In just 5 months, Bitcoin has gone up 500%. The entire crypto market has followed with many altcoins up 1,000% or more. In addition to that, the cryptospace, which includes things like DeFi, NFT’s, ETF’s and of course Crypto Kitties, is even hotter.
If you’re reading this, you probably have at least 1 domain that fits into a category above.
So you have to ask yourself, is it time to raise the BIN price?
If you sell a Crypto domain, the buyer is probably invested in cryptocurrencies. They have made huge returns, in a short period of time, and are looking to convert some of that profit into ‘more’ tangible assets. Domains are the perfect compliment.
However, just because someone has more purchasing power does that mean your domain is more valuable?
Heading over to Namebio.com, and doing a quick search on recent crypto sales, you’ll find HelloCrypto.com that sold for $8,020 at GoDaddy last week, or more than 3x the price it sold for at Sedo in 2017.
Of course, that’s only once example, but there are many others to be found at NameBio, which validates that the Crypto market for domains is heating up.
So back to the original question, should you raise your prices? Probably. And if you don’t, at a minimum, change the landing pages from BIN to Make An Offer.
Story kudos: Dale G.
