22/01/2024 Ethereum NFT sales heat up with boost from CryptoPunks, BAYC

  • Ethereum network recorded sales worth $19.8 million in the last 24 hours.
  • CryptoPunks, BAYC, and Pudgy Penguins lifted Ethereum to the top in recent days.

After a brief scare,Ethereum [ETH]has reclaimed its position as the top blockchain fornon-fungible token (NFT)trading activity.

According to AMBCrypto’s analysis ofCryptoSlam’sdata, the Ethereum network recorded sales worth $19.8 million in the last 24 hours, more than twice that of second-rankedSolana [SOL].

Moreover, Ethereum was the top blockchain over the last week as well, with more than a $100 million in sales of NFTs.

Source: CryptoSlam

Ethereum reclaims numero uno rank

AMBCrypto noticed that the gap between Ethereum andBitcoin [BTC]started to widen again following the latter’sstupendous performancelate last year.

Driven by surge in demand for Ordinals, Bitcoin-based NFTs topped the charts in December, pushing traditional powerhouse Ethereum to the second rank on the list.

However, the new year turned out to be game changer for Ethereum, with marquee collections like CryptoPunks and Bored Ape Yacht Club (BAYC) rising to the occasion.

Blue-chip collections exert dominance

As per CryptoSlam, CryptoPunks was the top-selling NFT collection in the last 24 hours, recording over $4.7 million in sales.

In fact, the largest collection by market cap saw its floor price hitting a nine-month high of 59.95 ETH as of this writing, AMBCrypto spotted using NFT Price Floor data.

In the world of NFTs, floor price is considered as an important barometer of a collection’s popularity. Therefore, high floor price might signal that interest in that project is increasing.

Source: NFT Price Floor

The other prominent Yuga Labs-owned entity BAYC stood at the sixth position, with $1.19 million in trading volume.

BAYC also registered a 24-hour change of 1.84% in its floor price, seen at 24.849 ETH as of this writing.


Don’t ignore Pudgy Penguins

However, if one were to analyze the past week’s statistics,Pudgy PenguinsNFT collection seemed to have done the heavy-lifting.

The collection of unique 8,888 cartoon NFTs featuring adorable penguins recorded $9.1 million in cumulative sales in the last seven days, marking a 6x jump.

Arts

https://ambcrypto.com/blog/uniswap-prices-jump-11-over-this-major-upgrade-more-here/

Interesting NFTs
Asteroid Fields
The need to belong, even in isolation, far from everything but close to others. With the noise, the uncertainty and the imbalance of an uncertain future, there is no north that really matters, nothing is under control, uncertainty and randomness are the laws that govern life in the neighborhood of the asteroid field. Where the sounds merge to create a song, the song of yesterdays.
Crossroad
LIMITED EDITION 1/1 | includes signed limited edition prints of all 3 states (pre-election, Trump win, Biden win) This piece is a first for Nifty, a token that will change based on the outcome of the election. If anything is constant about the times we now live in, it's uncertainty. This uncertainty is perfectly encapsulated in this piece of artwork as the person buying the piece will not know the final artwork. The artwork will be one state at auction before the election, and after the results of the election are known, will forever change to reflect a Trump or Biden win. PLEASE FUCKING NOTE: If trump wins, this token will change to that video of sexy boi king trump stomping through hell FOREVER. I don’t want you coming back to me bitching that you spent $2M* on this and now it’s a video of orangeman going HAM and it’s keeping u up at night popping mad boners. should have voted bruh. *and stfu that this isn’t gonna be worth a fuckton more when I hit 30 years of everydays and have a permanent collection in the MOMA. smh.
Magnificent
Discovery of a new planet.
The Doomed #64/100
Tech won't save us.
CryptoPunk #5822
By C352B5