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NFT Interest Wanes Across Crypto Sector, BAYC and MAYC Impacted

July 4 (Cointime) - The NFT market has experienced a decline in interest, particularly affecting Yuga Labs' Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC). The introduction of Bitcoin Ordinals led to a rally in the NFT market, but interest has since declined.

The overall market value of the NFT sector has plunged by 53% over the past year, with ApeCoin being severely impacted. The price of ApeCoin has declined significantly, along with its velocity and network growth, although some short-term holders may still be holding onto their positions.

Bitcoin Bitcoin $94,536.33
-3.57%
Bored Ape Yacht Club Bitcoin Ordinals ApeCoin
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