Why Considering the NFT Floor Price is Important?

The floor price acts as a baseline for determining the value of an NFT collection

It reflects the minimum price at which each piece from that collection is currently available in the market

The floor price also helps gauge market trends

Rising floor prices indicate increased demand, while a drop signals a shift in sentiment or oversupply

The NFT floor price is always correlated with the rarity and scarcity of NFTs within a collection

For crypto investors, understanding the NFT floor price is vital for making informed decisions.