Punks VS Apes: It's a fight for NFT dominance
The only ones who have consistently performed well so far, despite all of the noise and excitement surrounding NFT drops and their hype, are the Bored Apes and CryptoPunks. Jordan Belfort, aka "The Wolf of Wall Street," acquired a Punk sometime in October. However, this purchase didn't reach the top ten sales of the week, but it does indicate that CryptoPunks are in high demand. The Bored Ape Yacht Club, on the other hand, has established itself as the go-to social club for the NFT elite. Its grassroots roots and ever-expanding footprint make it an appealing investment for anyone with the financial means.
All of these shows that a conflict has been silently raging in the blockchain's upper reaches. Fans watched in fascination as Punks competed against Apes for outright crypto dominance, while fans watched in awe as the inevitable changing of the guard took place. Throughout December, pundits predicted "a moment of change," or the moment when the Bored Ape Yacht Club's floor price would surpass that of the long-time champs, the CryptoPunks. Then it happened on December 22nd. According to NFT marketplace, OpenSea, the Bored Apes have become the most valuable asset in town.
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Owners were ecstatic, fireworks lighted up the sky, and champagne corks sailed through the air recklessly. The Bored Ape floor price was 53.9 ETH, while the CryptoPunks were stuck at 52.69 ETH. The battle had come to an end, or had it? Despite BAYC's dominance, the CryptoPunks outsold the Bored Apes by a factor of two, with floor prices within a whisker of each other.
As of this writing, there is no floor price for CryptoPunks because none are available for purchase. Unlike the Bored Apes, who are plentiful, the CryptoPunks have achieved Valhalla and represent an asset of unfathomable worth. When you look at the genesis Cyberkongz, one will notice that Bored Ape Yacht Clubs aren't even the costliest Apes in town. This shows that this fight might just not be over yet.