{"id":13651,"date":"2022-08-22T00:29:50","date_gmt":"2022-08-22T00:29:50","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/cryptopunks-and-bayc-floor-values-go-head-to-head-as-the-punks-briefly-surpass-bored-apes-news-bitcoin-news\/"},"modified":"2022-08-22T00:29:50","modified_gmt":"2022-08-22T00:29:50","slug":"cryptopunks-and-bayc-floor-values-go-head-to-head-as-the-punks-briefly-surpass-bored-apes-news-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/cryptopunks-and-bayc-floor-values-go-head-to-head-as-the-punks-briefly-surpass-bored-apes-news-bitcoin-news\/","title":{"rendered":"Cryptopunks and BAYC Floor Values Go Head-to-Head, as the Punks Briefly Surpass Bored Apes \u2013 News Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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On Sunday, August 21, 2022, the floor value of the Cryptopunks non-fungible token (NFT) collection briefly surpassed the Bored Ape Yacht Club (BAYC) NFT collection\u2019s floor value. While it\u2019s not by a huge amount, at the time, Cryptopunks floor was \u200b\u200b66.45 ether, while BAYC\u2019s least expensive NFT was 64.99 ETH<\/a>.<\/strong><\/p>\n

Cryptopunks Reclaims the Throne It Held Last Year by Flipping BAYC\u2019s Floor Value<\/h2>\n

Non-fungible token (NFT) sales are not doing so well this week as sales are down 18.75% lower than the week prior\u2019s sale volume, according to cryptoslam.io statistics. Bored Ape Yacht Club (BAYC) holds the top sales this week with $15,087,189 million in sales, up 61.47% higher than last week.<\/p>\n

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\ud83d\udc40 pic.twitter.com\/NOprcn7Vja<\/a><\/p>\n

\u2014 Nick Tomaino (@NTmoney) August 20, 2022<\/a><\/p>\n<\/blockquote>\n

While Cryptopunks is the sixth largest collection in terms of this week\u2019s NFT sales with $4,517,133<\/a> in sales this week, sales are down 52.38% lower than the week prior. Despite the lower number of sales this past week, Cryptopunks has briefly managed to flip BAYC in terms of floor value.<\/p>\n

On August 21, at 1:45 p.m. (EST), Cryptopunks\u2019 floor value was 66.45 ETH<\/a> or $107,866. BAYC\u2019s floor value slipped down to 64.99 ETH<\/a> or $105,623 at that time. The head-to-head action has been going on for most of the day, and later in the afternoon, BAYC managed to regain the top floor.<\/p>\n

\"Cryptopunks
At 1:45 p.m. (EST), the floor value of the Cryptopunks NFT collection briefly surpassed the Bored Ape Yacht Club NFT collection\u2019s floor value. BAYC managed to regain the top position by 4:00 p.m. (EST) on Sunday afternoon.<\/figcaption><\/figure>\n

NFT floor values are a whole lot different than they were 26 days ago on July 26, 2022<\/a>. At that time, BAYC had the top floor value with 82 ether as it was the least expensive BAYC on that day. Cryptopunks NFTs were in second place that day, as the floor value was 73.95 ETH<\/a> on July 26. In fact, statistics from archive.org shows BAYC has held the top floor value week over week for months on end.<\/p>\n

\"Cryptopunks
The Block Crypto\u2019s Floor Price of Popular NFTs chart on August 21, 2022.<\/figcaption><\/figure>\n

The head-to-head competition today follows Yuga Labs releasing<\/a> the Cryptopunks and Meebits intellectual property licenses last week. The new licenses make it so Cryptopunks and Meebits owners can use their NFTs for commercial or personal purposes. The company\u2019s BAYC NFTs also have a license for NFT owners, but Galaxy Digital research claims<\/a> the license covering BAYC, MAYC, and BAKC NFTs contains critical contradictions.<\/p>\n

While Cryptopunks temporarily flipped BAYC\u2019s floor value on August 21, the opposite took place on December 22, 2021. At that time the lowest BAYC was 53.9 ETH<\/a> while the lowest valued Cryptopunk was 52.69 ETH<\/a>. After BAYC flipped Cryptopunks at the end of last year, however, it has maintained dominance in terms of being the top floor value. Except on a few occasions, the NFT collection PROOF Collective has briefly flipped BAYC.<\/p>\n

Following the brief flippening early Sunday afternoon, BAYC managed to regain the top position and by 4:00 p.m. (EST), BAYC\u2019s floor was 68.48 ETH<\/a>, while Cryptopunks floor was 66.45 ETH<\/a>. While BAYC\u2019s market valuation at the time of writing is $1.11 billion, Cryptopunks\u2019 market valuation is now roughly $1.07 billion. At 5:30 p.m., BAYC\u2019s floor was 68.48 ETH<\/a> and Cryptopunks floor was 66.45 ETH<\/a>.<\/p>\n

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\nTags in this story
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BAKC<\/a>, BAYC<\/a>, BAYC sales<\/a>, Bored Ape<\/a>, Bored Ape Yacht Club<\/a>, Bored Apes flipping Punks<\/a>, cryptopunks<\/a>, December 2021<\/a>, Flippening<\/a>, Flipping<\/a>, floor<\/a>, Floor Values<\/a>, Galaxy Digital Research<\/a>, MAYC<\/a>, nft<\/a>, NFT sales<\/a>, NFTs<\/a>, Non-fungible token sales<\/a>, Non-fungible tokens<\/a>, Proof Collective<\/a>, punks flipping Bored Apes<\/a><\/div>\n<\/div>\n

What do you think about Cryptopunks briefly flipping BAYC\u2019s floor value on August 21, 2022? Do you think the head-to-head action will last long? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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