The price of the NFT Bored Ape Yacht Club (BAYC) collection has fallen to its lowest level since the beginning of 2022, reports Finance.ua. Finance.ua.
This happened against the background of a prolonged decline in the NFT market and the general collapse of the cryptocurrency market. Trading for 65.68 ETH, the minimum price of NFT Bored Ape Yacht Club fell to an indicator that has not been seen since January 2022. According to CoinGecko, it has a downtrend after reaching a historic high of 153.7 ETH on May 1.
BAYC remains the largest NFT collection with a market capitalization of 656,800 ETH, slightly above its closest competitor, CryptoPunks (whose total market capitalization reaches 655,000 ETH).
However, this is not all bad news for owners of Bored Apes. The fluctuation in the price of Ethereum means that in dollar terms, the minimum price of BAYC today is about $ 107,000. This is significantly lower than at the beginning of 2022, when the token cost a little less than $ 256,000.
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