Skip to content Skip to sidebar Skip to footer

Photographer: Jordan Vonderhaar/Bloomberg via Getty Images. Pictured: NFT
As cryptocurrency has plummeted over the last 75 days, so too have NFTs, most of which are paid in Ethereum.
But the fall of what were considered the so-called “blue-chip NFTs” has been even more stark.
Etheruem has dropped 64 percent since April 1, but the most lauded NFTs have seen their floor price — price for the lowest one on market — drop more than 70 percent.

On April 1, the lowest Bored Ape could be had for nearly $360,000. Seventy five days later, it’s a quarter of the price. The same discount is available for its close cousin, the Mutant Ape, at lower starting points (now $16,000).
CryptoPunks, very much considered the original NFT, have also gotten clobbered. A 74 percent drop since April 1 (near its all-time floor high) saw punks go sub $100,000 for the first time in a while.
VeeFriends was among the most hurt, down more than 80 percent, some of it undoubtedly because it lost its immediate utility with VeeCon conference access that came with the NFT.
(Data from CoinGecko)
April 1: $359,968
June 13: $87,951
Percent change: 75.6%
April 1: $75,478
June 13: $16,059
Percent change: 78.7%
April 1: $226,075
June 13: $58,464
Percent change: 74.1%
April 1: $39,347
June 13: $7,347
Percent change: 81.3%
April 1: $3,455
June 13: $1,253
Percent change: 63.7%

How would you rate this article?
Copyright 2022 © Action Network Inc, All Rights Reserved.Privacy Policy | Terms of Service | AdChoices
DISCLAIMER: This site is 100% for entertainment purposes only and does not involve real money betting.
Gambling can be addictive, please play responsibly. If you or someone you know has a gambling problem and wants help, call 1-800 GAMBLER in the U.S. In Ontario, please visit ConnexOntario or call their helpline at 1-866-531-2600. Operators on this website operate pursuant to an Operating Agreement with iGaming Ontario . This service is intended for adult users only. Individuals must be 21+ to participate in sports betting and iGaming in the U.S. and 19+ to participate in sports betting and iGaming in Ontario.


Leave a comment