Bored Ape Yacht Club NFT Collection Floor Price Sinks to 20-Month Low

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Bored Ape Yacht Club NFT Collection Floor Price Sinks to 20-Month Low
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.boredapeyc’s floor price has slid below 30 ETH – the lowest since October 2021. camgthompson reports

that has impacted the price of Ethereum, which powers many NFT collections. Other top NFT collections, including MoonBirds, Azuki and Doodles have also experienced dips in recent months., BAYC’s floor price dropped to a low of 27.4 ETH, or about $53,000 on Sunday evening before rebounding slightly. The last time BAYC’s floor price dropped below 30 ETH was in October 2021, shortly before its floor price skyrocketed to new highs during the NFT boom.

According to CoinGecko, BAYCThe collection’s floor price has halved since April of this year – it was trading at 64 ETH, or $126,000, at the start of the month. At the time of writing, the floor price of the collection has rebounded slightly to 29.5 ETH, or about $57,800, according to OpenSea.that’s often used to get a sense of how popular an NFT project is at a given point in time. It measures the lowest price a seller wants for an NFT in a collection and can vary slightly across platforms.

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