NFT Floor Prices Plunging Amid Ongoing Crypto Market Pandemonium

Name	Symbol	Market	Market Cap ($)	Algorithm
Dogecoin	DOGEUSD	Crypto	18,979,052,169	Scrypt

Name

Symbol

Market

Market Cap ($)

Algorithm

Dogecoin

DOGEUSD

Crypto

18,979,052,169

Scrypt

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.00075	0.57%	0.13282	0.13281	0.13283

Price Change

Price Change %

Current Price

Bid Price

Offer

0.00075

0.57%

0.13282

0.13281

0.13283

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.13582	0.13124	0.13189	0.13207	0.055475 - 0.228990

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.13582

0.13124

0.13189

0.13207

0.055475 - 0.228990

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	10:28:28	400.00	0.13282	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

10:28:28

400.00

0.13282

USD

Price x Volume	Volume	Base Symbol	Related Pairs
15,685,213.89	117,181,227.29	DOGE	DOGEEUR	DOGEGBP	DOGEBTC

Price x Volume

Volume

Base Symbol

Related Pairs

15,685,213.89

117,181,227.29

NFT Floor Prices Plunging Amid Ongoing Crypto Market Pandemonium

14/06/2022 2:26pm

NEWSBTC

The crypto markets has plunged by 14% over the past 24 hours, including the double whammy of Ethereum’s loss of 18% and Bitcon’s dip by 16% while NFT sales are also suffering from the crypto market crash but primarily because of ETH prices plummeting. On a lighter note, NFT trading volume has incremented over the 24 hours by 54%, which is an excellent opportunity for collectors to hoard prized NFT collections. The prices of high-end and popular nonfungible token collections like Bored Ape Yacht Club have also plunged; its lowest NFT floor price dropped by as much as 16%, or $107,000. The Bored Ape floor price plummeted by 11%, or roughly 74.5 ETH. Nevertheless, the project has depreciated since May. On April 29, you can buy the cheapest Bored Ape NFT at 152 ETH or a whopping $429,000. You’ll see the enormous difference in the numbers. Crypto Winter: Total Market Cap Drops By $1 Trillion The total market cap of all cryptocurrencies has dropped to as much as $969 billion on Monday. And NFT collections are following suit. More popular blue-chip nonfungible token collections are crashing like Doodles dropping by 21% or a current floor price of 8.1 ETH or equivalent to $11,650, Mutant Ape Yacht Club decreased by 22% or 14 ETH which is around $20,100, Meebits that toggled down by 27% or a floor price of 2.8 ETH which is about $4.050, and Moonbirds that spiraled down by 16% which is about 16.2 ETH or $23,250. BTC total market cap at $429 billion on the daily chart | Source: TradingView.com Suggested Reading | Dogecoin Shed 91% Of Its Value Since 2021 High – A Musk Tweet To Pump DOGE? NFT Floor Price Drowns; Trading Volume Escalates While the NFT floor price is in the hock, trading volume is increasing. Many collectors are taking advantage of falling ETH prices to grab blue-chip NFT collections at lower price tags. Total nonfungible token sales are now at $39 million, which may seem lower than the sales in early May, but it’s a significant improvement compared to the previous days. NFT market has risen remarkably by 54% in terms of trading volume over the past 24 hours. Trading volume in 2021 was at $25 billion, making this year’s stats a massive improvement. And the numbers can still increase in the following days. OpenSea NFT sales spiked to as much as $476 million. The nonfungible token market appears to be more robust now than ever despite the crypto struggles and uncertainty. Suggested Reading | Ether Drops Below $1,400, Pummeled By US Inflation And Difficulty Bomb Setback Featured image from Blockworks, chart from TradingView.com

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DOGEUSD Dogecoin