NFT Floor Prices Plunging Amid Ongoing Crypto Market Pandemonium
2022年6月14日 - 10:26PM
NEWSBTC
The crypto markets has plunged by 14% over the past 24 hours,
including the double whammy of Ethereum’s loss of 18% and Bitcon’s
dip by 16% while NFT sales are also suffering from the crypto
market crash but primarily because of ETH prices plummeting. On a
lighter note, NFT trading volume has incremented over the 24 hours
by 54%, which is an excellent opportunity for collectors to hoard
prized NFT collections. The prices of high-end and popular
nonfungible token collections like Bored Ape Yacht Club have also
plunged; its lowest NFT floor price dropped by as much as 16%, or
$107,000. The Bored Ape floor price plummeted by 11%, or roughly
74.5 ETH. Nevertheless, the project has depreciated since May. On
April 29, you can buy the cheapest Bored Ape NFT at 152 ETH or a
whopping $429,000. You’ll see the enormous difference in the
numbers. Crypto Winter: Total Market Cap Drops By $1 Trillion The
total market cap of all cryptocurrencies has dropped to as much as
$969 billion on Monday. And NFT collections are following suit.
More popular blue-chip nonfungible token collections are crashing
like Doodles dropping by 21% or a current floor price of 8.1 ETH or
equivalent to $11,650, Mutant Ape Yacht Club decreased by 22% or 14
ETH which is around $20,100, Meebits that toggled down by 27% or a
floor price of 2.8 ETH which is about $4.050, and Moonbirds that
spiraled down by 16% which is about 16.2 ETH or $23,250. BTC total
market cap at $429 billion on the daily chart | Source:
TradingView.com Suggested Reading | Dogecoin Shed 91% Of Its
Value Since 2021 High – A Musk Tweet To Pump DOGE? NFT Floor Price
Drowns; Trading Volume Escalates While the NFT floor price is in
the hock, trading volume is increasing. Many collectors are taking
advantage of falling ETH prices to grab blue-chip NFT collections
at lower price tags. Total nonfungible token sales are now at $39
million, which may seem lower than the sales in early May, but it’s
a significant improvement compared to the previous days. NFT market
has risen remarkably by 54% in terms of trading volume over the
past 24 hours. Trading volume in 2021 was at $25 billion, making
this year’s stats a massive improvement. And the numbers can still
increase in the following days. OpenSea NFT sales spiked to as much
as $476 million. The nonfungible token market appears to be more
robust now than ever despite the crypto struggles and uncertainty.
Suggested Reading | Ether Drops Below $1,400, Pummeled By US
Inflation And Difficulty Bomb Setback Featured image from
Blockworks, chart from TradingView.com
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