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Bored Ape Yacht Club NFT Series Sees Dip in Floor Price, But Trading Volume Surges

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On March 10, according to the NFTGo.io data, the price of the Bored Ape Yacht Club series NFT floor dropped to 68.4ETH, down 4.24% in 24 hours. In addition, the

Bored Ape Yacht Club NFT Series Sees Dip in Floor Price, But Trading Volume Surges

On March 10, according to the NFTGo.io data, the price of the Bored Ape Yacht Club series NFT floor dropped to 68.4ETH, down 4.24% in 24 hours. In addition, the four-hour trading volume of this series of NFT2s reached 3161.51ETH, with an increase of 221.20%.

BAYC series NFT floor price dropped to 68.4ETH, down 4.24% in 24 hours

Analysis based on this information:


The Bored Ape Yacht Club series of non-fungible tokens (NFTs) has been making waves in the cryptocurrency market lately due to its stunning artwork and limited availability. However, on March 10, it was reported by NFTGo.io that the floor price of these NFTs dropped to 68.4ETH, which represented a 4.24% decrease in just 24 hours.

This dip in floor price may have come as a surprise to some investors who have been following the Bored Ape Yacht Club series closely, as the NFTs have been gaining popularity and attracting high bids in recent weeks. However, it’s important to note that cryptocurrency prices can be notoriously volatile, and what goes up must eventually come down.

Despite the drop in floor price, the Bored Ape Yacht Club series still saw a surge in trading volume within a four-hour period. According to NFTGo.io, the trading volume of this series of NFTs rose to 3161.51ETH, which was a remarkable increase of 221.20%. This suggests that even though the floor price may be lower, there is still considerable demand for these NFTs from buyers and investors alike.

It’s worth noting that the Bored Ape Yacht Club series is known for its exclusivity and limited availability. Each NFT in the series is completely unique, with its own distinct traits and characteristics. This has created a feeling of “FOMO” (fear of missing out) among many collectors, who are willing to pay a premium price to own one of these coveted NFTs.

In summary, while the Bored Ape Yacht Club series may have experienced a dip in its floor price on March 10, it’s clear that the demand for these NFTs is still going strong. The surge in trading volume suggests that investors are still eager to get their hands on a Bored Ape Yacht Club NFT, even if they have to pay a slightly lower price than before. However, as with all cryptocurrency investments, it’s important to stay vigilant and keep an eye on market trends to make informed decisions.

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