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.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Bitcoin Red Team Established to Tackle AI-Driven Security Threats

chest

The Bitcoin Red Team has been established to proactively identify AI-assisted security vulnerabilities in the Bitcoin ecosystem.

user avatarTando Nkube

TON Validators Prepare for Configuration Vote on New Collator Architecture

chest

TON validators are updating their node software and mytonctrl tooling for a configuration vote on a new collator architecture scheduled for August 21 at 0800 UTC.

user avatarKofi Adjeman

Aave's EMode: Efficiency and Risk in DeFi Lending

chest

Aave's EMode feature allows for efficient borrowing among correlated assets but also increases the risk of liquidation during market stress.

user avatarSatoshi Nakamura

Avalanche Surpasses $3 Billion in Tokenized Real-World Assets

chest

Avalanche's tokenized real-world asset value has surpassed $3 billion, marking a significant milestone in its development as a platform for institutional finance.

user avatarNguyen Van Long

Aave's Debt Concentration Raises Concerns Amid Ethereum Volatility

chest

Aave's debt profile shows that a small number of loan positions account for a significant portion of its total outstanding debt, raising concerns about risk concentration.

user avatarJesper Sørensen

Shift in Airdrop Strategy Reflects Changing Market Dynamics

chest

Optimism's decision to reallocate tokens indicates a shift away from broad airdrops towards more strategic ecosystem investments.

user avatarLucas Weissmann

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.