# Why NFT floor price is bullshit

> Does the floor price of an NFT collection actually important or just speculation?

**Published by:** [aduttya.eth](https://paragraph.com/@aduttya.eth/)
**Published on:** 2022-10-29
**Categories:** nft
**URL:** https://paragraph.com/@aduttya.eth/nftfloorprice

## Content

Despite being the most popular measure for the value of a collectible or PFP NFT, listing floor price is a bullshit metric What is the floor price? let’s make sure we are on the same page about the floor price. floor price = the cheapest NFT you can buy in a collection on a marketplace like opensea.doodles from opensea Let’s start with this question, Does the floor price of a collection tell you the true value of an NFT? “The real floor is the lowest price where sales are actually taking place. This is the price buyers are willing to buy at. The price that really matters.” The “true value” of your NFT is not the floor price. It’s almost always lower than that. Let’s use an example of it. In the Bored Ape Yacht Club collection, the real floor has consistently remained about 14% lower than the listing floor. Here I define the real floor as the bottom 5% percentile of sales made that day.This means that if you ever wanted to sell a common bored ape instantly, the right strategy would be to ask for 14% less than the listing floor. On the flip side, this opens up a golden opportunity for buyers. If you’re a buyer you could submit a bunch of bid proposals at that level and possibly get a better price than if you instant bought an NFT on the listing floor.Not convinced, let’s use two more examples For thecoolcats collection, the real floor sits ~17% below the listing floor For the moonbirds collection, the real floor sits ~14% below the listing floor.What’s the takeaway here?The listing floor is a mirage. A fantasy. An illusion. Watch sales data to gauge “real value”. Here is a dashboard https://dune.com/niftytable/listings-vs-sales It feels like NFT floor prices are just like when a girl asks you how tall you are. You might say 6’0 but you know damn well you’re 5’10. Let’s bust some more in next article.

## Publication Information

- [aduttya.eth](https://paragraph.com/@aduttya.eth/): Publication homepage
- [All Posts](https://paragraph.com/@aduttya.eth/): More posts from this publication
- [RSS Feed](https://api.paragraph.com/blogs/rss/@aduttya.eth): Subscribe to updates

## Optional

- [Collect as NFT](https://paragraph.com/@aduttya.eth/nftfloorprice): Support the author by collecting this post
- [View Collectors](https://paragraph.com/@aduttya.eth/nftfloorprice/collectors): See who has collected this post