Blue chip NFT performance fails recovery, but HODL investors even harder

Over the past 30 days, more than 53% of NFT investors suffered losses on sell trades. Despite the cold market climate, the number of investors holding their NFT investments continues to rise.

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The market performance of blue-chip non-fungible tokens (NFTs), often considered a good long-term investment, revisited its historic low range for the second time since June 2022 – falling below 10,000 Ether ( ETH) in the blue -chip index maintained by NFTGo.

Blue Chip NFTs recorded their best performance not long ago on April 29, rising to almost 14,900 ETH. However, June 13 was the worst-performing day in the history of blue-chip NFT, when the index fell to 9,331 ETH, mainly due to an adjustment in the floor price of the CyberKongz and CyberKongzBabies projects. /p>

Blue chip NFT performance indicator. Source: NFTGo

Over the past 30 days, over 53% of NFT investors suffered losses on sell trades. Despite the obviously cold market sentiment, the number of investors holding their NFT investments continues to rise.

Investor behavior shows increase in long term holders. Source: NFTGo

Nearly 500,000 users joined the growing pool of NFT investors in June and July alone who intend to hold for the long term, bringing the number of holders to over 3 million at the time of writing. Of all the NFT categories, PFP NFTs (photo for proof) have the largest market capitalization at $13.95 billion.

Former leaders such as collectibles, games, and art NFTs together account for approximately $6.7 billion in market capitalization.

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