What would the floor price be at if an NFT project reached a top 30 crypto market cap?
Bored Apes: $180,036
DeGods (ETH): $201,838
Pudgy Penguins: $202,520
The problem: Supply for most NFT projects is low, the higher the market cap the lower the approachable market.
Easy to buy a $1 coin. Hard to buy a $100k JPEG.
Without fractionalization etc. it will be difficult to break into the top 30 or even the top 20.
Hope NFTs returns !! We are in the dippp
i hope so, there is a slight recovery in the past week
Iam not into nfts to be honest
It is possible to see even lower. But you can buy it right now, everything will give a good plus on the bullrun
It’s crazy how far their prices have dropped in the last 90 days. I don’t understand how they still maintain such a high value, but if they drop to panic prices, I’m picking up a couple of blue chips.
Absolutely, I’m putting some in my cart
This is probably the right time to do it