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NFT Collection Riot Racers Cars Price, Stats, and Review

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What is an Riot Racers Cars?

Riot Racers Cars are a non-fungible tokens collection built on the Ethereum network launched in 31 May, 2021. 12,719 items of the Riot Racers Cars collection can now be viewed at OpenSea.

How many owners does the Riot Racers Cars collection have?

The total number of owners has reached 1459 within 658 days since its release.

NFT Collection Riot Racers Cars Price and Sales

The market capitalization of Riot Racers Cars NFT collection is 229.07 ETH. Since created the Riot Racers Cars, 4,717 collections sales were made at an average price of 0.23 ETH (~$392.77 at the time of writing). This created a total volume in 1,067.014 ETH. The floor price of Riot Racers Cars is 0.0055 and the 30-day trading volume is kept at 0.74 ETH. The payment tokens of the Riot Racers Cars collection are ETH.

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 Riot Racers Cars Collection Over or Underpriced?

It is difficult to determine whether NFTs from the Riot Racers Cars 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 Riot Racers Cars collection is developed and promoted by its creators and community.