What You Must Know About Bitmap’s Floor Price Before Buying

What is the Floor Price of an NFT

In the NFT world, “floor price” refers to the lowest listing price of a certain NFT collection currently on the market, which is the minimum cost you need to pay to join that collection. This metric is widely used to measure the “entry threshold” of a collection.

Its convenience lies in its simplicity and intuitiveness, allowing potential buyers to quickly assess “how much it costs to enter.” However, because it only reflects the “minimum order,” there may be a significant gap from the price of rare items or transaction prices.

Bitmap Project Introduction and Its Uniqueness

bitmap is an NFT/metaverse project built on the Bitcoin ecosystem – compared to NFTs on Ethereum or other chains, bitmap’s uniqueness lies in its attempt to combine Bitcoin blocks with digital collectibles/metaverse. For those who prefer the Bitcoin ecosystem and have a “decentralization + metaverse” ideology, bitmap offers a unique experimental path – it is not just an ordinary NFT that is merely an artwork, but also carries a certain degree of “experimentality” and community value.

Therefore, for those who want to enter the NFT/metaverse in the Bitcoin ecosystem, bitmap has its appeal compared to traditional NFTs.

Latest bitmap Floor Price and market performance

As of recently, the floor price of bitmap is 0.000094 BTC (≈ 7.86 USD). The total market capitalization is approximately 74.61 BTC (≈ 6.24 million USD), with a 24-hour trading volume of 0.0098 BTC (≈ 816 USD).

From this data, the current entry cost is relatively low, making it very suitable for those interested in Bitcoin + the Metaverse who do not want to bear too high a cost to try.

Starting from the Floor Price: Entry Cost, Possible Returns, and Risks

The attraction brought by the low Floor Price mainly lies in:

• Low barrier to entry: You can own a bitmap NFT with a small amount of funds, without incurring high costs.
• Potential profit space: If the project heats up in the future - for example, through ecological expansion, community activity, or the emergence of scarce resources - early low-priced entry may yield extremely high returns.

However, risks also exist:

• Floor Price 只是当前最低价，不能保证未来稀有 NFT 会涨价。
• If the project is not active enough, lacks community support, and has insufficient ecological development, entering at a low price may also turn into a “low price trap.”
• The liquidity of NFTs themselves may be low — even if you want to sell, it may be difficult to quickly cash out.

Why the floor price cannot determine future value

The limitations of the Floor Price cannot be ignored:

• It does not represent the recent transaction price, nor does it represent the value of rare works. Relying solely on the floor price easily overlooks the scarcity within the series and the potential high-value works.
• If the entire market/collection series lacks demand, even if the Floor Price is very low, it does not mean there are enough people to buy or collect. Sales volume, historical transactions, and community activity are more critical.
• For projects like bitmap that are trying to build the metaverse, we also need to look at their future development plans, community support, and actual use cases – these are not reflected in the floor price.

Therefore, relying solely on the Floor Price for judgment may lead to an overly optimistic view of the project’s value.

Suggestions and Precautions for Investing/Collecting Bitmaps

If you are considering acquiring bitmap/similar NFTs, you can refer to the following suggestions:

• Consider the floor price as the “entry cost,” but do not treat it as a “guarantee of future value.”
• Pay attention to trading volume, series activity, future project planning, and community ecology.
• If you just want to “try collecting/participating in the Bitcoin Metaverse,” it is possible to do so at a low cost; however, if you want to “invest for profit,” you need to be more cautious and consider the risks and liquidity.

Summary

The current extremely low Floor Price of Bitmap provides a very low barrier to entry for NFT newcomers or Bitcoin ecosystem enthusiasts. However, the Floor Price is just a “ticket” and does not represent future value. It is recommended to use it as a reference cost while paying attention to trading volume, series activity, rarity, and the future development of the project, and to participate with a rational and cautious attitude.