Bored Ape NFT Prices Tank to August 2022 Levels, Down 90% From Peak

[ABCbits]

Bored Ape NFT Prices Tank to August 2022 Levels, Down 90% From Peak

Digital artwork that was once the talk of the town is now selling at a 90% haircut compared to prices during its peak popularity in 2021, showcasing the fragility associated with viral crypto trends.

The minimum price of the non-fungible token (NFT) collection, Bored Apes Yacht Club (BAYC), is just over 10 ether (ETH) as of Tuesday, a stark drop from a lifetime average of 120 ether in May 2022. Read more here.


I'm not fan of token/NFT, primarily due to lack of practical usage. Even though Bored Ape have some practical usage (e.g. access to private club or in-person event), isn't enough to preserve the price either. I also looked on https://nftpricefloor.com/bored-ape-yacht-club and found out the price continue to decline, even though crypto bull run already starts few months ago. Your opinion is greatly appreciated.