Armstrong UnderwoodJan 01, 2022 · 3 years ago4 answers How does the floor price of an NFT affect its value in the digital currency industry?
In the digital currency industry, how does the minimum price at which a non-fungible token (NFT) is sold, known as the floor price, impact the overall value of the NFT? What factors contribute to the relationship between the floor price and the value of NFTs? How does the floor price influence the demand and perceived worth of NFTs? How do market trends and investor sentiment affect the floor price and subsequently the value of NFTs in the digital currency industry?