I could be wrong but Id expect eth and nfts to have similar fluctuations, so this wouldn’t be surprising at all. What about compared to USD or another investment like spy
Interesting. Prices, as they say, are set at the margins - so given that, what kind of liquidity is there? How many are transacting? If the price hasn't shifted from $16k, it could mean that everyone thinks they are worth $16k, OR it could mean that no one has bought one in years and the last transaction was $16k. Those are big differences.
No, people are still trading them for some reason, and there's pretty good liquidity. The highest offer right now is $15.2k, which someone can dump any of the 10k apes for that. And there were 16 sales (totaling $271K) in the last 24 hours.
yea, that’s my thing agains the whole “nft’s are worthless” thing, clearly there is a market for it. whether that’s a mechanism of or priced off of crypto trading or whatever i dont know, but it’s never been a thing in this market that they are “worthless,” they are still traded, and it’s been very stable