Up by 2% over the last seven days, the Blue Chip Index revealed some growth in the performance of Blue Chip NFTs over the past week. According to NFTGo, the Blue Chip Index is calculated by weighing the market capitalization of Blue Chip NFT collections to determine their performance. So, let’s take a closer look […]
A few weeks ago, the sustained downturn in the general cryptocurrency market forced the Ethereum floor price of the BAYC NFT collection to drop to 65 ETH., this represented the lowest level the NFT project touched since the beginning of the year. With a value of 72.5 ETH at press time, BAYC’s floor price appreciated by 7% over the last seven days.Despite the fact that Ethereum shed 7% of its value over the aforementioned period, BAYC saw an uptick in its sales volume.
Apart from sales, the number of transactions to send or receive NFTs from the collection also went up by 36%. Additionally, BAYC’s liquidity rate, which measures the relative liquidity of the NFTs collection, hiked by 7% too.Within the period under review, the CryptoPunks NFTs collection fared differently. While its floor price grew by just 1% in the last seven days, it has fallen consistently by 3.52% over the past two weeks.With only $2.
With a figure of 0.26% recorded as liquidity over the last seven days, the collection’s liquidity rate dropped by 19%.So far this year, the floor price for CryptoPunks NFTs has dropped by about 20%, data fromEven so, it continues to lead the entire pack by holding a 9.59% share of the entire NFT market.Subscribe to get it daily in your inbox.
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