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Bored Ape Yacht Club NFT Floor Price Climbs Past the 60 ETH Mark. Will it Overtake CryptoPunks?

Source: news.bitcoin.com

The current price floor of the Bored Ape Yacht Club (BAYC) NFTs is 61.00 ETH after rising by 4% in the last 24 hours. Yesterday, the BAYC NFTs had a floor price of about 58.87 ETH. The collection has a 24-hour trading volume of 1,696.6 ETH with 25 sales. The Bored Ape Yacht Club is currently ranked #2 in terms of NFT price floor with a floor cap of 600,00 ETH.

CryptoPunks, which is currently ranked #1 in terms of NFT price floor, has a price floor of 62.95 ETH. This is according to data obtained from NFT Price Floor. The floor price of the CryptoPunks has risen by 1.55% in the last 24 hours. The collection has a 24-hour trading volume of 1,199.4 ETH with 9 sales. CryptoPunks has a floor cap of 629,500 ETH.

The CryptoPunks have now been ahead of the Bored Apes in terms of price floor for about 2 weeks. The price floor of the CryptoPunks has remained above the 60.00 ETH mark for most of the time while that of the Bored Ape Yacht Club NFTs has been below that mark for some days.

In August 2021, the price floor of the CryptoPunks surpassed that of BAYC until the first week of January 2022. Other than a few other short occasions and the ongoing occurrence, the floor price of Bored Ape Yacht Club NFTs has been higher than that of CryptoPunks for the most time in 2022.

On August 21, 2022, Bitcoin.com News reported CryptoPunks’ price floor had spiked past that of Bored Apes temporarily. At that time, both NFT projects had their price floors above 64 ETH and ETH was trading at a price of about $1,610 per unit.

If the BAYC NFTs maintain their current bullish trend, which seems to be a bit stronger than that of the CryptoPunks, they might overtake the CryptoPunks in terms of the price floor.

The two NFT projects, that is, Bored Ape Yacht Club and CryptoPunks, are still leading in terms of NFTs with the most expensive floor values. Their close competitors are Azuki, Mutant Ape Yacht Club (MAYC), QQL Mint Pass, and DigiDaigaku NFTs.

Both CryptoPunks and BAYC NFT projects are owned by the famous Yuga Labs. The company also owns other key NFT projects in the NFT space. Examples include Meebits and the Mutant Ape Yacht Club (MAYC). These projects are categorized as a profile picture (PFP) NFT since they can be used as avatars on social media platforms such as Twitter and Instagram.

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darnell

November 23, 2022

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