Adidas

April

Bored Ape Yacht Club (BAYC) nonfungible tokens (NFTs) have taken quite a plunge lately, with their floor price <a href="https://nftpricefloor.com/bored-ape-yacht-club" target="_blank" rel="noreferrer noopener" data-wpel-link="external">dropping</a> by over 90% from its peak to just 11.1 Ether (ETH) — the lowest it’s been since August 2021. This puts BAYC on the brink of dipping below the 10 ETH mark, a significant milestone. 
<img loading="lazy" loading="lazy" decoding="async" src="https://lh7-us.googleusercontent.com/QogGBa1pMSxGvr7uE_om8SKqU5dlQg79AAyYoh1inAu0r4xvIlcrgLKusoQdCKXYosVi2Yi2RZJLrpykkNMyXaRCt3cE8mZPWg2tqtzRvEHHpfKhccu4g_CvHDyeDI6OTUWrps8mocfuEFJaJ7DqH5s" width="624" height="323" alt=""> 
Image Source: NFT Price Floor (BAYC’s change since August 2021 in NFT floor price) 
Since March 1 alone, BAYC has seen a staggering 50% decrease in its floor price, bringing it back to where it was only four months after its launch in April 2021.&nbsp; 
The project, backed by Yuga Labs, reached a peak floor price of 128 ETH on May 1, 2022, but has since experienced a notable decline in popularity, mirroring a broader trend in the digital art NFT space. 
Despite this overall downtrend, it’s worth mentioning that certain BAYC NFTs continue to command impressive prices well above the floor.&nbsp; 
Take, for instance, the sale of BAYC #830, which fetched a whopping 504.3 ETH (equivalent to $1.92 million at the time) last month. Additionally, several other rare items have recently sold for over 30 ETH each. 
So, while the floor price paints a picture of decline, there’s still significant value and interest in selected BAYC NFTs, showcasing the diversity and dynamic nature of the market. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/f-gcqI_cZcm37scmMfgbR5I9YLm4WPNygRZ8stcw0iVgYtTBbgYjVlxN4GRK5y5BY-apDULM3ZBDeLkQbSR5lVB_3VzgMx9SddD0qptpYmv2B7wL2Tw8ZwBKHacpUyrc8QMwZCM540oAWelN8dvrMOs" alt="f gcqI cZcm37scmMfgbR5I9YLm4WPNygRZ8stcw0iVgYtTBbgYjVlxN4GRK5y5BY">
</figure> 
Image Source: NFT Price Floor ( 90 days’ top BAYC sales) 
CryptoPunks, the largest NFT collection by market capital, also fell from its top floor by 64%, 113.9 Ether. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/04/15/adidas-teams-up-with-stepn-for-nfts-merchandise-collection/" target="_blank" rel="noreferrer noopener" data-wpel-link="internal">Adidas Teams Up with STEPN for NFTs, Merchandise Collection</a> 
</blockquote>

BAYC NFT’s Floor Price Drops 90%, Lowest in 2.5 years

The Crypto Times

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