Floor Price

Not to be confused with ‘Average Price’, the Floor Price is the current listing of the lowest price of a non-fungible token (NFT) in a collection. For example, if an NFT collection owner sets the price for one NFT at two ETH, then the Floor Price is two ETH.

Floor Price is a key metric frequently used in the NFT space, and many large marketplaces present the Floor Price along with other key data. On the Crypto.com NFT Marketplace, for example, the Floor Price is at the top of the page.

Floor Price helps traders gauge how much it typically costs to purchase an NFT in a collection. The popularity of a project may influence Floor Price, as more interest tends to drive up the value of a collection.

Key Takeaway

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

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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Gas (ETH)

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

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Average Price (7D)

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

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