Porsche NFT Price Suddenly Soars Nearly 4x to 2.9 ETH, Here's Reason

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Porsche NFT Price Suddenly Soars Nearly 4x to 2.9 ETH, Here's Reason
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PorscheNFT price suddenly jumped to 2.9 $ETH from 0.87 $ETH after poor community interest. eth_porsche WuBlockchain

has abruptly jumped after the lack of interest from the community faced by the company just recently.Wu reported that after issuing a series of non-fungible tokens, 7,500 NFTs are planned to be minted at the price of 0.911 ETH per token. However, the car-making behemoth faced poor interest from fans of this type of digital collectible. The price reacted to that, dropping to 0.87 ETH immediately after.

The company could not but wrap up the mints, with only 1,242 NFTs created by now. However, once this happened, the floor price went up straight away, hitting as much as 2.9 ETH. At the moment, the Porsche 911 NFT collection is ranked first by trading volume in the past 24 hours. The volume itself, as reported by Wu, was 2,050 ETH at the time when his tweet was published.

Due to poor sales, Porsche NFT closed its NFT mint and suddenly its price soared. It currently ranks first in 24-hour trading volume, reaching 2.05K ETH, and the floor price reached 2.9ETH.

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