The iconic NFT collection CryptoPunks appears to be making a comeback this year amidst the ongoing NFT bear market.<\/p>\n
According to CoinGecko, the CryptoPunks collection currently leads the NFT market with a 30.9% share among the top collections, a position it solidified after surpassing Bored Ape Yacht Club (BAYC) in May 2023.<\/p>\n
At the beginning of 2022, CryptoPunks<\/a> held a 24.8% share, trailing BAYC\u2019s 29.3% lead. Though it briefly overtook BAYC in November 2022, CryptoPunks soon fell back to second but kept a close gap, finally reclaiming the top spot in May 2023 due to its more stable floor price. Between 2022 and today, its dominance ranged from a low of 14.0% in May 2022 to a peak of 36.6% in January 2024.<\/p>\n However, CryptoPunks achieved a rare feat by increasing its market share by 10% in a single year, growing from 23.6% to 33.6% in 2023. Despite a slight decline since the start of this year, CryptoPunks remains the largest NFT collection, holding over 29.5% of the market \u2013 more than double any other collection\u2019s share.<\/p>\n Yuga Labs\u2019 flagship BAYC, on the other hand, has seen<\/a> a notable decline in market dominance, falling from a 29.3% peak in January 2022 to 12.8% in October 2024, with its floor price also significantly down from its May 2022 high. This drop reflects the challenges faced by PFP NFTs due to oversupply and high prices.<\/p>\n Mutant Ape Yacht Club (MAYC) similarly lost market share, sliding from 8.5% to 4.1% and dropping in rank. Otherdeed for Otherside, BAYC\u2019s metaverse land NFT, also saw its initial strong market presence fade, falling from 4th to below the top 10 rankings by mid-2023.<\/p>\n Meanwhile, Pudgy Penguins and Milady Maker have seen a steady uptrend. Pudgy Penguins first entered the top 10 NFT collections in September 2023 with a 2.7% market share and has since seen its dominance grow to 9.5% by October 2024.<\/p>\n Milady Maker, too, joined the top 10 in August 2023 with a 2.5% share and has maintained its place since April 2024, gradually increasing its market share to 4.5% by October.<\/p>\n \u201cThe rise of Pudgy Penguins and Milady Maker is particularly notable in the wake of \u2018blue chip\u2019 NFT price crashes that saw 6 PFP collections drop out of the top 10 rankings \u2013 Moonbirds, Veefriends, Doodles, Meebits, World of Women and Cool Cats.\u201d<\/p>\n The post Iconic NFT Collection CryptoPunks Reigns in Market Share Amid BAYC Decline: Report<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The iconic NFT collection CryptoPunks appears to be making a comeback this year amidst the ongoing NFT bear market. According to CoinGecko, the CryptoPunks collection currently leads the NFT market with a 30.9% share among the top collections, a position it solidified after surpassing Bored Ape Yacht Club (BAYC) in May 2023. CryptoPunks Sees Resurgence […]<\/p>\n","protected":false},"author":0,"featured_media":19384,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-19383","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/19383"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19383"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/19383\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/19384"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19383"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Pudgy Penguins and Milady Maker Rise<\/h2>\n