Cryptocurrency Q&A Why did Bored Apes crash?

Why did Bored Apes crash?

Carolina Carolina Sat Oct 26 2024 | 6 answers 1804
The Bored Apes collection suddenly experienced a significant price drop in the NFT market, causing a lot of investors and collectors to wonder what factors led to this crash. Why did Bored Apes crash?

6 answers

WhisperWind WhisperWind Mon Oct 28 2024
The Bored Apes NFTs garnered immense popularity on a global scale during the previous bull market.

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CryptoQueenGuard CryptoQueenGuard Sun Oct 27 2024
The decline has been dramatic, with prices falling by over 90% since their peak.

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ZenFlow ZenFlow Sun Oct 27 2024
At their highest point, Bored Apes were valued at around 120 ETH.

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AzureWave AzureWave Sun Oct 27 2024
Their reputation was sky-high, with collectors eagerly anticipating new additions to the collection.

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Valentino Valentino Sun Oct 27 2024
However, the current market trend has shifted, with a general decline in demand for NFT collections.

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