As trading volumes and cryptocurrency prices fell during the recession dubbed “Crypto Winter,” the lowest price of the most popular NFT collection (indicating the lowest price at which NFTs in the collection were sold) also plummeted. . The most popular NFT collection, the Bored Ape Yacht Club, has a lowest price of 72.4 Ether (around $110,000) as of Monday, down 53% from a high of 153.7 Ether on April 30. According to CoinGeckoAnother popular NFT collection, CryptoPunks, is down 19% from its peak in July.
After these Super Bowl ads go wild, private investors are coming. And even now, NFT schemes and collections are hyped.