In the continuously evolving digital world, Non-Fungible Tokens (NFTs) are drawing attention as an unstoppable global phenomenon. One shining star in the NFT market sky is the Pudgy Penguins collection, which has captured attention with a spectacular price rise in the last 24 hours. Known for their adorable and unique visual characteristics, Pudgy Penguins now holds the esteemed position as the second-largest NFT, just below the legendary CryptoPunk. According to the latest data, Pudgy Penguins experienced an impressive price increase of over 7%, surpassing other leading NFT collections like Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC).
This increase reaffirms Pudgy Penguins’ position in the NFT market with a staggering market capitalization, reaching 129,676 ETH or equivalent to 461 million US dollars. CryptoPunk, which remains the NFT with the highest market capitalization, currently has a base price of 45.99 ETH or equivalent to 162 thousand US dollars. Meanwhile, BAYC and MAYC saw smaller changes in value, with BAYC at a floor price of 12.31 ETH and MAYC at 2.11 ETH. Not only Pudgy Penguins, but this article also touches on Runestone, a Bitcoin-based NFT collection showing significant growth.
Runestone recorded a 14.8% increase in the last day, surpassing other Bitcoin-based NFT collections like NodeMonkes, which experienced a decrease of 6.1%. The impressive performance of Pudgy Penguins and Runestone marks a new era in the NFT market, where innovation and creativity are key. As the digital ecosystem continues to evolve, the NFT market offers intriguing insights into how digital values can change rapidly, opening new opportunities for collectors and investors.
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