The Resurgence of NFT Collections
Non-fungible token (NFT) collections, once thought to be a thing of the past, are making a comeback. Surprisingly, they are experiencing a resurgence in popularity that many crypto experts and traders did not foresee. Here are some of the top-selling NFT collections this week:
Bored Ape Yacht Club NFTs
The Bored Ape Yacht Club, a collection from Yuga Labs with 10,000 NFTs, is leading the pack this week. With a trading sales volume of 1,876 ETH in the past 24 hours, it boasts a market cap of $601 million and a floor price of $60,134.
The Captainz NFTs
Memeland’s The Captainz, featuring 9999 NFTs hosted on the Ethereum network, is the second best-selling collection with a trading sales volume of 530 ETH. It has a market cap of $95 million and a floor price of $9,589.
Mutant Ape Yacht Club NFTs
Another creation from Yuga Labs, Mutant Ape Yacht Club has 20,000 NFTs and recorded a trading sales volume of 483 ETH. It has a market cap of $220 million and a floor price of $11,267.
Mad Lads NFT Collection
The Mad Lads collection from Backpack with 10,000 NFTs hosted on the Solana network has recorded a trading sales volume of 12,288 SOL. It has a market cap of $53 million and a floor price of $5,330.
CryptoPunks NFT Collection
CryptoPunks by Larva Labs features 10,000 NFTs hosted on the Ethereum network and has recorded a trading sales volume of 366 ETH. It has a market capitalization of $1.1 billion and a floor price of $115,188.
Hot Take: The Rebirth of NFT Collections
The resurgence in popularity for NFT collections is proof that trends in the crypto world can change rapidly. The top-selling collections this week have shown that there is still significant interest and value in these digital assets. As more collectors and investors flock to these NFTs, it’s clear that they are far from being obsolete.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.