NFT Collection CryptoCities Price, Stats, and Review
CryptoCities are a non-fungible tokens collection built on the Ethereum network launched in 10 April, 2021. 97 items of the CryptoCities collection can now be viewed at OpenSea.
How many owners does the CryptoCities collection have?The total number of owners has reached 55 within 685 days since its release.
NFT Collection CryptoCities Price and SalesThe market capitalization of CryptoCities NFT collection is 0 ETH. Since created the CryptoCities, 168 collections sales were made at an average price of 9.64 ETH (~$15,404.97 at the time of writing). This created a total volume in 1,620.239 ETH. The floor price of CryptoCities is 29 and the 30-day trading volume is kept at 0 ETH. The payment tokens of the CryptoCities collection are ETH, DAI, WETH, USDC.
Why are some NFTs expensive and others not?NFTs are very new to the blockchain ecosystem and are still in their infancy. It is an emerging market meaning there is no historical data or precedence that can assist in determining the value of an NFT. NFT projects that started at the beginning of the market boom have garnered legitimacy purely because they had a first-mover advantage. These “established” NFT projects have also had the opportunity to improve and learn from the issues that have plagued the NFT market and have, in such a way, made themselves more valuable. When the NFT boom took flight, many people realized profits beyond their wildest dreams, creating a space for opportunists to take advantage of the market growth. While some NFTs can be considered digital art, created by an artist who recognizes the value NFTs can add to the creative space, others have been made purely out of greed and a need to exploit the immense market growth. NFT projects that stem from greed and exploitation often have no value and are ultimately garbage.
Is the CryptoCities Collection Over or Underpriced?It is difficult to determine whether NFTs from the CryptoCities collection is overpriced or underpriced. Making such an assessment will become clearer when the market for NFTs and metaverses develops more actively. The price is also influenced by how the CryptoCities collection is developed and promoted by its creators and community.
CryptoCities NFT Collection ExamplesCryptoCities #001 - Paris
CryptoCities #002 - Rio de Janeiro
CryptoCities #003 - Tokyo
CryptoCities #004 - Las Vegas
CryptoCities fees- Buyer fee to dev: basis points
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The approved editor's accounts of CryptoCities collection are 0x316f0fe93ca9dc1e119c22803445f0ea0353d04c.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
