Ethereum NFT collection Pudgy Penguins has achieved a significant milestone with its floor price surpassing $100.000. Excitement is building around this non-fungible token collection and its upcoming token launch on Solana.
Recently, Pudgy Penguins NFTs have seen a notable increase in their price floor, reaching an impressive $100.000. This increase, which exceeds 70% in just one week, has been driven by the optimism generated by the upcoming launch of its native token, PENGU.
The minimum price of Pudgy Penguins NFTs has been reached Parity with Bitcoin, the leading cryptocurrency by market capitalization. This remarkable coincidence reflects the growing confidence and interest of investors in this innovative digital collection.
Since its launch, Pudgy Penguins NFTs have shown exponential growth, with an impressive increase of over 89.000% in terms of Ether (ETH)This meteoric rise has captured the attention of the crypto community, cementing Pudgy Penguins as one of the most valuable and sought-after collections in the competitive NFT market.
Pudgy Penguins displaces Bored Ape Yatch Club to 3rd place
Pudgy Penguins’ rise goes beyond its price floor, as the non-fungible token collection has recently surpassed Bored Ape Yacht Club (BAYC), ranking second in value and popularity in the NFT market.
Source: NFT Price Floor
This achievement is a significant milestone that demonstrates the strength and resilience of Pudgy Penguins, especially considering that BAYC has been one of the most prestigious collections on the market for years. Pudgy Penguins’ ability to outperform BAYC is a clear indicator of the growing investor confidence in this project.
According to data from NFT platform PriceFloor, the volume and number of Pudgy Penguins sales have increased significantly over the past week. In this regard, the sales volume grew by 275%, while the number of sales transactions for these assets increased by 150%.
Source: NFT Price Floor
The above data reflects a high demand for these NFTs and the excitement surrounding the launch of the PENGU token on the Solana blockchain later this year. The Pudgy Penguins community has also been instrumental in this growth, actively promoting the collection and creating an ecosystem that transcends NFTs, including events, collaborations, and additional projects.
NFT market reborn in Bitcoin-driven bull cycle
The success of Pudgy Penguins and the renewed interest in the NFT market are not coincidences, but the direct result of the bullish cycle of Bitcoin and other digital assets. Currently, the cryptocurrency market exceeds $3,6 trillion in capitalization, a resurgence that has revitalized the NFT scene, attracting new investors and reactivating commercial activity with these crypto assets.
Likewise, the launch of new projects and innovation in the NFT space have contributed to this renaissance of the non-fungible token market. In the case of Ethereum’s crypto collection, the development and upcoming launch of its own native token, PENGU, is adding an additional layer of utility and value to these NFTs, which can offer additional benefits to their holders, such as access to exclusive content and participation in community governance.
In short, the resurgence of the NFT market is a reflection of the confidence and enthusiasm that exists in the cryptocurrency ecosystem. Pudgy Penguins is a prime example of how a well-designed collection with a strong community can capitalize on this moment of growth and reach new levels of success in the digital ecosystem.
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