CryptoPunks is ailing, but here’s what investors can seek

Last week, the Ethereum floor price of the Bored Ape Yacht Club (BAYC) NFT collection dropped to 65 ETH. Data from NFT Floor Price revealed the drop to be the lowest level since the beginning of the year. With a continued downturn in the general cryptocurrency market, stats from CoinGecko showed that BAYC’s floor price […]

In the last 30 days, sales volume for the project dropped by 47.72%.As of this writing, CryptoPunks’ sales volume in the last 24 hours stood at $395,629.87, having dropped by 48.78%.

Also, with its current market capitalization at $2.27 billion, this had gone down by almost 10% in the last 30 days.In the last month, only 182 transactions to buy or sell an NFT in the CryptoPunks collection were completed.The number of transactions to send or receive NFTs from the collection also went down by 24%.Moreover, Blue Chip Index used to track the performance of Blue Chip NFT collections has taken on a steep decline in the past 30 days.

As for the general cryptocurrency market, trading volume dropped by 9% while the entire market capitalization posted a 6% decline in the past 30 days.Subscribe to get it daily in your inbox.

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