As the crypto winter continues, the floor price of main non-fungible tokens has dropped significantly.
The current cost of the cheapest NFT in a collection is depicted by this measure.
The cheapest Bored Ape (BAYC) is presently shown at 78.5 Ethereum (ETH), the value of which is currently worth $88,155 according to NFT Price Floor data. Given that all of these NFTs have hit six-figure prices for the majority of the year, this comes as a devastating retracement.
In the past week only, Ethereum (ETH) has lost 37.5% of its value.
Bored Ape holders who purchased the collection by the end of April – a time when the NFTs value hit an all-time high of 152 Ethereum (WTH) will be the most disappointed.
At the time, the worth of 152 Ethereum (ETH) would have topped $430,000. Nonetheless, its value is now at only $171,000.
The floor price has decreased by 21.82% in Ethereum (ETH) terms during the past week, data shows.
At a 38.46% decrease with 32 Bored Apes trading in a 24-hour volume, the trading volumes have also decreased significantly.