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DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
aPeS aRE gOiNG tO zErO the timeline would have you think they're the only NFT bleeding, people actually saying they "feel bad for BAYC holders", meanwhile Nodemonkes down ~50% in a week & NFT FPs last 30 days: CloneX -50% Doodles -45% Azuki -40% BAYC -36% Pudgies -35%…
I think ETH NFT floors look so ‘bad’ because ETH is now $4000. A 15 ETH BAYC floor looks really low but if ETH was at $1000 it’d be 60 ETH. Just food for thought.
A fuel tank nicely on fire in Russia's Oryol after a Ukrainian drone attack last night https://t.co/6RaeO9aej5
In the past five weeks, Ethereum (ETH) has surged from $2300 to $4000 USD, while the NFT market has seen a downturn, with Bored Ape Yacht Club (BAYC) floor price plummeting 89% to 15 ETH and Mutant Ape Yacht Club (MAYC) floor price falling 94%. This trend has sparked discussions about the valuation of NFTs in a bull market for ETH, with some suggesting that the focus should shift from floor prices to average moving USD prices. The sentiment within the NFT community appears to be at a low, with debates on whether the market has reached its bottom. Analysts and enthusiasts highlight the need for a cultural catalyst to revive the NFT market.
