Is the OpenSea-BAYC connect the latest to rock the NFT market? This data suggests…

📆 26.12.2022 01:35:00
📰 CryptoAmb

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New data implies a correlation of BAYC floor prices and OpenSea volume Despite declining from its peak, major crypto collections (BAYC,MAYC,CryptoPunks) performed well The BAYC NFT collection continued to retain its top spot in the NFT space despite the volatility faced by the crypto market. The impact of the Bored Ape Yacht Club (BAYC) NFT […]

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This development suggested BAYC and other NFT collections associated with it such as Mutant Ape Yacht Club and CryptoPunks still played a key role in generating volume and interest in NFT marketplaces.After hitting its peak, the floor prices for BAYC declined materially. Over the past month, the average floor price for aNFT was 67.25 ETH. The floor price did not witness a lot of fluctuation during this period, however, BAYC did observe a spike in whale sales towards the end of the month.

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