- BAYC’s unimpressive performance dragged it down to the 13th position in terms of NFT sales.
- Sales of collections built on Ethereum also dropped.
Bored Ape Yacht Club [BAYC] was one of the worst-performing collections in the NFT market after sales decreased by 54.86% in the last 24 hours.
According to AMBCrypto’s analysis of CryptoSlam, two Bitcoin [BTC] Ordinals’ collections had more sales than BAYC.
As a result, the Yuga Labs-developed project was number 13 on the market standings. At press time, BAYC’s volume was $582,977. Uncategorized Ordinals was number one with sales worth over $9 million.
Solana [SOL]-based Mad Lads also topped Bored Ape as its sales increased by 33.01%.
Source: CryptoSlam
However, BAYC was the not only popular NFT built on the Ethereum [ETH] blockchain with unimpressive numbers.
Pudgy Penguins’ sales also plunged by double-digits. However, the likes of Crypto Punks and Pandora did not follow the same trend.
Again, Ethereum has Solana on its heels
The decline in these transactions was a testament to the dwindling interest in the Ethereum ecosystem. Following the decline, Ethereum NFTs overall sales dropped to 12.97 million.
Bitcoin was top in this regard, as sales on the blockchain jumped by an amazing 73.21%, and almost hit double of Ethereum sales.
Meanwhile, it did not seem Ethereum was safe as its position seemed like it was up for grabs.
Who else has the effrontery to challenge the blockchain’s place if not Solana?
On the 18th of March, AMBCrypto reported how Solana has been outperforming the second most valuable blockchain on different fronts.
Is the BAYC hype finally gone?
If care is not taken, the lackluster performance of BAYC might affect Ethereum.
Furthermore, declining interest in BAYC, if not attended to, might make Solana the second most preferred blockchain for NFT trading.
During the 2021 bull cycle, Ethereum NFTs, led by BAYC enjoyed a lot of hype. This led the broader NFT market to record billions of dollars in trading volume.
However, despite reviving crypto prices, the NFT community has struggled to revisit such numbers. Should this remain the same, it might be challenging to see a return of the fanfare experienced three years ago.
Furthermore, AMBCrypto checked BAYC’s floor price. According to data from CoinGecko, the floor price of the collection was 13.56 ETH, equivalent to $45,565.
Source: CoinGecko
The all-time floor price was 153.7 ETH, indicating that the press time value was 11x lower than its peak. As it stands, the collection might not be able to revisit the all-time high anytime soon.
Realistic or not, here’s ETH market cap in SOL’s terms
However, if the king of hype the NFT market had in 2021 returns, BAYC might have a shot at it. But one cannot deny that other narratives in the market had flushed out the NFT razzmatazz.
Going forward, the condition might remain the same.
- BAYC’s unimpressive performance dragged it down to the 13th position in terms of NFT sales.
- Sales of collections built on Ethereum also dropped.
Bored Ape Yacht Club [BAYC] was one of the worst-performing collections in the NFT market after sales decreased by 54.86% in the last 24 hours.
According to AMBCrypto’s analysis of CryptoSlam, two Bitcoin [BTC] Ordinals’ collections had more sales than BAYC.
As a result, the Yuga Labs-developed project was number 13 on the market standings. At press time, BAYC’s volume was $582,977. Uncategorized Ordinals was number one with sales worth over $9 million.
Solana [SOL]-based Mad Lads also topped Bored Ape as its sales increased by 33.01%.
Source: CryptoSlam
However, BAYC was the not only popular NFT built on the Ethereum [ETH] blockchain with unimpressive numbers.
Pudgy Penguins’ sales also plunged by double-digits. However, the likes of Crypto Punks and Pandora did not follow the same trend.
Again, Ethereum has Solana on its heels
The decline in these transactions was a testament to the dwindling interest in the Ethereum ecosystem. Following the decline, Ethereum NFTs overall sales dropped to 12.97 million.
Bitcoin was top in this regard, as sales on the blockchain jumped by an amazing 73.21%, and almost hit double of Ethereum sales.
