CryptoPunks dominance has reached a new local high of 46%.
We saw a steady decline in dominance at the end of 2024, dropping to 30% levels.
The main reason was that other projects like Pudgy Penguins, Azuki and Doodles were pumping ahead of token drops.
However, after $PENGU and $ANIME catalysts are gone, the dominance of CryptoPunks is on the rise again.
The same, albeit to a lesser extent, applies to Bored Ape Yacht Club, whose dominance has increased by almost five percentage points against the next 8 most valuable projects.
The weakness of CryptoPunks and Bored Apes during the token airdrop boom is now their strength:
They thrive solely on brand value and not on speculation of an upcoming catalyst.
Question is: Will CryptoPunk dominance continue to grow (similar to BTC dominance in broader crypto)?
We saw a steady decline in dominance at the end of 2024, dropping to 30% levels.
The main reason was that other projects like Pudgy Penguins, Azuki and Doodles were pumping ahead of token drops.
However, after $PENGU and $ANIME catalysts are gone, the dominance of CryptoPunks is on the rise again.
The same, albeit to a lesser extent, applies to Bored Ape Yacht Club, whose dominance has increased by almost five percentage points against the next 8 most valuable projects.
The weakness of CryptoPunks and Bored Apes during the token airdrop boom is now their strength:
They thrive solely on brand value and not on speculation of an upcoming catalyst.
Question is: Will CryptoPunk dominance continue to grow (similar to BTC dominance in broader crypto)?
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