Up by 2% during the last seven days, the Blue Chip Index revealed some progress within the efficiency of Blue Chip NFTs over the previous week.
In accordance with NFTGo, the Blue Chip Index is calculated by weighing the market capitalization of Blue Chip NFT collections to find out their efficiency.
So, let’s take a better take a look at the efficiency of the highest two Blue Chip NFT collections – Bored Ape Yacht Membership (BAYC) and CryptoPunks – over the aforementioned interval.
BAYC is king?
Just a few weeks in the past, the sustained downturn within the normal cryptocurrency market compelled the Ethereum ground worth of the BAYC NFT assortment to drop to 65 ETH.
In accordance with information from NFT Floor Price, this represented the bottom degree the NFT challenge touched because the starting of the yr. With a worth of 72.5 ETH at press time, BAYC’s ground worth appreciated by 7% during the last seven days.
Supply: NFT Value Ground
Although Ethereum (ETH) shed 7% of its worth over the aforementioned interval, BAYC noticed an uptick in its gross sales quantity. In accordance with information from NFTGo, BAYC gross sales totalled $13.54 million, due to this fact, rising by 11.58% inside the 7-day interval.
Nevertheless, regardless of the expansion in gross sales quantity for the Blue Chip NFT assortment, its market capitalization didn’t log any progress. As an alternative, it declined by 0.45%.
Supply: NFTGo
Moreover, 101 gross sales transactions involving BAYC NFTs had been accomplished inside the 7-day interval. This represented a 7.45% rally within the assortment’s gross sales depend inside that interval.
Other than gross sales, the variety of transactions to ship or obtain NFTs from the gathering additionally went up by 36%. Moreover, BAYC’s liquidity charge, which measures the relative liquidity of the NFTs assortment, hiked by 7% too.
Supply: NFTGo
You simply bought punked!
Throughout the interval below evaluation, the CryptoPunks NFTs assortment fared otherwise. Whereas its ground worth grew by simply 1% within the final seven days, it has fallen constantly by 3.52% over the previous two weeks.
Supply: NFT Value Ground
With solely $2.73 billion registered in gross sales during the last week, gross sales quantity for CryptoPunks plummeted by 35%. Like BAYC, its market capitalization additionally fell by 2% on the charts.
Supply: NFTGo
As well as, the gathering’s gross sales depend fell by 18% inside the interval below evaluation. With solely 102 despatched and acquired transactions accomplished inside the 7-day interval, a 27% decline was logged on this regard.
With a determine of 0.26% recorded as liquidity during the last seven days, the gathering’s liquidity charge dropped by 19%.
Supply: NFTGo
Thus far this yr, the ground worth for CryptoPunks NFTs has dropped by about 20%, information from NFT Price Floor revealed.
Even so, it continues to steer your complete pack by holding a 9.59% share of your complete NFT market.
Supply: NFTGo
