Rising from its modest minting value of 0.08 Ether (ETH), Bored Ape Yacht Club (BAYC) has climbed to nonfungible-token (NFT) stardom, competing with one of many earliest examples of Larva Labs CryptoPunk NFT.
Given its regular however amplified development, BAYC has many crypto natives speculating that its assortment will ultimately “flip” CryptoPunks, and there are a number of causes to again it.
7 day Bored Ape Yacht Club ground value. Source: OpenSeaBAYC versus CryptoPunk value efficiency. Source: Delphi DigitalList of high 10 CryptoPunks homeowners. Source: LarvaLabsProportion of Apes owned by high 50 holders. Source: Dune Analytics
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