Azuki

hiBEANZ

Ordinal Bored Ape Yacht Club

In the fast-paced world of non-fungible tokens (NFTs), a recent analysis revealed intriguing insights into the sales and trends of leading collections. Azuki collection had the highest sales, while the Elementals collection caused prices to drop significantly for all collections. The NFT market continues to face volatility, with collectors seeking new opportunities and reacting to shifting trends.According to <a href="https://www.nansen.ai/" rel="noopener noreferrer nofollow">Nansen</a>, an analytics platform specializing in blockchain data, the average daily price of NFTs plummeted by over 50% since the Elementals mint. This downward trend affected many collections, but none felt the impact as severely as Beanz, a prominent NFT collection. However, the Azuki collection stood out as the top performer in terms of sales volume, fueled in part by the fallout from the Elementals debacle.Furthermore, the Bored Ape Yacht Club (BAYC), a highly popular NFT collection, recently experienced a decline in its floor price, dropping below 30ETH. This event underlined a growing trend where diminishing trading volume and falling floor prices affected NFT collections of all sizes, including major and minor market players.In response to these developments, Twitter users engaged in a lively discussion about the state of the NFT market. Some argued that the number of Azukis being pulled out of loans, which were not recorded on-chain, was significant and might have affected the overall sales figures. Additionally, a few BAYC holders who had experienced the highs and lows of the market chose to sell their NFTs, capitalizing on impressive gains.Read full article at <a href="https://cryptotale.org/shifting-dynamics-in-nft-market-azuki-rises-amidst-elemental-fallout/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Shifting Dynamics in NFT Market: Azuki Rises Amidst Elemental Fallout

CryptoTale

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