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19 April 2021

‘Silent crash’ as price floors collapse across NFT space

‘Silent crash’ as price floors collapse across NFT space


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Because of their illiquid nature, gauging the sentiment of the overall market market for a project can be difficult — a dynamic that has led one eGirl Capital member, Mewny, to dub NFT corrections ‘silent crashes.’.

However, metrics such as “floor price” — the lowest price at which a NFT can be bought for a particular project — as well as total volume can indicate that a bull is turning into a bear. .

Data from evaluate.market shows that sales volume in multiple price categories for NBA Top Shot have declined precipitously since a Feb.

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