Over the past five days, non-fungible tokens (NFTs) originating from Cryptopunk’s NFT collection have surpassed Bored Ape Yacht Club (BAYC) NFTs in terms of floor value. Statistics over the past ten days show that the floor value of Cryptopunk’s NFTs stayed above the 60 ether zone, while BAYC based NFT floor values fell below the 60 ether area.
Cryptopunk Floor Values Race Ahead of Bored Ape NFTs
Statistics recorded on Tuesday, November 15, 2022 indicate that Cryptopunk’s NFTs are now more valuable than Bored Ape Yacht Club (BAYC) NFTs, in terms of floor values. As of 8:00 PM (ET) on Tuesday, the lowest valued Cryptopunk is around 66.50 Ether which is equivalent to 83,027 nominal US Dollars.
At the same time, BAYC’s current floor value is 58.50 ETH, which equates to $73,039 using current ethereum (ETH) exchange rates. Ten days ago, BAYC’s floor value on November 5, 2022 was around 78 ether according to nftpricefloor.com statistics stored on archive.org.
Furthermore, on the same day Cryptopunk’s NFT floor was 66.70 Ether, but on November 5, ETH changed hands at $1650 per unit. Ten days later, ethereum’s USD value per unit is $1,253 or more than 24% lower on November 15th.
In early August 2021, Cryptopunk’s floor exceeded BAYC’s floor until the first week of January 2022. Minus a few brief occasions and this week’s occurrence, BAYC’s floor has been higher than Cryptopunk’s for most of 2022.
Bitcoin.com News reported on Cryptopunks temporarily scaling past BAYC’s floor on August 21, 2022. At the time, NFT floor values from both pools were above the 64 ether range and ETH was trading at approximately $1,610 per unit.
This week’s NFT sales across the board are down 24% from last week’s NFT sales. $114.81 million in NFTs were sold this week, with the BAYC collection leading the way in terms of sales.
Out of 88 total transactions, $6,443,320 in BAYC sales were recorded in the last seven days, according to cryptoslam.io statistics. Cryptopunks held last week’s third position in terms of sales with $1,057,812 in sales over 12 total transactions.
Both blue-chip NFT collections represented 8.51% of Ethereum’s total sales of $88.10 million over the past seven days. BAYC’s all-time sales equate to $2.50 billion in sales, while Cryptopunks has accumulated $2.42 billion in sales.
Today, Cryptopunks and BAYC NFTs still lead the pack when it comes to the most expensive floor values in the NFT realm. Notable prize contenders this week include Where My Vans Go NFT, QQL Mint Pass, Mutant Ape Yacht Club (MAYC), Azuki and DigiDaigaku NFT.
As of Tuesday evening (ET), Cryptopunks has a total market cap of around 665,000 ether ($837.52 million) based on the current floor price. BAYC NFTs, on the other hand, have a market cap estimated to be around 579,000 Ether or $729.18 million.
What do you think about the floor value of Cryptopunk’s NFTs surpassing BAYC’s floor values? Let us know your thoughts on this topic in the comments section below.
Image credit: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or an endorsement or recommendation of products, services or companies. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on content, goods or services mentioned in this article.