• Yaypegs is a non-fungible tokens collection built on the Ethereum network with 9,998 items of the Yaypegs collection.
• The total number of owners has reached 2609 within 105 days since its release with a market capitalization of 459.24 ETH and 47,856 collections sales at an average price of 0.08 ETH.
• NFTs vary in value depending on their level of legitimacy, first-mover advantage, and opportunistic exploitation. It is difficult to determine whether the Yaypegs collection is overpriced or underpriced.
What is an Yaypegs?
Yaypegs are a non-fungible tokens collection built on the Ethereum network launched in 11 November, 2022. 9,998 items of the Yaypegs collection can now be viewed at OpenSea.
How many owners does the Yaypegs collection have?
The total number of owners has reached 2609 within 105 days since its release.
NFT Collection Yaypegs Price and Sales
The market capitalization of Yaypegs NFT collection is 459.24 ETH. Since created the Yaypegs, 47,856 collections sales were made at an average price of 0.08 ETH (~$123.39 at the time of writing). This created a total volume in 3,696.877 ETH. The floor price of Yaypegs is 0.035 and the 30-day trading volume is kept at 242.58 ETH. The payment tokens of the Yaypegs collection are ETH, 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 plaguedthe NFT market and have ,in such a way ,made themselves more valuable .When thee NFT boom took flight ,many people realized profits beyond their wildest dreams ,creating a space for opportunists to take advantage of themarket growth . While some NFTS can be considered digital art ,created by an artist who recognizes t hevalue N FTs can add tothe creative space ,othershave been made purely out o f greedand a needto exploitthe immensemarket growth .N FTprojects that stemfromgreedand exploitation often have no valueandare ultimatelygarbage .
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