web3glossaryfloor price
Floor Price

Summary

The minimum price at which a non-fungible token (NFT) can be purchased on secondary markets, marking the lowest value of a collection.

Detailed Description

In the context of NFTs, the floor price represents the lowest price at which any token in a particular collection is available for sale. This metric is used by traders and collectors to gauge the value and demand for a collection. A rising floor price may indicate growing popularity or rarity of the collection, while a declining floor price might suggest decreased demand or market interest. Tracking floor prices can give insights into market trends and help in making informed purchasing decisions.

Category
NFTs, Crypto Assets
Synonyms
Entry Price
Minimum Price

Impact Details

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Yirifi's stakeholder, regulatory-compliance, and risk-impact analysis for this term.

Investment Strategy

Investors use floor price as part of their strategy to evaluate which NFT collections to buy into for potential appreciation.

Industries:

Cryptocurrency
Digital Art

Platforms:

OpenSea
Rarible
Market Analysis

Analysts track floor prices over time to identify trends in the NFT market and make predictions about future values.

Industries:

Finance
Marketing

Platforms:

Dune Analytics
Nansen
Risk Assessment

Risk managers use floor prices to evaluate the potential exposure of assets in uncertain markets and to predict downturn risks.

Industries:

Investment Banking
Consulting

Platforms:

CryptoQuant
Glassnode

Top Metrics

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FAQs

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