Meanwhile, it did not seem Ethereum was safe as its position seemed like it was up for grabs.
Who else has the effrontery to challenge the blockchain’s place if not Solana?
On the 18th of March, AMBCrypto reported how Solana has been outperforming the second most valuable blockchain on different fronts.
Is the BAYC hype finally gone?
If care is not taken, the lackluster performance of BAYC might affect Ethereum.
Furthermore, declining interest in BAYC, if not attended to, might make Solana the second most preferred blockchain for NFT trading.
During the 2021 bull cycle, Ethereum NFTs, led by BAYC enjoyed a lot of hype. This led the broader NFT market to record billions of dollars in trading volume.
However, despite reviving crypto prices, the NFT community has struggled to revisit such numbers. Should this remain the same, it might be challenging to see a return of the fanfare experienced three years ago.
Furthermore, AMBCrypto checked BAYC’s floor price. According to data from CoinGecko, the floor price of the collection was 13.56 ETH, equivalent to $45,565.
Source: CoinGecko
The all-time floor price was 153.7 ETH, indicating that the press time value was 11x lower than its peak. As it stands, the collection might not be able to revisit the all-time high anytime soon.
Realistic or not, here’s ETH market cap in SOL’s terms
However, if the king of hype the NFT market had in 2021 returns, BAYC might have a shot at it. But one cannot deny that other narratives in the market had flushed out the NFT razzmatazz.
Going forward, the condition might remain the same.
where buy generic clomiphene no prescription where buy generic clomid without dr prescription can i buy clomid price buying cheap clomiphene price can you buy clomiphene for sale where buy cheap clomiphene can i purchase generic clomid without rx
More posts like this would create the online time more useful.
The thoroughness in this piece is noteworthy.
zithromax 500mg without prescription – buy flagyl without prescription flagyl 400mg drug
cheap semaglutide 14mg – buy semaglutide paypal order cyproheptadine 4 mg generic
domperidone price – order tetracycline 500mg online buy flexeril pills
cheap esomeprazole 40mg – https://anexamate.com/ buy esomeprazole generic
coumadin 5mg oral – anticoagulant where to buy losartan without a prescription
order meloxicam online – https://moboxsin.com/ mobic pills
prednisone 20mg usa – https://apreplson.com/ prednisone 40mg us
natural pills for erectile dysfunction – best ed pills at gnc best pill for ed
order amoxil online cheap – amoxil for sale amoxicillin uk
This is the stripe of serenity I get high on reading.
This is the type of enter I recoup helpful.
order diflucan 200mg pill – buy generic fluconazole over the counter order fluconazole 100mg online cheap
order escitalopram 20mg – anxiety pro escitalopram 10mg for sale
order cenforce 100mg generic – https://cenforcers.com/ purchase cenforce for sale
cialis patent expiration 2016 – site best price for tadalafil
buy ranitidine 150mg for sale – https://aranitidine.com/ order ranitidine generic
sildenafil citrate 100 mg tab – real viagra 100mg 50 mg of viagra
This is the description of content I enjoy reading. https://buyfastonl.com/azithromycin.html
This is the amicable of topic I get high on reading. https://ursxdol.com/get-metformin-pills/
This website really has all of the bumf and facts I needed adjacent to this participant and didn’t comprehend who to ask. https://prohnrg.com/
Greetings! Extremely gainful par‘nesis within this article! It’s the crumb changes which liking turn the largest changes. Thanks a quantity quest of sharing! this
More articles like this would make the blogosphere richer. https://ondactone.com/product/domperidone/
This is the big-hearted of writing I truly appreciate.
purchase warfarin pill
The thoroughness in this draft is noteworthy. http://www.underworldralinwood.ca/forums/member.php?action=profile&uid=487598
order generic dapagliflozin – site where to buy dapagliflozin without a prescription
orlistat pills – purchase xenical without prescription orlistat medication
The vividness in this ruined is exceptional. http://zqykj.com/bbs/home.php?mod=space&uid=303439