Punks vs. Apes: It’s a Fight For NFT Dominance
Industry News
Bored Apes and CryptoPunks are the only NFT projects that show great results despite the overall drop in the market. It attracts many notable people (for instance, Jordan Belfort bought Punk in October). Although this event is not a top sale, it demonstrates the high demand for CryptoPunks. In contrast, The Bored Ape Yacht Club emerged as a famous social club for the NFT elite. This project enlarges its presence on the market, which makes it an excellent choice for anyone.
All of these indicate competition between Punks and Apes. Fans watched in awe how these projects fought for becoming a leading non-fungible token. Throughout December, experts predicted when the minimum price of BAYC would outwit the competition from CryptoPunks. It finally happened on December 22nd when the OpenSea marketplace determined Bored Apes as the most valuable NFT.
Founders were excited about this news. The Bored Ape floor price was $218,679, while the CryptoPunks token was placed at the $213,770 level. But there is a question: if the battle is over? Although Apes dominated the market, Punks have more advantages, with minimum prices within a stone’s throw from one another.
As for now, CryptoPunks are unavailable to get, and there is no floor price indicated on marketplaces. In contrast to the Apes, Punks offer an immeasurable asset for anyone who wants to get a unique digital asset. Moreover, there are more costly tokens (for example, Cyberkongs). It means that the battle was only beginning.
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