Bored Ape Yacht Club NFT Plummets 189%, Hits Lowest Point Since August 2021

The decrease in BAYC’s minimum price reflects a wider trend of decreased interest in various NFT collections such as Milady, MoonBirds, Azuki, and Doodles, all of which have experienced declines in value in recent months. The extended period of low activity in the NFT market, combined with the fluctuating prices of Ethereum, has added to the negative impact on the overall worth of these assets. However, there is now a positive shift in Ethereum’s trajectory, as it has reached a price of $3,770.