The Bored Ape Yacht Club floor price has dropped to 70 ETH less than it used to. All NFTs went down on the same day that all cryptocurrencies dropped. Yesterday, its floor price was 87th, but now it is only 70th.
The NFT collection floor price that was the most expensive has been cut to the least expensive. The non fungible token (NFT) market seems to be in a bear market along with the rest of the cryptocurrency industry, since floor prices have dropped across the sector because the market as a whole is going down.
In the past few weeks, there has been a lot of change at the Bored Ape Yacht Club. On April 29, the floor price for a Bored Ape hit a record high of 152 ETH, which was about $429,000 at the time. A few days later, it was 105 ETH, which is about $292,000.
An NFT is proof that you own digital items like profile pictures, digital art, and sports memorabilia. The Bored Ape Yacht Club, CryptoPunks, and Moonbirds are all well-known profile image businesses that have made billions of dollars through NFT trading.