The NFT prices of the Bored Ape Yacht Club collapse together with the market

The NFT prices of the Bored Ape Yacht Club collapse together with the market

The prices for cryptocurrencies have been brutally sold out this week, and this had an impact on the market for non -funni tokens. The trading volume of some popular NFT collections has risen in the last 24 hours, since the minimum prices have dropped considerably according to Bitcoin Trader Data Okx.

The Bored Ape Yacht Club of Yuga Labs recorded the highest trading volume under a list of NFT projects that recorded an increase in sales and recorded an increase of almost 300 % on the last day.

The minimum price or the cost of the cheapest available NFT on the market for the Bored Ape Yacht Club has fallen by 13 % in ETH conditions to up to 75 ETH (91.917 $) in the last week, according to the information NFT price limit . The effect is even more pronounced in relation to the US dollar thanks to the falling value of ether, which has fallen by 30 % in the same period.

still in April, the cheapest ape Back then cost 152 ETH or $ 429,000

In the last 24 hours, Mutant Ape Yacht Club, Terraforms, Otherdeed, Moonbirds and Cryptopunks see all trading volumes increasing by more than 50 %. Some of them were sold for millions of dollars at the beginning of this year.

The NFT index, which depicts the performance of non-fungible tokens on the market and is based on the circulating offer, fell by 23 % on the last day, dappradar Show.

separated data shows that the NFT marketplace OpenSea recorded the best trading volume on its platform on the last day and a sales jump of 173 million US dollar recorded.

This loss of value is carried out during a market crisis, which was partially driven by the recent consumer prize in the Friday, which arrived 8.6 % in May .

Bitcoin was last traded at around $ 22,513 on Tuesday at 2:30 a.m. and has fallen by more than 50 % since the beginning of the year.

"Bitcoin bears are certainly in turmoil mode and insult the greatest crypto, as a schoolyard rüel is looking for to torture the same simple brand," said Rich Blake, financial advisor at Uphold.

"As far as the level of support is concerned, digital assets will certainly put the next few days to the test if a faster pace of tightening and more aggressive interest rate increases are announced. At the moment, extreme market conditions and updates of FED policy.

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The contribution Bored Ape Yacht Club NFT Prices are not falling together with the market is no financial advice.