We\u2019ve seen the NFT market go up and down over the last few years and what\u2019s the best way to calculate how much value these NFTs have lost than looking at blue-chips<\/strong> like BAYC.<\/p>\n

In this article, we\u2019ll take a look at BAYC<\/strong> and see how much they\u2019ve lost in value in the last six weeks.<\/p>\n

On April 30, we saw the floor price rise to 153.58 ETH as Otherdeed was launched for Otherside metaverse<\/strong>. On this date, every BAYC NFT holder was rewarded with an Otherdeed NFT that they could claim from April 30 to May 22.\u00a0<\/p>\n

As May started, the crypto market started seeing a decline, and most probably, the fall of the TerraLuna and stablecoin TerraUSD created so much FUD in the market that it started affecting the NFT market as well.\u00a0<\/p>\n

Now that the crypto market is falling and following this blue-chip\u2019s floor price, both in USD terms and ETH terms, the price we\u2019re seeing now is the lowest we\u2019ve seen since 2021. (in USD)<\/p>\n

Since we\u2019re taking April 30 into consideration, let\u2019s calculate how much was ETH worth and what was the Floor price of the Bored Ape collection.\u00a0<\/p>\n

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• Floor Price on April 30 = 153.58 ETH<\/li>\n
• 158.58 ETH to USD (on April 30) = $435,680<\/li>\n
• Floor Price Now: 86.48 ETH<\/li>\n
• 86.48 ETH to USD (now) = $92,055<\/li>\n<\/ul>\n