CryptoPunks, BAYC, MAYC, Azuki- Is price the antithesis of sales volume
According to data from CoinGecko, the NFT projects (CryptoPunks, Bored Ape Yacht Club, Mutant Ape Yacht Club, Azuki, and Doodles) which make up the top five projects by all-time volume on OpenSea, have all suffered a decline in their floor price in the last 24 hours.
Falling below its $1 trillion mark, data from CoinMarketCap showed that the global cryptocurrency market capitalization recorded a 9.54% decline in the last 24 hours causing it to be pegged at $937.61 billion. As Bitcoin and Ethereum record losses, blue-chip NFTs collections are not spared from the brunt.
Let’s take a look at the performance of these five projects in light of the ongoing turmoil within the general cryptocurrency ecosystem.
According to data from CoinGecko, the last 24 hours have been marked with some declines for Cryptopunks. At a floor price of 47.0 ETH at press time, a 17.6% decline has been registered in the last 24 hours. The NFT project also lodged a 17% drop in its market capitalization to be pegged at $574,742,342.57 at the time of writing.
Source: CoinGecko
Also, registering a decline in the last 24 hours is the Bored Ape Yacht Club Project (BAYC). At a floor price of 75.0 ETH valued at $92,142.22, the project saw a 24.6% decline in the last 24 hours. With a 23.4% decline in market capitalization within the same window period, this was spotted at $921,422,207.80 at the time of press.
Source: CoinGecko
Apart from BAYC, another Yuga Labs project that suffered a drop in floor price in the last 24 hours was the Mutant Ape Yacht Club (MAYC). At 14.899999 ETH, a 23.7% drop was registered. The market capitalization also saw a 23.5% drop within the same window period and marked a spot at the $354,097,307.71 position.
Source: CoinGecko
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