BAYC and MAYC leads NFT market January rejuvenation- Decoding ‘how’

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The Yuga Labs collections topped NFT sales in January. Interest in digital collectibles soared but BAYC and MAYC had lost their spots. Like inseparable sisters, the NFT market joined its counterpart, the crypto market in recovering from the reds recorded for most of the second half (H2) of 2022. However, these were not the only […]

Hunters are back at it, the search for “NFT” has been on a downward spiral in the last 23 months. Evidently, because the broader market has been hostile. However, a quick search for the term in recent times revealed that there has been an increased hunt for assets globally.

At the time of writing, the Google Trends “NFT” score was 85. Such a high score indicated that traders might have the viewpoint that the bear market was out of its strong stage.Interestingly, China led the queries for the term despite the country’s strong policies against crypto-linked assets. Other Asian countries including Singapore and Hong Kong also formed part of the top five.

For searches in Europe, Armenia was the spearhead while Nigeria expectedly led in Africa since it has the most crypto users in the region.In addition, both BAYC and MAYC did not lose bullish momentum ever since in the last seven days.in terms of sales as it dropped 14.74%. MAYC also fell from second to fifth within the same time frame.Read the best crypto stories of the day in less than 5 minutes

 

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