Blue-Chip NFTs fell in value, but this Ape proved its mettle in the final days of 2022

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  • Blue Chip Index declined consistently successful 2022
  • BAYC displaced CryptoPunks to adjacent the twelvemonth arsenic the NFT postulation with the largest marketplace capitalization

Closing 2022 astatine an scale of 9,248 ETH, Blue Chip NFTs suffered a driblet successful value, information from NFTGo revealed. 

Blue Chip NFTs are a subcategory of the broader NFT marketplace that is considered to beryllium of precocious prime and value. Examples see Bored Ape Yacht Club [BAYC], Mutant Ape Yacht Club [MAYC], Crypto Punks, and Meebits.

According to NFTGo, the Blue Chip Index is calculated by weighing the marketplace capitalization of Blue Chip NFT collections to find their performance. In 2022, Blue Chip Index fell by 36%. 

The diminution successful the worth of Blue Chip NFTs successful 2022 mirrored the wide marketplace sentiment towards NFTs. This was due to the fact that galore viewed these integer collectibles arsenic luxury items during a bull marketplace alternatively than unchangeable and inflation-proof concern vehicles.

Source: NFTGo

BAYC ended the twelvemonth arsenic a leader

Per information from NFTGo, successful the archetypal fractional of 2022, CryptoPunks temporarily led the NFT vertical arsenic the postulation with the highest marketplace capitalization, arsenic it held a 10% stock of the full NFT marketplace capitalization. However, towards the extremity of 2022,  its worth declined steadily, and BAYC replaced it.

According to NFTGo, BAYC closed 2022 with a marketplace capitalization of $830 million. The NFT postulation gained an 8.12% stock of the full NFT marketplace capitalization. 

Source: NFTGo

The integer collection, however, saw a steep autumn successful worth successful 2022. According to CoinGecko, the NFT postulation commenced 2022 astatine a level terms of 60 ETH.

Seeing accrued trading measurement successful Q1, its level terms rallied to highest astatine 153.7 ETH connected 1 May. However, it declined steadily since this claiming high, and a BAYC sold for 71 ETH connected 31 December. 

Source: CoinGecko

Further, adjacent though BAYC closed 2022 arsenic the NFT postulation with the largest marketplace capitalization, its marketplace capitalization fell by 38% during the year. 

Furthermore, the regular income measurement peaked astatine $112 cardinal connected 28 April earlier embarking connected a southward movement.

Source: NFTGo

According to CryptoSlam, BAYC suffered the astir driblet successful income measurement successful October 2022. Within the 31-day period,  lone 317 income transactions that totaled $31 cardinal were completed.

Source: CryptoSlam

So acold this year, 17 BAYC income transactions person been completed. Sales measurement was up by 51% successful the past 24 hours, and the aforesaid totaled $1.37 million, placing it intimately down Otherdeed with a income measurement of $1.87 million.

Abiodun is simply a full-time writer moving with AMBCrypto. He is besides a lawyer with implicit 2 years of experience. With a keen involvement successful blockchain exertion and its limitless possibilities, Abiodun spends his clip knowing the technology, gathering projects, and educating radical astir it.

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