The crypto winter of 2022 has had a profound effect on non-fungible tokens. The market value of NFTs has dropped from a staggering $2.77 trillion in December 2021 to only $534 million last month.
Google Searches for NFTs Plunge, Market Takes a Hit
Analyzing Google Trends (GT) data reveals a steep decline in interest in NFTs. The search term “NFT” scored a peak of 52 points in the week between December 26, 2021 and January 1, 2022, while the same term scored only 16 points in the week of December 18–24, 2022.
The regions with the most interest in NFTs, according to GT data, are China, Hong Kong, Singapore, Nigeria, and Taiwan.
Cryptoslam.io reported that NFT sales reached $2.77 billion in December 2021 and $534 million last month. Archve.org records a sales volume of
#9137 was purchased for 310 ether or $1.21million.
Dappradar Statisticians Indicate that Cryptopunk #9137 has a current value between 63.95ether & $77,995Cryptopunks Current Floor), or 377.24ether, or $460KDappradar estimates). Archived According According to data from nftpricefloor.com the minimum property value is $0. Bored Ape Yacht Club (BAYC NFT was approximately 87.5ethers. ETH was also traded at $4K per unit. This meant that 87.5 ether was currently selling for around $350,000.
A Cryptopunk Could Buy 65 Ether December 19, 2021. Its The value of the property was $260K. Sales Recorded On December 25, 2022 are quite a different story. According A BAYC can be purchased at a current price of 69.88 according to nftpricefloor.com That’s Current exchange rates are approximately $85,159 current.
A cryptopunk NFT was purchased at the current minimum cost December 25, 2022 will be 63.95 ETH, or about $77K USD. The GT data also shows that term interest is very high “Bored
