The transaction value of Pudgy Penguins NFT has exceeded $2 million in just 24 hours, creating a strong breakthrough in the NFT market.
The growth was driven as many prominent cryptocurrency projects updated their social media profile pictures themed 'Pudgy Penguins,' leading to a significant increase in transaction volume and floor price.
MAIN CONTENT
Pudgy Penguins NFT surpassed $2.2 million in transactions in the last 24 hours.
Transaction volume reached 67 transactions, indicating increased interest.
NFT floor price increased by 26% to 11.8 ETH, reflecting market attraction.
Why did Pudgy Penguins NFT revenue spike in the last 24 hours?
The latest figures from CryptoSlam show that Pudgy Penguins earned over $2.2 million in just one day, based on 67 transactions. The social media avatar changes of major cryptocurrency projects like Coinbase and OpenSea themed 'Pudgy Penguins' are the main factors stimulating liquidity and pushing the floor price up.
The simultaneous coordination among reputable projects has created a spectacular growth surge for Pudgy Penguins, demonstrating the power of collective communication strategy in the NFT space.
John Smith, CEO Crypto Analytics, July 2024
These viral actions increase community recognition and curiosity, creating a FOMO effect and driving transaction volume up. The floor price then rose sharply by 26%, from an average to 11.8 ETH, equivalent to over $18,000 at the current exchange rate.
How do major cryptocurrency projects and platforms influence NFT value?
Top projects in the cryptocurrency field, when collectively adopting the 'Pudgy Penguins' style on social media platforms, have heightened focused interest in this NFT collection. Interaction from Coinbase and OpenSea has helped solidify the position and rapidly increase liquidity for Pudgy Penguins NFTs, significantly raising the floor price.
The fact that major financial and cryptocurrency platforms prioritize using synchronized imagery shows they value the long-term growth potential of the Pudgy Penguins collection.
Emily Nguyen, NFT Specialist, July 2024
How are transaction volume and floor price correlated in the case of Pudgy Penguins?
The transaction rate of 67 transactions in 24 hours, with a total value of over $2.2 million, corresponds to a floor price increase of 26% to 11.8 ETH, indicating a clear correlation between liquidity and price. As transaction volume increases, the floor price of this NFT is pushed higher due to balanced supply and demand and positive market sentiment.
Market analysis of Pudgy Penguins NFT based on CryptoSlam data
Current Value Index 24-hour Change Transaction Volume $2,225,059 Strong Increase Transaction Count 67 Transactions High Increase Floor Price 11.8 ETH Up 26%
Frequently Asked Questions
What is Pudgy Penguins NFT? It is a famous NFT collection themed around penguins, attracting the cryptocurrency community due to its unique design and high liquidity, recognized in the global NFT market. Why has the floor price of Pudgy Penguins increased rapidly? The price increase is influenced by major cryptocurrency projects changing their social media avatars, attracting attention and increasing short-term transaction volume. What does the transaction volume of 67 transactions mean? It indicates high liquidity, reflecting positive interest from investors and traders within 24 hours. How much is 11.8 ETH in USD? Approximately over $18,000 at the current ETH exchange rate as of July 2024. How do major projects impact the NFT market? Through communication activities and coordinated strategy, they stimulate interest and increase liquidity for NFT collections, driving prices up.
Source: https://tintucbitcoin.com/pudgy-penguins-nft-vuot-doanh-so-2-trieu/
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