For clarity, the floor price represents the lowest price of the NFT collection, not the average price. In other words, this is the lowest price at which an irreplaceable token can be purchased from the group.
According to NFT PRICE FLOOR data, the reserve price of Bored Apes’ fell below $100,000 for the first time in almost a year. At the time of writing, the minimum amount of BAYC was $87,000 (72 ETH), down 60% from the all-time high. The last time Ape traded within this price range was around August 2021.
Despite the decline, BAYC maintained its status as the largest NFT project, with a market capitalization of around $1.7 billion.
The Bored Ape Yacht Club is a renowned NFT series that replaced Crypto Punks as the most valuable NFT in the world at the end of Q3 2021.
The rarest boring Ape was sold for more than $1.5 million at its peak, while the most expensive one was auctioned for $3.4 million (852.39 ETH) last October. In the same period, the other monkeys were cheaper and had a base price of more than $250,000. However, BAYC sales and prices have fallen steadily due to the recent market sell-off.
Except for Bored Apes, other top-rated NFT collections have high starting prices. For example, Punks, the second most extensive collection of NFTs, now has a floor price of $58,000 (48 ETH), compared to a floor price of $160,000 (66.9 ETH) in February.
Interestingly, BAYC’s floor price has fallen below $100,000, providing a buying opportunity for investors who want to buy NFT at a lower price.
About 26 no-tail monkeys were sold in the last 24 hours, 116% more than the day before. BAYC also saw a 50% increase in daily trading volume, with more than $2.6 million traded in the last 24 hours.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
KAI
CoinCu News
Cosmos Developer Interchain Foundation sold 3000 ETH from its ICO today, totaling 21,600 ETH sold…
George Town, Grand Cayman, 22nd November 2024, Chainwire
Inflation Warning by Vanguard highlights risks during Trump’s term, citing tariffs and tighter labor markets…
Clanker token trading volume hit $59.8M on Nov 21, accounting for 14.75% of PumpFun. Fee…
Bitcoin Spot ETF inflows hit $1.005B on Nov 21, led by BlackRock’s $608M and Fidelity’s…
Discover the success story of a New York tech entrepreneur who made $72M from a…
This website uses cookies.