{"id":327584,"date":"2023-07-15T11:00:54","date_gmt":"2023-07-15T05:30:54","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=327584"},"modified":"2023-07-14T23:30:43","modified_gmt":"2023-07-14T18:00:43","slug":"bayc-rises-from-the-ashes-as-it-defies-expectations-by-hitting-this-record","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/bayc-rises-from-the-ashes-as-it-defies-expectations-by-hitting-this-record\/","title":{"rendered":"BAYC rises from the ashes as it defies expectations by hitting this record"},"content":{"rendered":"<ul>\n<li><em><span style=\"font-weight: 400;\">Bored Ape #1734 sold recently for 600 ETH.<\/span><\/em><\/li>\n<li><em><span style=\"font-weight: 400;\">The BAYC collection saw an over 8% increase in floor price as it topped daily rankings.<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Just weeks ago, the BAYC collection experienced a significant drop in its floor prices, reaching an all-time low. This decline caused many onlookers to proclaim the demise of NFTs. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, in a remarkable turn of events, a recent transaction involving one of the NFTs from the collection managed to fetch a staggering sum of over $1 million. Are NFTs rising from the ashes?<\/span><\/p>\n<h3><b>BAYC NFT commands record sale<\/b><\/h3>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/twitter.com\/nftnow\/status\/1679562656183713792?t=kLJHWlrwAcO1y0dLNKd5Qw&amp;s=19\" target=\"_blank\" rel=\"noopener\">Recent reports<\/a> have brought attention to a remarkable event within the <a href=\"http:\/\/ambcrypto.com\/bayc-floor-price-crashes-to-two-year-lows-the-beginning-of-a-rebound\/\" target=\"_blank\" rel=\"noopener\">BAYC<\/a> collection. One particular NFT, Bored Ape #1734, achieved an extraordinary sale, commanding a price of 600 ETH, equivalent to roughly $1.2 million, on 13 July.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> This notable transaction provided a much-needed boost to the collection and the broader NFT market, which had been grappling with a bearish trend.\u00a0<\/span><span style=\"font-weight: 400;\">Nevertheless, amidst the excitement, some reservations emerged, with certain commentators raising concerns about the sale&#8217;s legitimacy and labeling it a &#8220;wash trade.&#8221;<\/span><\/p>\n<h3><b>How the stats stack up<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Analyzing the analytics of the <a href=\"http:\/\/ambcrypto.com\/mayc-bayc-and-other-nfts-take-a-hit-will-ape-follow-suit\/\" target=\"_blank\" rel=\"noopener\">BAYC<\/a> collection on <a href=\"https:\/\/opensea.io\/collection\/boredapeyachtclub\/analytics\" target=\"_blank\" rel=\"noopener\">OpenSea<\/a> revealed a mixed bag of positive and negative statistics. Among the notable positives was the upward trajectory of the floor price. It had witnessed an impressive 8% increase over the past seven days. The average floor price was nearly 35 ETH, a significant improvement from approximately 32 ETH just a week ago.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, the collection faced challenges in terms of volume and sales, as both indicators have experienced a substantial decline. Volume plummeted by a staggering 91%, while sales have seen a significant downturn of 92%. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">These figures highlighted a notable decrease in activity within the collection. While the floor price surge is undoubtedly encouraging, the significant drops in volume and sales suggest a more subdued market for the BAYC collection in recent times.<\/span><\/p>\n<h3><b>BAYC collection tops daily rankings<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">According to data provided by <a href=\"https:\/\/dappradar.com\/rankings\/nft\/collections\" target=\"_blank\" rel=\"noopener\">DappRadar<\/a>, the BAYC collection emerged as a frontrunner among NFT collections based on various daily metrics. As of this writing, the average price has surged by an impressive 80%, signifying a notable increase in value. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Additionally, the market cap experienced a rise of nearly 5%, reflecting growing investor interest. The volume of transactions also saw a substantial boost, with an impressive growth rate of over 82%.<\/span><\/p>\n<figure id=\"attachment_327610\" aria-describedby=\"caption-attachment-327610\" style=\"width: 1515px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-full wp-image-327610\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/BAYC-ranking.png\" alt=\"BAYC daily ranking\" width=\"1515\" height=\"780\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/BAYC-ranking.png 1515w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/BAYC-ranking-300x154.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/BAYC-ranking-1024x527.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/BAYC-ranking-768x395.png 768w\" sizes=\"(max-width: 1515px) 100vw, 1515px\" \/><figcaption id=\"caption-attachment-327610\" class=\"wp-caption-text\">Source: DappRadar<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Moreover, DappRadar highlighted that the recent sale of Bored Ape #1734 is the highest recorded sale in the past 30 days across all NFT collections. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This significant transaction generated considerable anticipation about whether it will ignite a positive trend for the <a href=\"http:\/\/ambcrypto.com\/is-faith-in-bayc-withering-as-diamond-hands-begin-widespread-selloff\/\" target=\"_blank\" rel=\"noopener\">BAYC<\/a> collection and the wider NFT space. The upcoming weeks will likely provide further clarity on this matter.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amidst concerns of NFTs&#8217; demise, the BAYC collection astounds with a record-breaking sale and a surge in daily rankings, signaling a potential revival for the market.<\/p>\n","protected":false},"author":76,"featured_media":327611,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[66,3,4029,4,20],"tags":[],"class_list":["post-327584","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-news","category-news","category-nft","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>BAYC rises from the ashes as it defies expectations by hitting this record - 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