NFT Sales and Floor Prices Slump Amid Broader Crypto Market Decline

  • 📰 Crypto_Potato
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The wider crypto market rout has hurt NFT sales as the floor prices for the top-ranked NFT collection continue to plummet.

The NFT sector has seen an explosion of interest throughout last year. In 2021 as well, the market kicked off with booming sales sharply, contrasting with the overall slump in crypto prices in January. After decoupling for a few weeks, NFT sales appear to be cooling down again., the floor prices of some of the top NFT projects, such as Bored Ape Yacht Club , have been on a decline.

Floor price or price floor are referred to as the lowest price instead of the average one, at which an NFT can be purchased. It shows the cheapest value a specific non-fungible token sells for., one of the most highly regarded projects, was still down by 1.68% over the past 24-hours and currently stood at a floor price of 89.96 ETH. While Crypto Punk noted a minor surge of 1.36% over the same period, its floor price was 66.9 ETH. Clone, on the other hand, also dropped by 4.

Despite being in infancy, the NFT sector has managed to seep into mainstream conversations. However, as reported by

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Good good.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 568. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Novatar: The Ultimate NFT Project That Is Dominating the NFT Market Now – Sponsored Bitcoin NewsNFTs have emerged as the biggest trend on the blockchain industry due to their massive popularity with mainstream users. This novelty form of digital I am confident that Uquid physical shop will develop as a result of implementing web 3.0. His biggest scam must know Scam
Source: BTCTN - 🏆 531. / 51 Read more »