The Current State of the Non-Fungible Token Market
The non-fungible token (NFT) market is currently experiencing a downturn, with many NFTs seeing their prices fall by over 50%. This is due to the overall decline in the crypto market and growing investor doubts about the future of cryptocurrencies. However, despite this market dump, there are still some NFTs that are selling well.
Top Selling NFTs
- Bored Ape Yacht Club NFTs: This NFT collection from Yuga Labs has attracted a trading sales volume of 2,885 ETH in the past 24 hours. It has a market capitalization of $595 million and a floor price of $59,558.
- Azuki NFTs: This NFT collection from Chiru Labs has attracted a sales volume of 2,428 ETH in the past 24 hours. It has a market capitalization of $138 million and a floor price of $13,869.
- Mutant Ape Yacht Club NFTs: This NFT collection from Yuga Labs has recorded a trading sales volume of 2,205 ETH in the past 24 hours. It has a market capitalization of $234 million and a floor price of $12,025.
- DeGods NFTs: This NFT collection has attracted a trading sales volume of 1,003 ETH in the past 24 hours. It has a market capitalization of $136 million and a floor price of $15,463.
- Azuki Elementals NFTs: This new NFT collection from Chiru Labs has recorded a trading sales volume of 898 ETH in the past 24 hours. It has a market capitalization of $28 million and a floor price of $2,328.
Wall St Bulls NFT Project
In addition to the top selling NFTs, the Wall St Bulls NFT project has been gaining traction recently. Launched by the Wall Street Memes crypto community, this project has seen over $12 million in presale sales in just a few weeks.
Hot Take
The NFT market may be experiencing a downturn, but there are still NFTs that are selling well. It’s important for investors to carefully consider their options and do their research before investing in NFTs. The market is constantly changing, and what may be popular now may not be in the future.
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