• Ethermon is an NFT collection built on the Ethereum network, with 53,490 items viewable at OpenSea.
• It has 12357 owners since its release and a market capitalization of 139.07 ETH.
• Reasons for NFTs being expensive or not vary from project to project, but it is difficult to determine whether the Ethermon collection is overpriced or underpriced.

What is an Ethermon?

Ethermon are a non-fungible tokens collection built on the Ethereum network launched in 30 August, 2018. 53,490 items of the Ethermon collection can now be viewed at OpenSea.

Owners & Market Cap

The total number of owners has reached 12357 within 1639 days since its release. The market capitalization of Ethermon NFT collection is 139.07 ETH. Since created the Ethermon, 2,718 collections sales were made at an average price of 0.07 ETH (~$105.82 at the time of writing). This created a total volume in 180.058 ETH. The floor price of Ethermon is 0.0014 and the 30-day trading volume is kept at 0.33 ETH and payment tokens include ETH, DAI, WETH and USDC..

Why are some NFTs expensive?

NFTs are very new to the blockchain ecosystem and are still in their infancy so there is no historical data or precedence that can assist in determining values of them yet.. Projects that started at the beginning have garnered more legitimacy purely because they had a first-mover advantage and also had opportunities to improve their projects from issues that have plagued these markets creating more value for them as well as opportunistic projects taking advantage of this market growth which may not hold any value apart from exploiting it’s immense growth potential .

Is the Ethermon Collection Over or Underpriced?

It is difficult to determine whether NFTs from the Ethermon collection is overpriced or underpriced due to it being such a new market with no historical data available yet . The price would depend on how it’s developed by its creators and community which will become clearer when metaverses develop more actively .

Fees & Examples

The fees associated with buying/selling an etheron consist of buyer/seller fees to developers (0 – 500 basis points) and OpenSea (0 – 250 basis points) respectively , resulting in a total fee for buyers/sellers as 750 basis points each . Some examples include # 2 , #3 Palytidy ☀ Dynasun ☀