Bored Ape Yacht Club’s (BAYC) NFT collection experienced a significant decline in its floor price, dropping below 20 ETH to 17.99 ETH (roughly $66,000). On the other hand, the price of Ethereum is on an upward trajectory and has reached $3,717. Floor price is a metric used to gauge the popularity of an NFT project The post BAYC’s NFT Floor Price Hits New Low Amid ETH Spike: What’s Behind the Decline? appeared first on Coin Edition .