FxBrokerReviews.org – The Bored Ape Yacht Club (BAYC) is a group of NFTs. Today’s Bored Ape Yacht Club (BAYC) price floor is $64,598.63, with a 455.08 ETH 24-hour sales volume. There have been 9998 NFTs issued, held by 6398 different owners, and valued at $645,857,147.39.
The 10,000 unique Bored Ape NFTs that make up the Bored Ape Yacht Club are one-of-a-kind digital collectables stored on the Ethereum blockchain. Your Bored Ape serves as your membership card and key to the Yacht Club’s exclusive perks. ApeCoin, which can be found at https://www.coingecko.com/en/coins/apecoin, is the ecosystem token for the BAYC project. 10,094 APE tokens are given to BAYC NFT holders each NFT.
Also read: Before You Buy Your First NFT Art And Collection!
Is Bored Ape A Good Investment?
Even though Bored Apes are some of the most sought-after NFTs in the market, investing in them is still somewhat speculative. They only have a few applications, and prices could drop anytime. However, there is still a chance that they will find it appealing. It might be a good alternative if you’re willing to accept the substantial investment and high level of risk.
Also read: How To Make Your Art An NFT?
Price History Of Bore Ape NFT
In April 2021, Bored Apes debuted with an initial mint price of 0.08 ETH, or roughly INR 15,335.
The price for the least expensive NFT in a collection, known as Apes’ floor pricing, has varied dramatically.
Nearly a year after the collection’s debut, it reached its high in April 2022 at about INR 3,35,46,300. However, the BAYC floor price has decreased amid the crypto bear market and is currently 72 ETH, or around INR 87,85,935. It has reduced by more than 70% in just five months. Rarer apes frequently fetch prices in the millions of rupees. For instance, on August 18, BAYC No. 5383 sold for 777 ETH, or approximately INR 112 million. The primary factor behind its exorbitant cost is the rarity of gold fur. The most expensive ape ever sold, BAYC No. 8817, which cost INR 271 million at Sotheby’s “Natively Digital 1.2: The Collectors,” also has gold fur.
It’s also crucial to remember that BAYC and the majority of the other largest NFT collections are denominated in Ethereum, exposing them to the price volatility of ETH relative to fiat currencies and the volatility of the floor price itself.
Bored Ape NFT Price Chart
165 NFTs for the Bored Ape Yacht Club have been sold in the past week. Bored Ape Yacht Club generated total revenues of $13.95M. One Bored Ape Yacht Club NFT costs an average of $84.5k. There are 6,398 Bored Ape Yacht Club owners, and there are 9,998 tokens available in total. BAYC Market Statistics
Bored Ape Yacht Club Floor Price Today
|BAYC Floor Price||54.5455 ETH|
|Market Cap||545,345.909 ETH|
|24h Volume||455.0823 ETH|
Bored Ape NFT Price Cheapest
Data from NFT Price Floor shows that as of this writing, the “floor price” for Bored Ape Yacht Club NFT is listed as 57.5 ETH, or approximately $76,400. That represents a 7% decrease over the previous day in ETH. But when expressed in USD, it has dropped about 24% in the last day due to the dropping value of ETH (which is down 13% this week).
Bored Ape NFT Price Highest
Bored Ape #8817, which sold for the astounding price of $3.4 million, was the most expensive BAYC NFT. Although it isn’t the rarest NFT in the collection (Rarity Tools lists it as the 17th rarest), its unusual qualities make it desirable.
Bored Ape Yacht Club Price Prediction
The BAYC floor price may retest its all-time high (ATH) of over 100 ETH, reaching in February 2022 when it hits 118 ETH if the NFT bull market resumes. It might be necessary for Bitcoin first to reclaim $45,000, functioning as resistance, and Ethereum to reclaim $4000 once more.
The second Bitcoin halving in 2024 is a significant bullish event on the horizon, even if the cryptocurrency markets require some time to stabilise and trade sideways in 2022–2023, given the current political atmosphere with the Ukraine–Russia crisis and a selloff in stocks.
In the past, the last Bitcoin halving events have been followed by a bullish impulse. The most recent Bitcoin halving helped ignite the 2021 bull run from about $10k to $65k.
Also read: How Does NFT Work And Which Are The Marketplaces You Can Trust?
You don’t have to participate in the Bored Ape Yacht Club or any of its sister projects if you don’t like the idea behind them or how costly they are because there are so many other amazing artists and people in this sector. Numerous more collections will see the same success as Bored Ape Yacht Club. Simply seeing the first indications of the next great thing and jumping on board early will do.