• Dogs Unchained is a non-fungible tokens collection built on the Ethereum network.
• The market capitalization of Dogs Unchained NFT collection is 0 ETH and 5,644 collections sales were made at an average price of 0.26 ETH (~$411.37).
• It is difficult to determine whether NFTs from the Dogs Unchained collection are overpriced or underpriced.
What Is Dogs Unchained?
Dogs Unchained are a non-fungible tokens collection built on the Ethereum network launched in 21 August, 2021. 5,872 items of the Dogs Unchained collection can now be viewed at OpenSea.
Number of Owners
The total number of owners has reached 2118 within 553 days since its release.
Price and Sales
The market capitalization of Dogs Unchained NFT collection is 0 ETH. Since created the Dogs Unchained, 5,644 collections sales were made at an average price of 0.26 ETH (~$411.37 at the time of writing). This created a total volume in 1,453.542 ETH. The floor price of Dogs Unchained is 0.01 and the 30-day trading volume is kept at 0.10 ETH. The payment tokens of the Dogs Unchained collection are ETH, DAI, 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 plagued the NFT market and have, in such a way ,made themselves more valuable .When the NFT boom took flight ,many people realized profits beyond their wildest dreams ,creating a space for opportunists to take advantage of this immense market growth .While some NFTs can be considered digital art ,created by an artist who recognizes what value these can add to creative space ,others have been made purely out them greed and need to exploit this growth .NFT projects that stem from such greed often don’t hold any real value and ultimately become garbage .
Is The Dog’s Collection Over Or Underpriced?
It is difficult to determine whether NFTs from Dog’s chain collection are overpriced or underpriced .Making such assessment will become clearer when this metaverse develops more actively .Prices for these collections are influenced by how it’s developed promoted by creators as well as community support around it .
Examples Of Dog’s Chain Collections
Dog #9585 Smitty WerbenJagerManJensenDog #22Dog #3
