As markets slid in value during the past week, non-fungible token floor values have dropped considerably. Blue-chip NFT collections like Bored Ape Yacht Club , Cryptopunks, and more have seen their floor values drop between 2-25% in the last 24 hours.NFT sales have dropped 64.84% lower than the week prior during the last seven days. Nearly every popular NFT collection is down considerably when it comes to week-over-week sales.
NFT floor values have slid a great deal in value during the past 24 hours as the crypto market carnage has not been kind to digital collectibles. BAYC’s floor value today is 2.9% lower at 97 ether or $191K. $1.7 billion in NFT sales volume was recorded seven days ago, and this week’s volume is down to $631.5 million.
Doodle’s NFT floor value has increased 2.5% during the past day and currently, the Doodle NFT floor value is 13.95 ether or $27.4K.
What are the reasons for this?