Bored Ape NFT’s Are CRASHING.. Is It Time To Buy?

Welcome back to Steady Stack, today on the channel we are going to share details about Bored Ape Ethereum NFTs Drop Below $100K for First Time in Almost a Year + other related news. As NFT market values soar, celebrities are acquiring tired monkey artwork alongside multi-million dollar purchases. If you take a peek at the Ethereum profile picture gallery, you’ll see how much people are craving NFTs since the market collapse. According to NFT Price Floor, the lowest secondary market price for a Bored Ape Yacht Club NFT is $96,469, or 80 ETH. The price dropped from $91,741 to $91,741 overnight, according to the website’s data.

In less than two months, the price of an entry-level Bored Ape NFT has dropped 78 percent in USD. The opening price for Yuga Labs’ virtual land auction for Otherside, a new game, was about $429,000 on April 29, the day before the auction began (152 ETH). Bored Apes may be able to use NFTs to get free plot areas. Since then, a 47 percent drop has occurred. Ethereum’s price has declined, but the NFT collection values have dropped dramatically as seen by this data. In August 2021, the NFT market soared, and the Bored Ape Yacht Club had never seen a floor price below $100,000. All significant NFT collections have seen their value plummet in the last month. Bored Apes have lost 54% of their value in the last 30 days, while CryptoPunks have lost 48% and Moonbirds have plummeted 62%. Digital assets such as profile images, sports, and entertainment memorabilia representations, and video game characters may all be demonstrated to be held through an NFT. Watch till the end for more about Bored Ape Ethereum NFTs Drop Below $100K for First Time in Almost a Year and other related news.

#BoredApeNFT #Ethereum #NFT

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