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What is Floor Price?
Crypto Glossary Definition
The 'floor price is how much it costs to buy the cheapest NFT in a given collection. It's the cheapest available asking price for that NFT.
Why Floor Price Matters
An NFT collection's floor price is the cheapest currently listed item in that collection — it's the most commonly cited (if somewhat crude) metric for gauging a collection's market value, since it ignores rarity differences between individual items.
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