There is this NFT
Bored Ape Yacht club, what is its price? I`m looking at it on the
https://coinmarketcap.com site.
Estimated Market cap is 755,111.3 ETH, so the NFT is worth 755.000 ETherums or 755.000x1500= 1,132,500,000$
Did I understand this correctly?
No. The
Bored Ape Yacht Club is a collection of 10000 unique Bored Ape NFTs (coinmarketcap actually shows a total of 9,998 assets). The Estimated Market cap of 755,111.3 ETH is the sum of the price of all individual assets from the collection, not just one NFT. An NFT's price generally varies, but the average price for one NFT from that collection is around 75.9 ETH.