{"id":11399,"date":"2024-11-10T20:13:24","date_gmt":"2024-11-10T20:13:24","guid":{"rendered":"https:\/\/cryptd.in\/iconic-nft-collection-cryptopunks-reigns-in-market-share-amid-bayc-decline-report\/"},"modified":"2024-11-10T20:13:24","modified_gmt":"2024-11-10T20:13:24","slug":"iconic-nft-collection-cryptopunks-reigns-in-market-share-amid-bayc-decline-report","status":"publish","type":"post","link":"https:\/\/cryptd.in\/pt\/iconic-nft-collection-cryptopunks-reigns-in-market-share-amid-bayc-decline-report\/","title":{"rendered":"Iconic NFT Collection CryptoPunks Reigns in Market Share Amid BAYC Decline: Report"},"content":{"rendered":"

The iconic NFT collection CryptoPunks appears to be making a comeback this year amidst the ongoing NFT bear market.<\/p>\n

According to CoinGecko, the CryptoPunks collection currently leads the NFT market with a 30.9% share among the top collections, a position it solidified after surpassing Bored Ape Yacht Club (BAYC) in May 2023.<\/p>\n

CryptoPunks Sees Resurgence But BAYC Loses Ground<\/h2>\n

At the beginning of 2022, CryptoPunks<\/a> held a 24.8% share, trailing BAYC\u2019s 29.3% lead. Though it briefly overtook BAYC in November 2022, CryptoPunks soon fell back to second but kept a close gap, finally reclaiming the top spot in May 2023 due to its more stable floor price. Between 2022 and today, its dominance ranged from a low of 14.0% in May 2022 to a peak of 36.6% in January 2024.<\/p>\n

However, CryptoPunks achieved a rare feat by increasing its market share by 10% in a single year, growing from 23.6% to 33.6% in 2023. Despite a slight decline since the start of this year, CryptoPunks remains the largest NFT collection, holding over 29.5% of the market \u2013 more than double any other collection\u2019s share.<\/p>\n

Yuga Labs\u2019 flagship BAYC, on the other hand, has seen<\/a> a notable decline in market dominance, falling from a 29.3% peak in January 2022 to 12.8% in October 2024, with its floor price also significantly down from its May 2022 high. This drop reflects the challenges faced by PFP NFTs due to oversupply and high prices.<\/p>\n

Mutant Ape Yacht Club (MAYC) similarly lost market share, sliding from 8.5% to 4.1% and dropping in rank. Otherdeed for Otherside, BAYC\u2019s metaverse land NFT, also saw its initial strong market presence fade, falling from 4th to below the top 10 rankings by mid-2023.<\/p>\n

Pudgy Penguins and Milady Maker Rise<\/h2>\n

Meanwhile, Pudgy Penguins and Milady Maker have seen a steady uptrend. Pudgy Penguins first entered the top 10 NFT collections in September 2023 with a 2.7% market share and has since seen its dominance grow to 9.5% by October 2024.<\/p>\n

Milady Maker, too, joined the top 10 in August 2023 with a 2.5% share and has maintained its place since April 2024, gradually increasing its market share to 4.5% by October.<\/p>\n

\n

\u201cThe rise of Pudgy Penguins and Milady Maker is particularly notable in the wake of \u2018blue chip\u2019 NFT price crashes that saw 6 PFP collections drop out of the top 10 rankings \u2013 Moonbirds, Veefriends, Doodles, Meebits, World of Women and Cool Cats.\u201d<\/p>\n<\/blockquote>\n

A publica\u00e7\u00e3o Iconic NFT Collection CryptoPunks Reigns in Market Share Amid BAYC Decline: Report<\/a> apareceu primeiro em CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

The iconic NFT collection CryptoPunks appears to be making a comeback this year amidst the ongoing NFT bear market. According to CoinGecko, the CryptoPunks collection currently leads the NFT market with a 30.9% share among the top collections, a position it solidified after surpassing Bored Ape Yacht Club (BAYC) in May 2023. CryptoPunks Sees Resurgence […]<\/p>\n","protected":false},"author":0,"featured_media":11400,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11399","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"\nIconic NFT Collection CryptoPunks Reigns in Market Share Amid BAYC Decline: Report - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/pt\/iconic-nft-collection-cryptopunks-reigns-in-market-share-amid-bayc-decline-report\/\" \/>\n<meta property=\"og:locale\" content=\"pt_PT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Iconic NFT Collection CryptoPunks Reigns in Market Share Amid BAYC Decline: Report - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"The iconic NFT collection CryptoPunks appears to be making a comeback this year amidst the ongoing NFT bear market. According to CoinGecko, the CryptoPunks collection currently leads the NFT market with a 30.9% share among the top collections, a position it solidified after surpassing Bored Ape Yacht Club (BAYC) in May 2023. 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