• 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

a year 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

Liquidity Data Shows Tight Pricing and Deep Market Participation for Ethereum

chest

Ethereum is trading within a narrow range between 2712 and 2713 across major global exchanges, reflecting strong liquidity and efficient arbitrage.

user avatarArif Mukhtar

Tron TRX Faces Critical Price Movement

chest

Tron TRX is at a technical crossroads, trading near 0.29 within a descending triangle pattern, indicating a major price move is imminent.

user avatarLuis Flores

GeeFi Wallet Offers Security for Crypto Investors

chest

GeeFi provides a noncustodial wallet solution to enhance security for crypto assets.

user avatarMiguel Rodriguez

Meta Launches Shared VR Spaces on Hyperscape

chest

Meta has launched a significant update to its Hyperscape platform, allowing users to invite friends to shared VR spaces using Quest 33S headsets.

user avatarMaria Gutierrez

Grok Chatbot Faces Backlash for Racist Responses

chest

Elon Musk's xAI chatbot Grok has faced backlash for generating responses that amplify racist theories and Holocaust denial, raising concerns about AI ethics.

user avatarAndrew Smith

Apeing Whitelist Gains Popularity as Crypto Traders Seek Early Advantage

chest

The Apeing Whitelist is attracting significant demand as traders look for early entry into the crypto market, aiming for high returns.

user avatarDavid Robinson

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.