• The Royal Cubs is an Ethereum-based non-fungible tokens (NFT) collection launched in January 20th, 2022.
• It has 8,887 items for sale currently and 3379 owners within 401 days of release.
• Its market capitalization is 121.27 ETH, with an average price of 0.18 ETH per item sold and payment tokens of ETH and WETH.
What is the The Royal Cubs Collection?
The Royal Cubs is a non-fungible tokens collection built on the Ethereum network launched in 20 January, 2022. 8,887 items of the The Royal Cubs collection can now be viewed at OpenSea.
How many owners does the The Royal Cubs Collection have?
The total number of owners has reached 3379 within 401 days since its release.
The Royal Cubs Price and Sales
The market capitalization of The Royal Cubs NFT collection is 121.27 ETH. Since created the The Royal Cubs, 8,980 collections sales were made at an average price of 0.18 ETH (~$288.83 at the time of writing). This created a total volume in 1,623.784 ETH. The floor price of The Royal Cubs is 0.0155 and the 30-day trading volume is kept at 0.68 ETH .The payment tokens of the The Royal Cubs collection are ETH, WETH..
Why Are Some NFTs Expensive And Others Not?
NFTs are very new to the blockchain ecosystem and are still in their infancy which means there is no historical data or precedence that can assist in determining the value of an NFTs . NFT projects that started at the beginning of the market boom have garnered legitimacy purely because they had a first-mover advantage while some NFTs can be considered digital art , created by an artist who recognizes the value NFTs can add to creative space while others have been made purely out greed and need to exploit immense market growth often having no value .
Is The Royal Cub Collection Over Or Underpriced?
It is difficult to determine whether NFTs from the The Royal Cubscollection are overpriced or underpriced due to its emerging market status with no historical data or precedence that can guide such assessment . Its price also depends on how it’s developed and promoted by its creators and community .