
The user will become bullish on NFTs when the Bored Ape Yacht Club (BAYC) floor price, currently around 30 ETH, completes a "roundtrip" back to its initial levels, as depicted by the blue line on the chart. This implies a significant further decline in BAYC floor price is expected before a potential recovery.

By beaniemaxi
Crypto native since the early days. Went all in on DeFi summer. Then tripled down on NFTs. VC @gmcapital_. No paid promos. Not financial advice. I talk my book.