Image Credit: Medium

Mar 08, 2024

Why BAYC's NFT floor price declining during ETH spike? 

By: Bhumi Shrivastava

Many other NFT projects are now available, so people have more options.  

More Competition

Image Credit:  Binance

Investors might be feeling differently about buying NFTs now. 

Changing Feelings

Image Credit:  Blockchain News

People who bought BAYC NFTs early might be selling them to make money. 

Taking Profits

Image Credit:  LinkedIn

When there are more sellers than buyers, prices can go down.  

Supply and Demand

Image Credit:  Medium

Things happening outside the NFT world can also affect prices.  

Outside Stuff

Image Credit:  The Economic Times

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