GLOSSARYAverage Price (7D)

Average Price (7D)

Average Price (7D) shows the average price paid for the top 25 non-fungible token (NFT) collections in a previous 7-day (7D) period. It is calculated by dividing NFT Sales Volume Index (7D) by the number of editions sold over that seven-day period.

Average Price is found in the sales data section of an NFT collection on the Crypto.com Price page. It is one of the most important data points to indicate a collection’s popularity. If the Average Price (7D) is high, this may indicate buyers’ willingness to pay high prices to obtain an NFT from that collection.

While Average Price (7D) is a useful tool, potential traders should consider a wide variety of data in order to make a well-informed decision, including Sales (7D), Market Cap, and Volume (7D).

Key Takeaway

Average Price (7D) shows the average price paid for non-fungible tokens (NFTs) in a collection over a seven-day period.

Related Words

Market Cap

Market cap refers to the total dollar value of a cryptocurrency in circulation. It is calculated by multiplying the token price by the total number of tokens.

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Circulating Supply

Circulating supply is the amount of a cryptocurrency currently on the market. The number can grow or shrink for various reasons.

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TradFi

Traditional finance, or TradFi, is a conventional approach to financial activities that relies on established institutions, such as banks, insurance companies, investment companies, and stock exchanges.

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Collection Value

Collection Value is the aggregated monetary value of all the NFTs in a collection.

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NFT Sales Volume Index (7D)

The NFT Sales Volume Index (7D) shows the price and number of editions of a non-fungible token (NFT) collection sold over a 7-day (7D) period.

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Crypto Asset

Crypto assets are transferable digital representations of value made possible by cryptography and blockchain technology.

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24H Volume

24H Volume shows the number of a cryptocurrency’s tokens traded over a 24-hour time frame.

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7D

7D, short for seven days, refers to price data that has been collected for a cryptocurrency over a 7-day period.

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Floor Price

Floor Price is equal to the lowest-priced NFT in a collection.

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Gas (ETH)

Gas is the cost of a transaction on the Ethereum network.

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