As the broad crypto market battled bearishness, the NFTS space has seen an extended slump. The leading NFT collection by market cap, BAYC (Bored Ape Yacht Club), has witnessed its floor price plunging by 20% within the previous week. The…
The BAYC (Bored Ape Yacht Club) NFT collection saw its Ethereum floor price plummeting to 65 ETH last week. NFT Floor Price data shows the decline was the lowest since 2022 started. Moreover, CoinGecko revealed that BAYC’s floor price maintained…
The broad market recovery remained a dominant topic since we ended August’s first week. The theme is more prevalent within the non-fungible token (NFT) market as ‘blue-chip’ collections enjoyed impressive rewards. Nevertheless, CryptoPunks stands as a top collection amidst bear…
The crypto market meltdown has NFT market volume on continued plunges. The monthly market volume has declined under $10B over the last three months. Overall monthly volume declined to around $4B. The May cryptocurrency market crash hit NFT marketplaces hard,…
Most market players resorted to the flipping trading strategy as non-fungible tokens (NFTs) enjoyed surging popularity. A recent survey revealed about 64% of individuals bought NFTs with the primary goal of earning. DEXterlab, a blockchain monitory firm, surveyed over 1,300…
The NFT market has made a name for itself in the system. In the era of digital markets and innovations, it is one of the newest and most popular innovations. NFT got to an amazing start last year as it…