NFT Market Soars as Floor Prices Spike for Top Collections

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Investors are rushing back into non-fungible tokens (NFTs) after a massive single-day “sweep” of blue-chip NFTs on Sunday, propped up by a crypto market rally. 

CoinGecko data shows the largest NFT collection by market cap, CryptoPunks, experienced a 15.9% spike in its floor price from 40.9 Ether (ETH) to 47.50 ETH, worth over $179,000, with 83 of the NFTs snapped up by new holders in only a single day. 

Pudgy Penguins, the second-largest collection by market cap, has spiked over 15% to 16.60 Ether ($62,597), with 100 new holders “sweeping”…



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NFT Market Soars as Floor Prices Spike for Top Collections


Investors are rushing back into non-fungible tokens (NFTs) after a massive single-day “sweep” of blue-chip NFTs on Sunday, propped up by a crypto market rally. 

CoinGecko data shows the largest NFT collection by market cap, CryptoPunks, experienced a 15.9% spike in its floor price from 40.9 Ether (ETH) to 47.50 ETH, worth over $179,000, with 83 of the NFTs snapped up by new holders in only a single day. 

Pudgy Penguins, the second-largest collection by market cap, has spiked over 15% to 16.60 Ether ($62,597), with 100 new holders “sweeping”…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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