Home Business Could Bored Ape Yacht Club flip CryptoPunks? By Cointelegraph

Could Bored Ape Yacht Club flip CryptoPunks? By Cointelegraph

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Could Bored Ape Yacht Club flip CryptoPunks? By Cointelegraph

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Rising from its modest minting price of 0.08 Ether (ETH), Bored Ape Yacht Club (BAYC) has climbed to nonfungible-token (NFT) stardom, competing with one of the earliest examples of Larva Labs CryptoPunk NFT.

Given its steady but amplified growth, BAYC has many crypto natives speculating that its collection will eventually “flip” CryptoPunks, and there are several reasons to back it.

7 day Bored Ape Yacht Club floor price. Source: OpenSea
BAYC versus CryptoPunk price performance. Source: Delphi Digital
List of top 10 CryptoPunks owners. Source: LarvaLabs
Percentage of Apes owned by top 50 holders. Source: Dune Analytics