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NFT Prices Fall Following Crypto Market Chaos

In the past month, the market value of Bored Ape Yacht Club (BAYC) and other blue-chip enterprises has reached new lows.

LUNA (LUNA) and TerraUSD (TerraUSD) both dipped in value registering a tremendous loss of 99%. With UST (pegged with US dollar) now trading at $0.13, LUNA has managed to move to $00.0000914 on Friday afternoon, making the coin nearly worthless. 

Otherdeed NFT is one of the top 10 collections with the most trading volume since its launch on the OpenSea NFT market.

Other NFT collections like Doodles, Azuki and Beanz, Art Blocks, and Moonbirds are also moving way up the popularity and price charts.

The transactions of the Otherdeed collection have cascaded down from $375 million to just $6.5 million as of this writing.

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