What Is A Floor Price In NFT?

What Is an NFT Floor Price

What Is A Floor Price In NFT?

The floor price of an NFT is referring as the lowest price of an NFT.

It is one of the essential factors the collectors consider to evaluate the project. The floor price tells how popular the project is; the more significant the floor price, the more popular the project is.

If you find the floor price of any project is decreasing, its popularity is decreasing in the marketplace.

You can earn profit by buying NFTs at floor price and by selling at higher prices.

   

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