As the NFT market continues to bleed, is there a recovery in sight

The NFT market underwent a sharp decline, with Bored Ape Yacht Club NFTs facing a historic price drop.In recent months, the NFT market witnessed a gradual decline in interest and engagement. This downturn has been particularly noticeable over the past few weeks, as the decline in interest within the NFT sector has intensified, impacting various facets of the NFT space.According to ASXN’s data, one stark example of this market shift is the floor price of Bored Ape Yacht Club NFTs.

BendDAO adopts a method that calculates floor prices based on a time-weighted average, which positions the BAYC floor price at 25.02 ETH.In comparison, taking into account the other platforms, Blur and Opensea, we find their respective floor prices at 23.1 and 23.49 ETH. In an interesting parallel, ParaSpace, yet another marketplace, was also grappling with challenges.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tesla stock rises, AMC's stock conversion: Trending stocksTesla (TSLA) shares are moving higher this afternoon after Baird analysts highlight several of the EV maker's latest growth drivers, including its Cybertruck announcement and its business dealings in EV charging deals. AMC Entertainment (AMC) sees its stock tanking despite its getting the green light from Delaware's chancery court for its stock conversion plan for its Preferred Equity units (APE). Yahoo Finance's Jared Blikre and Diane King Hall take a look at several of the stocks trending ahead of Monday's closing bell.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »