The Mind-Blowing ROI of Minting and Holding a Bored Ape NFT From the Beginning

Bored Ape Yacht Club NFT collection was recently in the news due to several shocking revelations, including the purchase of CryptoPunks and the release of ApeCoin.

Launch of the APE token was volatile. The cryptocurrency fell to $6 at the lowest and is currently trading at $11.

We decided to look at the ROI of holding and minting one Bored Ape NFT, considering all that is happening in the BAYC ecosystem.

Yuga Labs, which is the originator of BAYC has issued three NFT collections so far. They also released the Mutant Ape Yacht Club collection. MAYC has the mutant Bored Apes with 18,338 NFTs. BAYC had only 9,999 NFTs.

They also created the Bored Ape Kernel Club which is a collection canine companions for Bored Apes. The Shiba Inu collection has 9,602 NFTs. The three collections currently rank number one, two and four according to their market value among NFTs.

Amazing BAYC Returns

The Bored Ape Yacht Club was launched in April 2021. Its mint price was 0.08ETH. That was equivalent to $192 at the time. Even lower was the collection’s floor, which is the price of NFTs with the lowest value. Bored Apes were traded at 0.03ETH or $70, the lowest price.

Nine months later, the BAYC’s floor price is now 100 ETH or approximately $290,000. This represents an increase of approximately 145,000%. This is not including the floor price NFTs. Rare ones can sell for millions and provide a better ROI. Let’s not forget about the added value of the MAYC airdrop, as well as the possibility to mint a Kennel.

One of three possible serum variants is given to a Bored Ape. At first, the serum was airdropped to users. The Mutant Ape Yacht Club collection now includes a separate NFT, which has a floor price of 22 ETH and is worth approximately $64K. This is the floor price so calculations are conservative.

The Bored Ape Kennel Club is the last but not the least on the NFT front. The floor price for the collection is currently 8 ETH and it’s worth approximately $23K. Although the collection was not airdropped, BAYC owners could claim their companions to pay the gas required for minting.

With all this in mind, a Bored Ape NFT would allow the owner to hold a single Bored Ape NFT, and go through the MAYC, and BAKC iterations, bringing the total to $377,000. This is not all.

Participate in the APE Airdrop

According to CryptoPotato, BAYC introduced the APE coin on March 17, and all holders who hold NFTs related to BAYC received different amounts of the token.

Our extensive guide covers everything you need to know about the token.

One Bored Ape NFT would net you 10094 tokens. However, this number will increase if you also have MAYC or BAKC NFTs. A mutant ape or a kennel club NFT will give you 2898 tokens. To simplify things, let’s say that every BAYC NFT holder received 10100 ape.

The token is currently worth approximately $110,000. However, the price of the token traded above these levels for a few days so it’s a conservative estimate. It’s possible that people have sold it for less, as it dropped to $6. Let’s assume the average price was $100K.

This would make the total return on minting and keeping a Bored Ape $477,000, making it one of the most attractive crypto investments.

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Marla Brooks

Marla Brooks – Financial Analysis My name is Marla Brooks, and I am the mainstream behind the”observednews.com”  for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.

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