What is NFT floor price?

NFT floor price is the lowest price an individual is willing to sell an NFT for. Alternatively, the NFT floor price can also be the lowest amount of ETH a person is able to spend to own an NFT or become a member of an NFT project. NFT floor price is often determined and set by the owner of the NFT.

How do you know if an NFT collection is a good investment?

The floor price is often a good starting point for understanding the popularity of an NFT collection and its perceived value over time. Collections with a high floor price might be more popular, and dips in floor price might signal that interest in that project is waning.

What is a floor price?

Floor price is the lowest price an NFT is listed for sale within an NFT collection — a group of similar NFTs issued by one party. It reveals the base worth of a collection or NFT project and assists in finding the least market price for the NFT you're seeking. Essentially, the floor price lets you know the cost needed to obtain a certain NFT.

What is a NFT metric?

The metric measures the lowest price for an NFT in a collection. It's often a good starting point for understanding the popularity of an NFT collection and the token's value over time. If you are evaluating the intrinsic value of a non-fungible token ( NFT) in a collection, you may consider several metrics.