Cryptopunks and BAYC Floor Values ​​Go Head-to-Head as Punks Briefly Outsmart Boring Monkeys – News Bitcoin News

Cryptopunks and BAYC Floor Values ​​Go Head-to-Head as Punks Briefly Outsmart Boring Monkeys – News Bitcoin News

On Sunday, August 21, 2022, the Cryptopunks non-fungible token (NFT) collection floor briefly exceeded the Bored Ape Yacht Club (BAYC) NFT collection floor. Although not a huge amount, at the time, Cryptopunks floor was 66.45 ether, while BAYC’s cheapest NFT was 64.99 ether.

Cryptopunks transiently takes the throne it held last year by changing BAYC’s bottom value

According to cryptoslam.io statistics, sales of non-fungible tokens (NFTs) are not doing so well this week as sales fell 18.75% less than the previous week’s sales volume. Bored Ape Yacht Club (BAYC) holds the top sales this week with sales of $15,087,189 million, up 61.47% from last week.

While Cryptopunks is the sixth largest collection in terms of this week’s NFT sales $4,517,133 in sales this week, sales are 52.38% lower than last week. Despite less selling this past week, Cryptopunks briefly managed to reverse BAYC in terms of minimum value.

On August 21st, at 1:45 PM (EST), Cryptopunks value threshold was 66.45 ETH or $107,866. BAYC bottomed out at 64.99 ETH or $105,623 at the time. Fighting continued for most of the day, and later in the afternoon BAYC managed to retake the top floor.

Cryptopunks and BAYC Floor Values ​​Go Head-to-Head as Punks Briefly Outsmart Boring Monkeys – News Bitcoin News
At 1:45 PM (EST), the low of the Cryptopunks NFT collection briefly exceeded the low of the Bored Ape Yacht Club NFT collection. BAYC was able to regain the top position by 4:00 PM (EST) on Sunday afternoon.

NFT bottoms are much different than 26 days ago July 26, 2022. At that time, BAYC had the highest value with 82 Ether as it was the cheapest BAYC that day. Cryptopunks NFTs were in second place that day, as the minimum value was 73.95 ETH July 26. In fact, statistics from archive.org show that BAYC held the highest value week after week for months in a row.

Cryptopunks and BAYC Floor Values ​​Go Head-to-Head as Punks Briefly Outsmart Boring Monkeys – News Bitcoin News
Block Crypto Floor Price of Popular NFTs Chart August 21, 2022

Today’s live competition is hosted by Yuga Labs release intellectual property licenses to Cryptopunks and Meebits last week. The new licenses allow Cryptopunks and Meebit owners to use their NFTs for commercial or personal purposes. The company’s BAYC NFTs also have a license for NFT holders, but Galaxy Digital is investigating claims the license covering BAYC, MAYC and BAKC NFT contains critical contradictions.

While Cryptopunks temporarily changed the minimum value of BAYC on August 21st, the opposite happened on December 22nd, 2021. At that time, the lowest BAYC was 53.9 ETH while Cryptopunk’s low was 52.69 ETH. However, after BAYC flipped Cryptopunks late last year, it maintained dominance in terms of top floor value. Except on a few occasions, the PROOF Collective’s NFT collection briefly overturned BAYC.

After a brief reversal early Sunday afternoon, BAYC managed to regain the top position and by 4:00 PM (EST), BAYC’s floor was 68.48 ETHwhile Cryptopunks floor was 66.45 ETH. While BAYC’s market cap at the time of writing was $1.11 billion, Cryptopunks’ market cap now stands at roughly $1.07 billion. At 17:30, BAYC’s floor was 68.48 ETH and Cryptopunks floor was 66.45 ETH.

Tags in this story

BAKC, BAYC, BAYC sales, Bored Ape, Bored Ape Yacht Club, Bored Apes flipping Punks, cryptopunks, December 2021, Flipping, Flipping, floor, Floor Values, Galaxy Digital Research, MAYC, nft, NFT sales, NFTs, Irreplaceable Token Sale, Irreplaceable tokens, Proof Collective, punks flipping the Bored Apes

What do you think about Cryptopunks briefly changing the minimum value of BAYC on August 21, 2022? Do you think direct action will last long? Let us know what you think about this topic in the comments section below.

Cryptopunks and BAYC Floor Values ​​Go Head-to-Head as Punks Briefly Outsmart Boring Monkeys – News Bitcoin News

Jamie Redman

Jamie Redman is a news anchor at Bitcoin.com News and a financial technology journalist based in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for Bitcoin.com News about the disruptive protocols emerging today.




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