Over the last seven days, non-fungible (NFT) tokens outperformed fungible counterparts, with a gain of 6.4% on average for the ten largest collections. You can also read about it here NFT Price Floor is a price aggregater.
In contrast, the sector of fungible tokens registered a performance average of negative 8,6%.
Mixed performance
Space Doodles was the NFT collection that had the biggest upside. Their dollar price rose by 44.7%.
Pudgy Penguins’ secondary collection, Lil Pudgys, went up by 35.1% and had the second-largest returns among the top 10 collections. This performance was closely followed by Space Doodles’ primary collection, Doodles, and its 34.8% weekly growth.
Azuki Penguins and Pudgy Penguins both recorded increases of 14.2% and 14 %, respectively. Bored Ape Yacht Club, (BAYC), and CryptoPunks are two of most popular NFT collection in the market. They have weighed the average returns down of top 10 collections.
Bored Ape NFTs dropped nearly 19% during the same time period, while CryptoPunks (BAYC’s spinoff) and Mutant Ape Boat Club fell by 9.35% each and 15.77% respectively.
The in the same period.
The NFT market, despite its positive performance on average, is stagnant in the top three blockchains based on trading volume.
CryptoSlam Data The following is a list of the most recent shows. Weekly NFT sales of Ethereum (ETH), however, have fallen by 28.5%. NFT sales on Bitcoin reached a much smaller amount, $29.3 millions, with an overall weekly decline of 46 percent.
Solana’s (SOL), with a volume of $24.3million and a weekly variance of 38.5%, topped the list for NFT activity.
Falls from Glory
Although the floor prices of many NFTs are far below the peaks, they have still seen two-digit increases. CryptoPunks peaked at nearly 114 ETH on Oct. 8, 2021, and its floor is priced at 39.89 ETH as of press time — a 65% drawdown.
Bored Ape NFTs – arguably the best collection of the previous bull cycle – reached their record high on April. 22, 2022. These coins are currently down 87% at 17 ETH.
Mutant Ape Yacht Club was the collection that suffered the most from the greatest correction in comparison to its all-time peak. They are currently trading at 3.12 ETH which is down by 91% compared to the 35.58 ETH price they were trading for in April. 27, 2022.
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