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NFT Collection Derpy Birbs Price, Stats, and Review

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What is an Derpy Birbs?

Derpy Birbs are a non-fungible tokens collection built on the Ethereum network launched in 13 August, 2021. 8,113 items of the Derpy Birbs collection can now be viewed at OpenSea.

How many owners does the Derpy Birbs collection have?

The total number of owners has reached 1829 within 584 days since its release.

NFT Collection Derpy Birbs Price and Sales

The market capitalization of Derpy Birbs NFT collection is 0 ETH. Since created the Derpy Birbs, 5,396 collections sales were made at an average price of 0.21 ETH (~$366.29 at the time of writing). This created a total volume in 1,138.316 ETH. The floor price of Derpy Birbs is 0.008 and the 30-day trading volume is kept at 0.06 ETH. The payment tokens of the Derpy Birbs collection are 0xBTC, 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 the market growth. While some NFTs can be considered digital art, created by an artist who recognizes the value NFTs can add to the creative space, others have been made purely out of greed and a need to exploit the immense market growth. NFT projects that stem from greed and exploitation often have no value and are ultimately garbage.

Is the Derpy Birbs Collection Over or Underpriced?

It is difficult to determine whether NFTs from the Derpy Birbs collection is overpriced or underpriced. Making such an assessment will become clearer when the market for NFTs and metaverses develops more actively. The price is also influenced by how the Derpy Birbs collection is developed and promoted by its creators and community.