Average Price (7D) shows the average price paid for the top 25 non-fungible token (NFT) collections in a previous 7-day (7D) period. It is calculated by dividing NFT Sales Volume Index (7D) by the number of editions sold over that seven-day period.
Average Price is found in the sales data section of an NFT collection on the Crypto.com Price page. It is one of the most important data points to indicate a collection’s popularity. If the Average Price (7D) is high, this may indicate buyers’ willingness to pay high prices to obtain an NFT from that collection.
While Average Price (7D) is a useful tool, potential traders should consider a wide variety of data in order to make a well-informed decision, including Sales (7D), Market Cap, and Volume (7D).
