Bored Bunny NFT Price: What's Happening?
Bored Bunny unites a collection 4,000+ bunnies in the form of 3D-designed NFTs, all living on the Ethereum blockchain. The project's partners are David Dobrik, Umar Kamani, John Terry, and Floyd Mayweather. But what's going on with the NFT price?
How an online influencer affected the Bored Bunny price
David Dobrik, an online influencer, joined the movement. For those unfamiliar with Dobrik, he is a YouTube vlogger with 18.3 million subscribers. Most of his material is lavishly surprising his friends, family, and occasionally fans with costly presents and experiences.
Joining the Bored Bunny Community means becoming part of a family of investors and NFT enthusiasts that believe in the future of cryptocurrency and blockchain technology. The aim is to create the most influential community and project centred on NFTs.
Bored Bunny price on release
When the Bored Bunny NFT price became known to the public, it was 0.4 ETH. The NFTs can no longer be minted. However, they may still be purchased on secondary markets such as Opensea. Nobody can foresee whether or not the price of this NFT will climb.
As of 6 January, sales had increased, leading to a price rise. The fact that numerous celebrities are now a part of the community, which surely boosts its worth, may also be used to predict the price of Bored Bunny NFT.
The Bored Bunny price was roughly 5,000 mint NFTs for 0.4 ETH ($1303.60). The initiative intended to distribute items, conduct events, create a private metaverse, and so on, guaranteeing consumers that their tokens will be worth 5-10x more. According to Twitter user @zachxbt, Bored Bunny sold $7.5 million in NFTs less than an hour after the sale began.
Zachxbt has also raised the red flags that the pricing was too expensive and that it was marketed by influencers and celebrities unfamiliar with NFTs.
Following that initial sale, the value of the Bored Bunny collection fell from 0.4 to 0.059 ($192.28) ETH, and the team made $6 million. Dobrik has been called out since then, most notably by internet personality Faze Banks, who was promised $500-$700K to promote the NFT project but rejected it.
Customers are urged to do their research and warned that if celebs promote NFTs, there is a chance customers' tokens will drastically lose value.
Author: Emmanuel Baiden
7 years experience within the financial services sector most notably in Sales, Trading, research and writing articles within the crypto space. I have a bachelor's degree in International Business and a Master's in Investment and Risk Finance . I am also an associate member of the Chartered Institute for Securities and Investment.