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Impact of Spot Crypto ETFs on the Market

chest

The inflows into spot crypto ETFs have significantly impacted the underlying cryptocurrency markets.

user avatarRajesh Kumar

CME Group's Margin Hike Leads to Silver Price Drop and ETF Outflows

chest

CME Group's margin hike for silver futures led to a price drop and ETF outflows.

user avatarFilippo Romano

Bitcoin Miners Face Profitability Challenges Post-Halving

chest

Bitcoin miners are facing significant profitability challenges following the 2024 halving, as block rewards have been reduced and market volatility increases.

user avatarEmily Carter

Balanced BTC Perpetual Futures Long/Short Ratio Indicates Market Equilibrium

chest

The BTC perpetual futures long/short ratio across major exchanges shows a balanced trader positioning, signaling cautious sentiment amid market consolidation.

user avatarLucas Weissmann

Monero Gains Attention as Privacy Token Amid Regulatory Concerns

chest

Monero is trading just 19% below its all-time high, benefiting from a resurgence in privacy interest and social sentiment.

user avatarAisha Farooq

Rain Approaches All-Time High with Strong Demand

chest

Rain is trading just 3% below its all-time high, showing strong demand despite market fluctuations.

user avatarLeo van der Veen

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.