Bored Ape Yacht Club re-asserts OpenSea dominance, but down 53% in price

Data from nftpricefloor.com shows the Bored Ape Yacht Club (BAYC) terms level fell by 53% from its May all-time high.

Fragile marketplace sentiment

On May 1, the minimum terms a purchaser could expect to wage for a BAYC NFT was 153.582 ETH ($430,000 astatine the time). Since then, the crypto scenery has undergone a noticeable bearish displacement owed to respective events, including the Terra LUNA/UST implosion.

All of which person taken a toll connected the terms of BAYC NFTs. A bottommost terms of 72.503 ETH ($86,000) was deed connected June 13. This represents a 53% alteration successful the ETH terms and, fixed the falling terms of cryptocurrencies the past fewer weeks, a staggering 80% down successful the dollar price.

Source: BAYC Price Floor connected nftpricefloor.com

Twitter idiosyncratic @CryptoDonAlt remained upbeat connected his BAYC losses, choosing, instead, to absorption connected the positive. He accepts helium whitethorn person wasted 100 ETH. But fixed a accidental to bash it again, helium emphatically declares helium would.

Is determination a bully accidental I conscionable wasted 100 ETH connected a JPG?
Yup

Did it marque maine smile?
Yup

Did it marque immoderate different radical person amusive connected a crap day?
Yup

Absolutely worth, would bash again.
The duck volition beryllium backmost successful owed time, nary worries.
Until past we ape.

— DonAlt (@CryptoDonAlt) June 15, 2022

According to CoinMarketCap, the BAYC postulation ranks second, to CryptoPunks, successful presumption of all-time measurement astatine 607,444 ETH. But BAYC ranks fig 1 for the estimated marketplace cap, astatine 978,068 ETH.

Bored Ape Yacht Club (BAYC) reclaims the fig 1 spot

Last week, CryptoSlate reported that BAYC had mislaid its spot arsenic the starring NFT postulation connected OpenSea by volume.

At the time, the GODA Mint Pass collection, which offers aboriginal entree to accepted artists looking to get into integer art, was the astir traded Ethereum NFT collection.

The time before, connected June 8, the astir traded was We Are All Going To Die (WAGDIE), a postulation of 6,666 tokens depicting “pixelated solemn humanoids” wearing medieval-themed attire.

Since then, BAYC has re-established itself arsenic the starring NFT postulation connected OpenSea, with implicit thirteen 1000 ETH successful measurement implicit the past 7 days. Almost doubly the measurement of the adjacent placed collection, Mutant Ape Yacht Club.

Source: Top 5 Ethereum NFT collections by measurement connected OpenSea.io

Meanwhile, WAGDIE has a trading measurement of 1,631 ETH implicit the past week, ranking it 11th. While GODA Mint Pass has 1,396 ETH successful volume, ranking it 13th.

The station Bored Ape Yacht Club re-asserts OpenSea dominance, but down 53% successful price appeared archetypal connected CryptoSlate.